Associate Director, Legal Counsel, Global Transaction Banking

Requisition ID: 201779

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

Associate Director, Legal Counsel, Global Transaction Banking - New York, NY

Global Transaction Banking

Global Transaction Banking (GTB) is the payments and transaction engine of Scotiabank. We support Small Business, Commercial and Corporate clients with effective treasury management solutions coupled with a best-in-class service model, making it easy for clients to do business with us.

As businesses build their digital capabilities and transform their operating models, their payment needs are evolving too. Boasting a unique global footprint, GTB's comprehensive suite of innovative banking solutions help our business clients generate operational efficiencies, streamline and simplify payments, improve working capital performance, and mitigate financial risk.

At Scotiabank, we embrace your strengths, ideas, and ambitions. GTB is a fast-growing team with a focus on the Americas, particularly Canada, the U.S., Mexico, and we are seeking top tier talent to complement our organization.

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

Purpose:

Contributes to the overall success of the U.S. Legal Department by providing day-to-day legal support on a broad range of matters across multiple businesses and operations of the Bank's U.S. Global Transaction Banking (GTB) business, with a primary focus on global business payments and cash management.

What You'll Do:

• Provides day-to-day legal advice and support to Scotiabank's GTB businesses, with a primary focus on U.S. cash management, liquidity management, and payments.
• Drafts, reviews, and negotiates master agreements and other client-facing documentation for a range of GTB transactions and services, including financial services agreement, product/service-level agreements, escrow agreements, deposit account agreements, liquidity management, payments and related transaction banking agreements.
• Supports the review, negotiation and documentation of bespoke arrangements for multinational clients of the bank.
• Provides secondary support to BNS Legal colleagues in the negotiation of technology services agreements related to the channels and connectivity for GTB products and services.
• Partners with internal stakeholders to structure products and transactions and to build robust processes for managing legal and regulatory risk.
• Advises internal stakeholders across the front office and other corporate functions in developing and implementing key strategic projects and new initiatives.
• Analyzes legal and regulatory issues in area of practice and provides timely and well-researched work product to clients on complex legal matters.
• Maintains an awareness of and monitors the regulatory environment for emerging legislation and policy statements, along with relevant trends and industry best practices applicable to Scotiabank's U.S. banking operations.
• Contributes to efficient and effective relationships with outside counsel and manages legal costs and invoices.
• Understands how the Bank's risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Demonstrates a proactive approach to developing competency in unfamiliar practice areas.
• Pursues effective adherence to Scotiabank's Values and its Code of Conduct, while ensuring the adequacy, adherence to, and effectiveness of business controls to meet obligations with respect to operational, compliance, sanctions and anti-money laundering (AML), and conduct risk.

Dimensions:

• Works autonomously but thrives in a team-oriented and collaborative environment.
• Exhibits excellence in both drafting and negotiating market-standard documentation for related products, providing practical advice and legal assessment to internal clients.
• Demonstrates confidence and expertise in advising and providing business-oriented and actionable recommendations for clients, particularly in navigating gray areas.
• Responsive with a strong sense of urgency and ability to prioritize competing tasks in a fast-paced, challenging workplace.
• Shows strong interpersonal, communication, and client management skills.
• Is flexible, intellectually curious and eager to learn new areas of law and product.
• Exemplifies sound judgment and business acumen.
• Commits to high integrity, ethics, and professionalism consistent with bank values.
• Understands, interprets, and articulates legal terminology and concepts to stakeholders outside of the Legal Department.
• Identifies and escalates key issues that require risk analysis and recommendations.

What You'll Bring:

• J.D. and licensed attorney in good standing admitted or otherwise authorized to practice law in the state of New York. Position to be based in New York, New York on a hybrid schedule.
• Minimum of 4+ years supporting payments (including wire, automated clearing house (ACH) and check-based payments), deposit accounts, cash management, liquidity management and other treasury solutions, escrow arrangements, and related products and services.
• Experience in one or more of the following additional areas a plus, but not required: trade finance (supply chain finance and standby letters of credit), commercial cards, working capital or other transaction banking products and services.
• Working knowledge of the regulatory framework for payments, deposits, checks and liquidity management products, and working knowledge of the UCC.
• Strong appreciation for and interest in the payment modernization efforts currently underway in the U.S., Canada, Mexico and globally at the Bank and in the industry.
• Fluency in Spanish a plus, but not required.

Interested?

At Scotiabank, every employee is empowered to reach their fullest potential, respected for who they are and, embraced for their differences. That's why we work to grow and diversify talent and engage employees in a performance-oriented culture.

What's in it for you?

Scotiabank wants you to be able to bring your best self to work – and life, every day. With a focus on holistic well-being, our many flexible benefit programs are designed to help support your unique family, financial, physical, mental, and social health needs.

Location(s): United States : New York : New York City

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. If you require technical assistance, please click here. 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.

Nearest Major Market: New York City

Job Segment:
Bank, Banking, Compliance, Law, Investment Banking, Finance, Legal