Senior Manager, U.S. Leveraged Finance Credit Risk

Overview

Title:

Senior Manager, U.S. Leveraged Finance Credit Risk

Requisition : 237164

Salary Range: -

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 candidate’s 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. 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.

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 bank’s 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 bank’s risk appetite, to ensure that Scotiabank’s 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
• Report to Director, US Non-Investment Grade Credit Risk Management and work closely with the U.S. Head of Non-Investment Grade Credit Risk to present leveraged finance credit risk management considerations to senior management

• Assess proposed non-investment grade financing transactions and monitor the overall underwriting portfolio and the portfolio of held loans
• Critically review individual deals including financial modeling/forecasting, EBITDA and adjustments, capital structure, syndication issues, and risk/reward tradeoffs; make credit decisions within delegated authority or provide recommendations to senior management regarding credit approvals and declines
• Ensure that all credit adjudications and daily practices adhere to Bank policies and procedures
• Critically review and produce reports on the syndication book and aged underwritings to ensure the bank’s portfolio is aligned with its risk appetite and escalate issues to senior management and the Board of Directors as needed
• Partner with the business to ensure day-to-day activities are conducted within the bank’s risk appetite and align the U.S. strategy, risk appetite and risk culture
• Drive 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 in accordance with Scotiabank’s values and policies
• Assist in training and development of junior team members
• Effectively communicate with senior management, head office and the relevant Risk Committees to ensure proper risk management and governance across SBUS operations
• Assist with internal audits, regulatory reviews, and projects

• In-depth leveraged finance and non-investment grade credit risk expertise
• Strong knowledge…