Senior Manager, Risk Governance and Insights

Purpose

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.

Accountabilities

• Participating in the refinement and maintenance of U.S. non-bank credit risk frameworks and risk appetite statements that are aligned with industry standards and local regulatory expectations;
• Critically reviewing individual deals and independently leading the deal process from inception through approval. This includes review and diligence of the forecast cash flow / EBITDA and adjustments, capital structure, syndication issues, and risk / reward tradeoffs and making credit decisions within delegated authority or recommendations to senior management regarding credit approvals and declines;
• Critically review and produce reports on the specialty finance loan book 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;
• Building a high-performance environment and implementing a people strategy that attracts, retains, develops, and motivates their team by (1) fostering an inclusive work environment and using a coaching mindset and behaviors, (2) communicating vison/values/business strategy, and (3) managing succession and development planning for the team;
• Creating an environment in which the candidate’s team pursues effective and efficient operations of their respective areas in accordance with Scotiabank’s Values, its Code of Conduct and other policies.
• Aiding in the training and development of junior members of team, which includes putting direct reports in situations where they can present transactions and gain visibility within the organization.
• Effectively communicating with senior management, head office and the relevant Risk Committees to ensure proper risk management and sound corporate governance across the SBUS operations.
• Representing U.S. CRM at Senior Credit Committee including presentation of credit transactions and reviews from assigned portfolio.
• Participating, and assisting with, internal audits, regulatory reviews, and projects.

Education / Experience / Other Information

• 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.

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

• Understands how to bring the best out of the Director’s team by complementing their existing skills;
• Has an 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;
• 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.