Manager, Securitization

Requisition ID: 186375

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

Is this role right for you? In this role, you will:

1. Manage the issuance of MBS/CHT pools for liquidity management purposes

• Conduct analysis and eligibility forecast to present to Group Treasury for approval regarding issuance into the MBS/CMB program
• Manage the issuance of MBS for Canada Mortgage and Housing Corporation (CMHC) MBS Program through the following actions:

o Overseeing the pooling of residential mortgages for Canada Mortgage Bond ("CMB") Program
o As top-up or repos to the CMB Program.
o For the balance sheet liquidity purposes

• Review completion of all required documentation specific to CMHC’s NHA MBS program ensuring accuracy and completeness
• Manage issuance of CMHC Social Housing (SH) program, coordinating with internal/external stakeholders on SH initiatives and overseeing inquiries related to SH mortgages
• Assess qualifying assets requiring a thorough understanding of assets and pool qualification criteria
• Verify/review issuance/entries prepared by Senior Analyst for accuracy and completeness
• Provide effective support and analysis to Group Treasury, SMC Finance, and other bank areas on matters regarding securitization issues

The Manager works independently under the general direction of the Senior Manager, Securitization and within the framework of existing Bank policies and procedures and approved transaction limits. They are expected to be self- motivated and work with a high degree of independent judgment and expertise in carrying out his/her accountabilities and in prioritization of work load.

Significant business developments, issues, trends and results impacting operations of the unit are brought to the attention of the Senior Manager along with recommendations for resolution. The Senior Manager provides guidance on key or complex issues.

Do you have the skills that will enable you to succeed in this role? We’d love to work with you if you have:

• 
  Ability to undertake complex analysis and determine discount pricing, yield and spread etc. under tight time constraints including yield & spread, MBS, Portfolio sales to internal entities. Support the funding requests specified by Group Treasury and Financial Review
• Thorough knowledge and experience in Securitization including structure of securitization deals, process, rules and regulations specific to CMHC’s NHA MBS program
• Excellent understanding of and proficiency in financial mathematics; net present value calculations, annuities, internal rate of returns· understanding of market valuations discount rates and basis points
• Advanced personal computer skills, including spreadsheets, word-processing applications, databases, and systems; able to run programs and complex spreadsheets
• Degree or background in Accounting; Professional Accounting designation
• Ability to multi-task and cross-train along with the ability to manage and develop others to maximize operational effectiveness
• Experience in acceptance testing
• Solid communication/interpersonal/negotiating skills to interact with external partners and other Bank stakeholders
• Strong focus on accuracy, timeliness, thoroughness, attention to detail and ability to perform well under stress and tight timelines
• A high degree of self-assurance/initiative and business sense is required to perform responsibilities independently within established parameters

Location(s): Canada : Ontario : Toronto

Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.

At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.