Title:  Senior Manager, U.S. Credit Risk

Requisition ID: 209425

 Salary Range: 94,095.00 - 180,300.00 

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.

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

Global Banking and Markets 

Global Banking and 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. 

Global Banking & Markets provides a full range of investment banking, credit and risk management products and services relevant to the financing and strategic development needs of our clients. Our products include debt and equity financing, mergers & acquisitions, 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.  

Be part of an innovative, Global Capital Markets and Investment Banking business with a unique geographic footprint that puts capital to work for our clients across industries!  We work together to drive ambition for every future! 

Purpose

The incumbent will cover US corporate borrowers, which may include, but is not limited to, the following industry groups:  general commercial & industrial, utilities/power, wholesale, agriculture, food & beverage, cable & telecom, entertainment, retail, real estate, hospitality, gaming, aerospace & transport and technology. 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.

The position will be located in Houston and report to the Director, U.S. Credit Risk – Corporates.

What You’ll Do  

• Manage a portfolio of individual credits across multiple corporate industries
• Assist in the process of assessing, adjudicating and monitoring both individual credits and the coverage portfolio
• Product coverage is broad and will include all products that have credit risk, such as loans, loan products, derivatives, commodities and banking products 
• Champion a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge
• Identify risk mitigation opportunities where appropriate
• Assist in preparing information for and responding to questions from regulatory authorities and audit
• Ensure that all credit adjudication(s) 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 level.

What You’ll Bring 

• 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; 
• Understanding of the Bank’s lending policies, procedures and practices;
• Understanding of credit risk, and the structures and protections required for the exercise of credit analysis, including knowledge of lending and derivative products and associated documentation;
• Knowledge of finance and accounting including financial projections and sensitivities; computer literacy;  
• Strong communication skills, both written and oral;
• Proactive decision-maker; must handle high volume of credit intensive work; must take initiative in a highly time sensitive environment;
• Collaborative, strong sense of teamwork;
• Highly organized with an ability to work in a fast-paced, multi-stakeholder environment and manage multiple priorities;
• Ability to prioritize tasks;  
• Creative problem solving and the ability to motivate others and implement new solutions.

Interested? 

If your experience is closely related but doesn’t align perfectly with every qualification, we do encourage you to apply - you might be the right candidate for this or other roles at Scotiabank! 

At Scotiabank, every employee is empowered to reach their fullest potential, respected for who they are and, embraced for their differences. That’s why we work to grow and diversify talent and engage employees in a performance-oriented culture. 

What's in it for you? 

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(s):  United States : Texas : Houston

Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.  

At Scotiabank, 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.