Director & Head of Hedge Funds and US Counterparty Credit Risk

Requisition : 273634

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 (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!

Director, US Head of Hedge Fund & Counter party Credit / Counter party Credit Risk / Global Risk Management

Leads and oversees US Hedge Fund Credit and Counter party Credit in ensuring business strategies, plans and initiatives are executed / delivered in compliance with governing regulations, internal policies, and procedures.

• Leads and drives a customer focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
• Adjudicates on proposals within assigned limits (as a designated Credit Officer), provides recommendations for over limit / out-of-policy deals and market risk limits to the Senior Credit Committee as applicable, and authorizes waivers, amendments, and non-standard documentation.
• Leads strategic initiatives to enhance and align the firm’s CCR framework ensuring consistency in limit setting, collateral standards, escalation processes, and governance in line with regulatory expectations (SR11-10, BCBS guidance).
• Developing policies/guidelines and strategies and cascades these to appropriate business development groups.
• Providing sound and timely decisions on applications for credit/business proposals, within assigned credit limits, through thorough analysis with suitable structure, pricing, conditions, monitoring, and security stipulated.
• Ensures that the existing portfolio is maintained at a level of acceptable quality and risk by:
• regularly monitoring the assigned portfolio and approved credits on a geographic, industry, and customer / product basis, ensuring adherence to conditions of credit/market risk approval, identifying issues, and taking remedial action in a timely manner.
• regularly assessing the products and structures to determine adequate margin levels and risk measurement methodologies.
• escalating as required and recommending suitable courses of action.
• and, monitoring adherence to regulatory and internal policies as applicable
• Responsible for defining the mechanisms to close the regulatory gaps that have been identified. You will need to be engaged in the detail of the underlying issues to define what needs to be done differently and then ensure that remediation work is delivered on time:
• Define mechanisms for closure of…