Senior Manager, Credit Risk, Corporate US Risk Management

About the role

The incumbent will cover US Power and Utilities portfolio. Prior experience in the Power industry (project finance, leverage 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; and that all credit activities are conducted in compliance with governing regulations, as well as internal policies and procedures.

Responsibilities

• Manage a portfolio of individual credits across US Power and Utilities portfolio.
• 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; and 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 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.

Requirements

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; Knowledge of financial projections and sensitivities; Experience or knowledge of internal credit assessments and portfolio strategy discussions.

Qualifications

Strong communication skills, both written and oral; Proactive decision-maker must have the ability to provide and defend a viewpoint based on knowledge of the client and understanding of Scotiabank’s risk appetite; Team player, but has the ability to work independently as needed and 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.

Skills

None specified in the job posting.

Benefits

None specified in the job posting.

Pay

Details not specified in the job posting.

Schedule

Details not specified in the job posting.