Director, U.S. Leveraged Finance Credit Risk

Requisition ID: 248944

Salary Range:185400.00-310600.00

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 leadership for the banks developing leveraged finance business that effectively balances the time-sensitive urgent needs of individual deals and broader business considerations;
Help refine and implement a U.S. leveraged finance credit risk management framework including the banks risk appetite to ensure that Scotiabanks expansion into non-investment grade is conducted in a safe and sound manner;
Assess proposed leveraged finance transactions and monitor the overall underwriting portfolio and the portfolio of held loans;
The candidate will report to MD Head of Non-Investment Grade Credit Risk and will work closely with the U.S. Head of Credit Risk and the U.S. Chief Risk Officer to present leveraged finance credit risk management considerations to senior management; and
Participate in leveraged finance and non-investment grade credit risk related discussions with Scotiabanks U.S. regulators.

What Youll Do

Participating in the development and maintenance of leveraged finance credit risk frameworks and risk appetite statements that are aligned with industry standards and local regulatory expectations;
Critically reviewing individual deals and independently leading the deal process from inception through approval. This includes review and diligence of the forecast EBITDA and adjustments capital structure syndication issues and risk / reward tradeoffs and making credit decisions within delegated authority or recommendations to senior management regarding credit approvals and declines;
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;
Building a high-performance environment and implementing a people strategy that attracts retains develops and motivates their team by (1) fostering an inclusive work environment and using a coaching mindset and behaviors (2) communicating vison/values/business strategy and (3) managing succession and development planning for the team; and
Creating an environment in which the candidates team pursues effective and efficient operations of their respective areas in accordance with Scotiabanks Values its Code of Conduct and other policies.
Assist in the training and development of junior members of team which includes putting direct reports in situations where they can present transactions and gain visibility within the organization.
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.
Represent US CRM at Senior Credit Committee including presentation of credit transactions and reviews from assigned portfolio.

Participate in and assist with internal audits regulatory reviews and projects.

What Youll Bring

In depth leveraged finance and non-investment grade credit risk expertise;
Expert knowledge and understanding of US regulatory leveraged lending considerations and issues;
Experience making timely sound risk judgements and succinctly communicating with senior management;
Experience preparing and presenting leveraged finance and non-investment grade credit risk management issues to senior management; and
At least 8-10 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 the Directors teams by complementing their existing skills
Has an expert ability to balance 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

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.

Scotiabank is an equal opportunity employer. We evaluate qualified applicants without regard to race color religion sex sexual orientation gender identity national origin disability veteran status or any other characteristic protected by federal state or local law.