Senior Manager, Credit Risk, Corporate US Risk Management

Requisition ID: 265426 Join a purpose driven winning team, committed to results, in an inclusive and high‑performing culture. Global Banking & Markets Global Banking & 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. GBM offers a full range of investment banking, credit and risk management products and services relevant to our clients’ financing and strategic development needs, including debt and equity financing, M&A, 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. Position Senior Manager, Credit Risk – Corporates – U.S. Risk Management Purpose The incumbent will cover the U.S. Power and Utilities portfolio. Prior experience in the Power industry (project finance, leveraged lending, renewable energy) and/or substantial knowledge of the industry would be considered an asset. The role will ensure that specific individual goals, plans, and initiatives are executed and delivered in support of the Bank’s business strategies and objectives; all credit activities will be conducted in compliance with governing regulations and internal policies and procedures. Accountabilities Manage a portfolio of individual credits across the U.S. 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 the 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; administering 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 levels 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 U.S. 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. Reporting Relationships Primary Manager: Director, U.S. Credit Risk Dimensions Strong communication skills, both written and oral; Proactive decision‑maker capable of providing and defending a viewpoint based on knowledge of the client and understanding of Scotiabank’s risk appetite; Team player, but able to work independently as priorities change; Highly organized with an ability to work in a fast‑paced, multi‑stakeholder environment and manage multiple competing priorities; Ability to creatively solve problems, motivate others, and implement new solutions. Education / Experience / Other Information Minimum a Bachelor’s degree in a related discipline. Master’s degree, recognized professional designation in a specialized area of finance or business, or equivalent, is an asset. 4–7 years of experience in financial and credit risk analysis; experience in/knowledge of Power and Utilities is an asset; 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. Working Conditions Fast‑paced, quickly changing environment. Work in a standard office‑based environment. Extended hours as needed to meet transaction deadlines. Benefits 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 United States: Texas: Houston Equal Opportunity & Accommodations Scotiabank is an equal opportunity employer. We evaluate qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, or any other characteristic protected by federal, state, or local law. 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. #J-18808-Ljbffr Scotiabank - Global Banking and Markets