Director, U.S. Specialty Finance Credit Risk / Global Risk Management
About The Position
The Director is responsible for managing U.S. Specialty Finance Credit Risk, potentially covering financial technology, non-bank lending, asset management, and market structure. The role provides risk leadership for the U.S. Specialty Finance business, balancing transaction needs with broader business considerations, and helps refine and implement the credit risk framework and risk appetite as the bank expands financial institution lending into non-investment grade. The Director assesses proposed specialty finance transactions and monitors the underwriting and held-loan portfolios. Reporting to the MD, Head of Non-Investment Grade Credit Risk, the role works closely with the U.S. Head of Credit Risk and U.S. Chief Risk Officer, communicates risk considerations to senior management, and participates in discussions with U.S. regulators. The position also leads and develops a team of specialty finance credit analysts and represents U.S. CRM at Senior Credit Committee. The role is based in a standard office environment in Dallas, Texas. The work is fast-paced and quickly changing; non-standard hours are common, and extended hours may be needed to meet transaction deadlines.
Requirements
- In-depth specialty finance and non-bank financials credit risk expertise.
- Expert knowledge and understanding of U.S. bank regulator lending considerations and issues.
- Experience making timely, sound risk judgments and communicating succinctly with senior management.
- Experience preparing and presenting non-bank financial company credit risk management issues to senior management.
- At least 8–10 years of progressively higher levels of credit risk-related responsibility.
- Excellent communication and relationship-building abilities.
- Ability to bring out the best in the team by complementing existing skills.
- Ability to balance competing or conflicting goals across departments, countries, and stakeholders using diplomacy, negotiation, and influencing skills.
- Ability to liaise effectively with internal stakeholders, industry participants, and regulatory bodies.
- Bachelor’s degree in a related discipline.
Nice To Haves
- Master’s degree.
- Recognized professional designation in a specialized area of finance or business, or equivalent.
Responsibilities
- Provide risk leadership for the bank’s U.S. Specialty Finance business, balancing time-sensitive deal needs with broader business considerations.
- Refine and maintain U.S. non-bank credit risk frameworks and risk appetite statements in line with industry standards and local regulatory expectations.
- Review specialty finance transactions and independently lead deal processes from inception through approval, including diligence on forecast cash flow and EBITDA, adjustments, capital structure, syndication issues, and risk/reward tradeoffs.
- Make credit decisions within delegated authority or recommend approvals or declines to senior management.
- Review and report on the specialty finance loan book, assessing alignment with risk appetite and escalating issues to senior management and the Board of Directors.
- Partner with the business to ensure day-to-day activities remain within risk appetite and align U.S. strategy, risk appetite, and risk culture.
- Promote a customer-focused culture that deepens client relationships and leverages broader Bank relationships, systems, and knowledge.
- Build a high-performance team by fostering inclusion, coaching employees, communicating vision, values, and strategy, and managing succession and development planning.
- Promote effective and efficient team operations consistent with Scotiabank’s Values, Code of Conduct, and policies.
- Train and develop junior team members, including providing opportunities for direct reports to present transactions and gain organizational visibility.
- Communicate with senior management, head office, and relevant Risk Committees to support sound risk management and corporate governance across SBUS operations.
- Represent U.S. CRM at Senior Credit Committee by presenting credit transactions and reviews from the assigned portfolio.
- Participate in and assist with internal audits, regulatory reviews, and projects.
- Present specialty finance credit risk considerations to senior management and participate in related discussions with U.S. regulators.
Benefits
- Flexible benefit programs supporting family, financial, physical, mental, and social health needs.
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Career Level
Director
