Senior Manager, Credit Risk, Corporate US Risk Management

Requisition

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. Scotiabank's 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 Bank's 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 Bank's 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 Bank's 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 Scotiabank's growth strategy and deepen client and industry knowledge.

* Leverage client and industry knowledge to inform and educate daily credit risk management decisions within the Bank's 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 Scotiabank's 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…