Senior Manager, U.S. Leveraged Finance Credit Risk

About the role

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.

Responsibilities

• 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.
• Partners 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.
• 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.
• Aid 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.
• Aid in internal audits, regulatory reviews, and projects.

Requirements

• 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;
• At least 5-7 years of progressively higher levels of credit risk related responsibility.

Qualifications

• 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;
• At least 5-7 years of progressively higher levels of credit risk related responsibility.

Skills

• Excellent communication and relationship building skills;
• 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;
• Effective liaison with key internal stakeholders, industry participants, and regulatory bodies.

Benefits

Scotiabank offers a comprehensive benefits package, including:

• Flexible working arrangements;
• Health, wellness, and financial wellness programs;
• Retirement savings plans;
• Employee stock purchase plan;
• Professional development opportunities.

Pay

Salary Range: $117,400.00 - $224,700.00 per year. 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.

Schedule

Full-time.