Associate Director GSF

Associate Director in Securities Borrowing and Lending & Collateral Management, Global Securities Finance

The Global Securities Finance (GSF) team of National Bank of Canada (NBC) is looking for an Associate Director to assist in the pricing, trading, management, and booking of Securities Borrowing and Lending products.

Your job

• Assist with the daily management and settlement of Securities Financing trades, both flow and structured.
• Work independently and with other members of the team to develop and execute securities financing structures supporting funding and liquidity. Create reports and processes to manage those structures.
• Co-ordinate and work with various internal teams on trade, client and counterparty development.
• Co-ordinate and develop client relationships for the GSF Securities Borrowing and Lending business to support existing business and develop new revenue streams. Maintain relationships with market participants on the demand and supply side.
• Coordinate with Operation to ensure that reconciliations, buy-ins, recalls, returns are handled appropriately and efficiently.
• Responsible for managing and mitigating operational risks in the day-to-day operation.
• Correspond with legal confirmation teams to ensure accuracy of the trade details in legal documentation with the agreed details with the counterparty.
• Coordinate with the risk department to manage and mitigate credit risk.
• Support achievement of the Bank's vision, values, goals and culture in personal behavior, actions and decision making.

Your team

GSF is an integrated business model connecting Securities Financing, Repo and Delta-one products in one team. Working closely with Treasury of NBC, GSF looks to optimize the bank's position with regards to use and availability of equity and fixed income collateral. To achieve it intended goals, GSF has members in Toronto, Montreal, New York, London, and Hong Kong.

In your role, you will report directly to the Managing Director - Global Securities Finance for Securities Borrowing and Lending in New York.

Prerequisites

• CFA or undergraduate/graduate studies in Finance, Economics, Engineering, Computer Science or Mathematics; or in another field with relevant work experience.
• Ideally three to five years of applicable capital market or other related work experience.
• Understanding balance sheet, liquidity and capital aspect of collateral management
• Must have good standing relationships with a variety of street participants
• Knowledge of SQL and/or Python.
• Demonstrated problem-solving mindset, collaborative approach and great team spirit.
• Strong interpersonal skills and the ability to build trusting relationships.

Your benefits

The annual base salary range for this position is: $225,000 USD.

This position is also eligible for variable compensation.

In addition to competitive compensation, upon hiring you'll be eligible for a wide range of flexible benefits to help promote your wellbeing and that of your family.

• Medical, Dental, Vision insurance.
• 401(k) retirement plan participation from day 1 with Employer matching contribution .
• Flexible Spending Accounts for Healthcare and Dependent Care.
• Commuter / parking benefit and employer matching.
• Wellness fund.
• Short/ Long Term Disability.
• Life Insurance.
• Membership at gym within our Park Ave building.
• Tuition reimbursement.
• Paid Parental leave.
• Employee and Family Assistance Program.
• And more.

These are a few of the benefits available to you. We have an offer that keeps up with trends as well as your needs and those of your family.

Our dynamic work environments and cutting-edge collaboration tools foster a positive employee experience. We actively listen to employees' ideas. Whether through our surveys or programs, regular feedback and ongoing communication is encouraged.

We're putting people first

We're a bank on a human scale that stands out for its courage, entrepreneurial culture, and passion for people. Our mission is to have a positive impact on peoples' lives.

Our core values of partnership, agility, and empowerment inspire us, and inclusivity is central to our commitments. We offer a barrier-free workplace that is accessible to all employees.

We want our recruitment process to be fully accessible. If you require accommodations, feel free to let us know during your first conversations with us.

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