Senior Manager, U.S. Leveraged Finance Credit Risk

Requisition ID: 237164

Salary Range: 117,400.00 - 224,700.00

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!

Purpose

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; and
• Report to Director, US Non-Investment Grade Credit Risk Management and will work closely with the U.S. Head of Non-Investment Grade Credit Risk, to present leveraged finance credit risk management considerations to senior management;

What You'll Do

• Assess proposed non-investment grade financing transactions and monitor the overall underwriting portfolio and the portfolio of held loans.
• Critically reviewing individual deals including but not limited to financial modeling/forecasting, reviewing EBITDA and adjustments, capital structure, syndication issues, and risk / reward tradeoffs and make credit decisions within delegated authority or 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 / or identify issues for escalation to senior management and the Board of Directors;
• Partnering with the business to ensure day-to-day business activities are conducted within the bank’s risk appetite and to manage the alignment of the bank’s U.S. strategy, risk appetite and risk culture.
• Driving 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 with effective and efficient operations of his/her respective areas in accordance with Scotiabank’s Values, its Code of Conduct and other policies.
• Assist in the training and development of junior members of team.
• Effectively communicate with senior management, head office and the relevant Risk Committees to ensure proper risk management and sound corporate governance across the SBUS operations.
• Assist with, internal audits, regulatory reviews, and projects.

What You’ll Bring

• In depth leveraged finance and non-investment grade credit risk expertise;
• Strong knowledge and understanding of US regulatory leveraged lending considerations and issues;
• Experience making timely, sound risk judgements, and succinctly communicating with senior management;
• Experience preparing and presenting leveraged finance and non-investment grade credit risk management issues to senior management; and
• At least 5-7 years of progressively higher levels of credit risk related responsibility

The successful candidate will also be an excellent communicator and relationship builder who:

• Understands how to bring the best out of his / her teams by complementing their existing skills
• Has a strong proficiency in balancing competing or conflicting goals of various departments / countries / stakeholders via adopting a mature, diplomatic approach and using highly developed negotiation and influencing skills;
• Effectively liaises with key internal stakeholders, industry participants, and regulatory bodies. The candidate must have a Bachelor’s degree in a related discipline. A Master's degree, a recognized professional designation in a specialized area of finance or business, or equivalent, is an asset

Interested?

If your experience is closely related but doesn’t align perfectly with every qualification, we do encourage you to apply - you might be the right candidate for this or other roles at Scotiabank!

At Scotiabank, every employee is empowered to reach their fullest potential, respected for who they are and, embraced for their differences. That’s why we work to grow and diversify talent and engage employees in a performance-oriented culture.

What's in it for you?

Scotiabank wants you to be able to bring your best self to work – and life, every day. With a focus on holistic well-being, our many flexible benefit programs are designed to help support your unique family, financial, physical, mental, and social health needs.

Location(s): United States : New York : New York City

Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.

At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. If you require technical assistance, please click here. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.