Associate in Training recruitment
Our London office largely focuses on the activities of Scotiabank, Global Banking Markets, and forms an integral part of its global operations. Our presence in the UK is growing, with our headcount in London increasing by 50% in the past two years.
Global Banking Markets is divided into two business units: Global Corporate and Investment Banking (GCIB) and Global Capital Markets (GCM).
Useful Links
http://www.gbm.scotiabank.com/
Vacancy Programme Details
Our 2 year Rotation Programme is primarily based on live work, operating in placements through both Global Corporate and Investment Banking (GCIB) and Global Capital Markets (GCM) - spending a minimum of nine months in each. The overall aim of our programme is to provide key skills and knowledge in a number of banking sectors, with a view to our then offering you a permanent contract at the end of the programme in a role that best suits both your natural competencies and the Bank’s active recruitment needs.
Training is a key focus of the programme. You will be invited to attend the Banks Capital Ideas course, a three week residential programme based in Toronto which focuses on product knowledge, in addition to analytical and modelling skills. Where possible, your progression through the Bank will be tailored to integrate feedback from Capital Ideas, and any prior work history you may have, to add the most value to the business and offer you the best opportunity to excel. Additionally, the Bank is willing to fund your FSA examinations whilst on rotation.
Progress through the Bank will ultimately be fluid, and dependant upon the workload and requirements of the individual desks. At a minimum, your time in Global Capital Markets will cover time in our Foreign Exchange (FX) and Treasury teams, our Equities desk and Rates Trading (Fixed Income), and our ScotiaMocatta business, covering the commodities market.
Within the Global Corporate and Investment banking world, the intention is to focus on the competencies and analytical skills involved within that division, with an emphasis on credit modelling and the document due diligence process. However, after a period of product training, the opportunity to assist on the relationship management aspects inherent in the field of Corporate Banking will arise. The aim is to deliver a broader insight into the intricacies of managing business relationships; on how best to cross sell products between the corporate banking divisions, portfolio analysis and sourcing business opportunities from a client base.
At the end of the two year contract, you’ll be permanently placed in a role that best suits your natural competencies and the Bank’s active recruitment needs.
Person Specification
The positions are only available to those studying for a degree with some relevance to finance, whether that be a quantitative or mathematical discipline, or in economics. A familiarity with credit modelling or capital markets products would be an advantage. Knowledge of MS Office is a must.
A demonstrable interest in financial markets is required, and candidates must be highly motivated with a strong willingness to learn. This is a fantastic opportunity to gain practical work experience, especially for those who are considering a career in banking upon graduation.
How to App
Please submit your details and resume through this link on eFinancialCareers. Applicants will also have to complete a screening ranking questionnaire. It is important that applicants complete these questions honestly.
Preference will be given to applicants that have taken the time to tailor their CV, and added a covering letter outlining why you feel you have the right competencies for the role, and any valid prior experience that may aid your application. Employment is subject to candidates holding or successfully applying for appropriate right to work status in the UK.