Director, Structured Credit Risk & Funds Financing Credit Management

Requisition ID: 233776

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

The Structured Risk and Funds Financing Team manages global portfolio of Non-Bank Financial Institutions including Regulated funds Canadian Pension Funds CCPs select Broker / Dealers Subscription finance CLO Warehouses ABLs amongst other products. As part of the team you will have responsibility to lead the team and assess the risk of the portfolio and credit risk appetite of Structured Credit Risk and Funds Financing team.

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

As a Director you will provide guidance to Senior Managers and Managers and will:

• Lead the team and partner with various stakeholders to adjudicate on specific credits within the risk framework of the Banks policies under personal limits and escalate over limit/out of policy proposals to the Vice President/Senior Vice President and appropriate Credit Committees.
• Maintain oversight of covered industries within the Banks risk appetite and keep up-to-date on industry developments and best practices.
• Liaise with the business and assist functions independently as part of the credit review and adjudication process.
• Contribute to the quality of the loan and trading portfolios through:
• Undertaking analysis of credit applications and providing recommendations;
• Monitoring the timely review of all applications and submissions and ensuring the accuracy thereof;
• Ensuring where appropriate documentation adequately protects the Banks interest;
• Ensuring the accuracy of data in various databases and reports; and
• Developing and maintaining extensive base of industry knowledge.
• Authorization of credits within the delegated limits jointly with appropriate banking counterpart while following to the Banks underwriting guidelines.
• Attend Senior Credit Committee as appropriate and discuss the merits of credit applications as required.
• Oversee and contribute to the preparation of industry reports and other industry account information as requested.
• Contribute to profitable business development by participating in and providing managerial direction and guidance to team members.
• Ensure the maintenance of acceptable quality in the portfolio by scanning operating environment on an ongoing basis monitoring the quality of accounts and providing constructive comments to field offices on credit applications and other submissions.

• Attract manage and develop staff to ensure efficient operations attainment of objectives and talent development.
• Other projects as required including but not limited to initiatives related to policies processes efficiencies business acumen to assist technology upgrades data accuracy etc.

Do you have the skills that will enable you to succeed in this role Wed love to work with you if you have:

• 10 years progressive experience in a banking or credit capacity with experience in CLO NAV Funding Structured Finance Capital Calls CCPs etc
• Knowledge of the Banks risk appetite lending policies procedures and practices including economic & regulatory requirements.
• Solid understanding of loan derivative and other product structures.
• Ability to debate the merits and vulnerabilities of credit applications with Banking and Senior Credit Committee approving/declining or providing recommendations as appropriate which requires highly developed communications skills.
• Knowledge of credit analysis frameworks and experience in their application to complex financial institutions across multiple accounting legal and regulatory jurisdictions globally.
• Knowledge of the financial sector and the main business activities of financial institutions and ability to keep abreast of new products and developments in financial services market.
• Understanding of derivative products sovereign (cross border) risks deal structuring due diligence & documentation legal & accounting principles.
• Ability to manage a portfolio within a fast-paced changing environment.
• Excellent analytical and time management skills with the ability to supportively lead a team and negotiate with client partners.
• Previous experience leading a team attracting and developing talent.
• Postgraduate education in business or related with emphasis in finance accounting or business; or commensurate work experience. M.B.A. M.F.E. CA CMA CFA FRM CGA or equivalent designation an asset
  

Scotiabank is a CFTC registered swap dealer and SEC registered security-based swap dealer. Additional background screening may be required to comply with U.S. regulations

Whats in it for you

• We have an inclusive and collaborative work environment that values curiosity & ownership encourages pragmatic creativity (i.e. true innovation) and celebrates success!
• An inclusive working environment that encourages creativity curiosity and celebrates success!
• A rewarding career path with diverse opportunities for professional development
• Internal training to support your growth and enhance your skills
• A competitive rewards package that includes a base salary a performance bonus company matching programs on pension and profit sharing paid vacation personal & sick days medical vision and dental benefits that start from day one and much more!

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. 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.