Manager, U.S. Leveraged Finance Credit Risk
Manager, U.S. Leveraged Finance Credit Risk
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Salary Not Disclosed
1 Vacancy
Job Description
Requisition ID: 222219
Salary Range:90000.00-167200.00
Please note that the Salary Range shown is a guideline only. Salary offered may vary based on factors including but not limited to the successful candidates relevant knowledge skills and experience.
Join a purpose driven winning team committed to results in an inclusive and high-performing culture.
Global Banking and Markets
Global Banking and Markets (GBM) is a leading Canadian Capital Markets and Investment Banking business with a growing platform in the US and Latin America operating globally for over 100 years. Scotiabanks strong U.S. presence provides our clients an important bridge to this key global market for trade and investment flows across the Americas and the world.
Global Banking & Markets provides a full range of investment banking credit and risk management products and services relevant to the financing and strategic development needs of our clients. Our products include debt and equity financing mergers & acquisitions corporate banking institutional equity sales trading and research fixed income products derivatives energy foreign exchange and precious & metals. We also cross-sell the full range of wholesale products and services offered by the Scotiabank Group.
Be part of an innovative Global Capital Markets and Investment Banking business with a unique geographic footprint that puts capital to work for our clients across industries! We work together to drive ambition for every future!
Purpose
The position is responsible for managing U.S. Leveraged Finance and Non-Investment Grade credit risks which may include but is not limited to the following industry groups: technology healthcare and general commercial & industrial.
The candidate will:
- Provide support for the banks developing leveraged finance business that effectively balances the time-sensitive urgent needs of individual deals and broader business considerations;
- Assist in assessing proposed leveraged finance transactions and monitor the overall underwriting portfolio and the portfolio of held loans; and
- Report to Director US Non-Investment Grade Credit Risk Management
What Youll Do
- Assess proposed non-investment grade financing transactions and monitor the overall underwriting portfolio and the portfolio of held loans.
- Critically reviewing individual deals including but not limited to financial modeling/forecasting EBITDA and adjustments capital structure syndication issues and risk / reward tradeoffs and make recommendations to management regarding credit approvals and declines;
- Ensure that all credit adjudications and daily practices adhere to Bank policies and procedures including assisting in preparation of approval materials.
- Critically review and produce reports on the syndication book and aged underwritings to ensure the banks portfolio is aligned with its risk appetite and / or identify issues for escalation to senior management and the Board of Directors;
- Partnering with the business to ensure day-to-day business activities are conducted within the banks risk appetite and to manage the alignment of the banks U.S. strategy risk appetite and risk culture.
- Driving a customer focused culture that deepens client relationships and leverages broader Bank relationships systems and knowledge;
- Contribute to a team in a high-performance environment while fostering an inclusive work culture with effective and efficient operations of his/her respective areas in accordance with Scotiabanks Values its Code of Conduct and other policies.
- Effectively communicate with senior management head office and the relevant Risk Committees to ensure proper risk management and sound corporate governance across the SBUS operations.
- Assist with internal audits regulatory reviews and projects.
What Youll Bring
- In depth leveraged finance and non-investment grade credit risk expertise;
- Strong knowledge and understanding of US regulatory leveraged lending considerations and issues;
- Experience making timely sound risk judgements and succinctly communicating with senior management;
- At least 3-5 years of progressively higher levels of credit risk related responsibility
The successful candidate will also be an excellent communicator and relationship builder who:
- Understands how to bring the best out of his / her teams by complementing their existing skills
- Has a strong proficiency in balancing competing or conflicting goals of various departments / countries / stakeholders via adopting a mature diplomatic approach and using highly developed negotiation and influencing skills;
- Effectively liaises with key internal stakeholders industry participants and regulatory bodies. The candidate must have a Bachelors degree in a related discipline. A
- Masters degree a recognized professional designation in a specialized area of finance or business or equivalent is an asset
The candidate must have a Bachelors degree in a related discipline. A Masters degree a recognized professional designation in a specialized area of finance or business or equivalent is an asset
Interested
If your experience is closely related but doesnt align perfectly with every qualification we do encourage you to apply - you might be the right candidate for this or other roles at Scotiabank!
At Scotiabank every employee is empowered to reach their fullest potential respected for who they are and embraced for their differences. Thats why we work to grow and diversify talent and engage employees in a performance-oriented culture.
Whats 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.
Required Experience:
Manager
Employment Type
Full Time
