Senior Manager, Credit Risk, Corporate US Risk Management

Scotiabank•Houston, TX

1d•Onsite

About The Position

The Senior Manager, Credit Risk - Corporates - U.S. Risk Management role is within Global Banking and Markets (GBM), a leading Canadian Capital Markets and Investment Banking business with a growing platform in the US and Latin America. GBM provides a full range of investment banking, credit and risk management products and services. This specific role will cover the US Power and Utilities portfolio, ensuring credit activities comply with regulations and internal policies. The incumbent will manage a portfolio of individual credits, perform financial and credit risk analysis, review documentation, and present transactions to senior executives. The role also involves monitoring portfolio quality, championing a customer-focused culture, assisting with regulatory and audit requests, and mentoring junior colleagues.

Requirements

Minimum a Bachelor’s degree in a related discipline.
4-7 years of experience in financial and credit risk analysis.
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.

Nice To Haves

Master's degree, recognized professional designation in a specialized area of finance or business, or equivalent, is an asset.
Experience in/knowledge of Power and Utilities is an asset.
Prior experience in the Power industry (project finance, leverage lending, renewable energy) and/or substantial knowledge of the industry would be considered an asset.

Responsibilities

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.
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.