Director, U.S. Specialty Finance Credit Risk / Global Risk Management

About the role

The position is responsible for managing U.S. Specialty Finance Credit Risk, which may include, but is not limited to, the following sectors: financial technology, non-bank lending, asset management and market structure.

Responsibilities

• Provide risk leadership for the bank’s U.S. Specialty Finance business that effectively balances the time-sensitive, urgent needs of individual deals and broader business considerations;
• Help refine and implement a U.S. Specialty Finance credit risk management framework, including the bank’s risk appetite, to ensure that Scotiabank’s expansion of financial institution lending into non-investment grade is conducted in a safe and sound manner;
• Audit proposed specialty finance company transactions and monitor the overall underwriting portfolio and the portfolio of held loans;
• Report to MD, Head of Non-Investment Grade Credit Risk and work closely with the U.S. Head of Credit Risk, and the U.S. Chief Risk Officer, to present specialty finance credit risk management considerations to senior management;
• Participate in specialty finance credit risk related discussions with Scotiabank’s U.S. regulators.

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 judgements, and succinctly communicating 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.

Qualifications

• 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.

Skills

• Excellent communicator and relationship builder;
• Expert ability to balance competing or conflicting goals of various departments / countries / stakeholders via adopting a mature, diplomatic approach and using highly developed negotiation and influencing skills;
• Effective liaison with key internal stakeholders, industry participants, and regulatory bodies.

Benefits

• Flexible benefit programs designed to support unique health needs.

Pay

Details TBD.

Schedule

Non-standard hours are a common occurrence.