Senior Manager, Credit Risk, Corporate US Risk Management

Requisition ID: 265426

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!

Position: Senior Manager Credit Risk Corporates U.S. Risk Management

Purpose
The incumbent will cover US Power and Utilities portfolio.
Prior experience in the Power industry (project finance leverage lending renewable energy) and/or substantial knowledge of the industry would be considered an asset.
The role will ensure that specific individual goals plans and initiatives are executed and delivered in support of the Banks business strategies and objectives; and that all credit activities are conducted in compliance with governing regulations as well as internal policies and procedures.

Accountabilities
Manage a portfolio of individual credits across US Power and Utilities portfolio.
Product coverage is broad and will include loans loan products derivatives commodities trade finance and other banking products.
Perform in-depth financial and credit risk analysis review documentation (credit agreements ISDAs etc.) provide effective challenge to the 1st line where appropriate identify risk mitigation opportunities where applicable and present transactions to senior executives and Senior Credit Committee.
Ensure acceptable quality in the assigned Credit portfolio by:
continuously monitoring the quality of the assigned portfolio and recommending actions to minimize losses; and
administer the portfolio in a manner consistent with the Banks risk appetite
Manage multiple competing priorities which often require tight deadlines.
Champion a customer focused culture to deepen client relationships and leverage broader Bank relationships systems and knowledge.
Assist in preparing information for and responding to questions from regulatory authorities and audit.
Ensure that all credit adjudications and daily practices adhere to Bank policies and procedures.
Understand and implement the Banks risk appetite and risk culture in day-to-day activities and decisions.
Coordinate and work with Head Office Global Risk Management when necessary in matters related to the presentation of the global view of credit risk related to the portfolios.
Participate in special projects within U.S. Credit Risk Management related to broader strategic initiatives and the development of portfolio management and reporting capabilities.
Mentor and help develop colleagues at the Manager/Analyst level.
Champion a client focused culture by developing productive relationships and high level of collaboration with Corporate Banking Origination & Underwriting/Execution teams to support Scotiabanks growth strategy and deepen client and industry knowledge.
Leverage client and industry knowledge to inform and educate daily credit risk management decisions within the Banks risk appetite and culture across all day-to-day activities and decisions.
When necessary work with US Credit Risk Governance and Reporting team to design and develop data quality tools and validation processes.
Assist in preparing information for and responding to questions from audit loan review and regulatory authorities.

Position: Senior Manager Credit Risk Corporates U.S. Risk Management

Reporting Relationships
Primary Manager: Director U.S. Credit Risk

Dimensions
Strong communication skills both written and oral;
Proactive decision-maker must have the ability to provide and defend a viewpoint based on knowledge of the client and understanding of Scotiabanks risk appetite;
Team player but has the ability to work independently as needed and as priorities change;
Highly organized with an ability to work in a fast-paced multi-stakeholder environment and manage multiple competing priorities;
Ability to creatively solve problems motivate others and implement new solutions.

Education / Experience / Other Information
Minimum a Bachelors degree in a related discipline. Masters degree recognized professional designation in a specialized area of finance or business or equivalent is an asset.
4-7 years of experience in financial and credit risk analysis; experience in/knowledge of Power and Utilities is an asset;
Understanding of the lending policies procedures and practices;
Familiarity with credit documentation issues;
Understanding of credit risk and the structures and protections required for the exercise of credit analysis including knowledge of corporate lending products and documentation;
Knowledge of financial projections and sensitivities;
Experience or knowledge of internal credit assessments and portfolio strategy discussions.

Working Conditions
Fast paced quickly changing environment.
Work in a standard office-based environment.
Extended hours as needed to meet transaction deadlines.

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.

#GBM

Location(s): United States : Texas : Houston

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.