28 Dec
Scotiabank
Toronto
Senior Manager, Structured Credit and Funds Risk Management - Credit Adjudication
Old Toronto
CAD 60,000 - 80,000
Title: Senior Manager, Structured Credit and Funds Risk Management - Credit Adjudication
Requisition ID: 208827
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
The Structured Credit and Funds Risk Management – Financial Institutions Credit team is a growing, high performing unit consisting of top talents contributing to sound asset growth and profits of the Bank by ensuring all credit requests are properly analyzed and adjudicated, data validated, and effective recommendations are made facilitating decisions within reasonable/requested time frames.
The team’s coverage includes capital calls (subscription finance), regulated funds, pension funds, independent broker/dealers, central clearing counterparties, and collateralized loan obligation (CLO) warehouses.
We are looking for candidates at the Senior Manager Level who have sufficient working knowledge of the CLO industry and will be responsible for facilitating credit adjudication of the CLO warehouse financing as well as the other NBFI portfolios. Given a diverse range of risks in the portfolio and regular interaction with a variety of internal contacts, you will benefit from an environment which fosters continuous learning and development and from an opportunity to make a positive contribution to the Bank as a credit expert.
Is this role right for you? In this role, you will:
- Adjudicate credit proposals primarily for CLO warehouses while also covering investment funds, capital calls, pension funds, independent broker/dealers, and central clearing counterparties.
- Ensure prompt and timely adjudication of credit applications and periodic/annual reviews.
- Provide recommendations and participate in discussions in Senior Credit Committees.
- Ensure that new underwritings comply with established guidelines and limits.
- Lead an annual industry review process and present to senior management.
- Provide high quality and timely advice & counsel service as a trusted advisor to business units globally.
- Ensure appropriate use of models and assignment of Borrower and Facility risk ratings.
- Administer accounts and ensure the ongoing quality of the credit portfolio.
- Promote adequate governing process by ensuring the portfolio’s trading exposures are maintained within the approved limit.
- Ensure credit data is accurately maintained on a timely basis.
- Identify areas of process improvement and initiate projects in consultation with business partners.
- Review documentation governing particular credit facilities as required.
- Provide recommendation and sign-off for the Securities Based Swap transaction.
Do you have the skills that will enable you to succeed in this role? We’d love to work with you if you have experience with:
- Bachelor’s degree in Finance, Economics, Business administration or related field and 7+ years of experience in credit/ market risk analysis.
- Experience in Structured Products and CLO transactions is considered a strong asset.
- Familiarity with fund financing structures for non-bank financial industries.
- An expert understanding of Bank lending policies and procedures, financial analysis, risk assessment techniques, and credit structuring.
- Ability to keep up-to-date with new products and developments in financial services markets.
- Ability to make decisions and present recommendations to senior management.
- Effective communication and interpersonal skills.
- Excellent analytical, problem solving, self-management, organization and technical skills.
- Strong coaching skill with dedication to progress towards the leadership position.
- Must be organized and be an effective decision maker.
What's in it for you?
- The opportunity to join a forward-thinking and collaborative team.
- A rewarding career path with diverse opportunities for professional development.
- Internal training to support your growth and enhance your skills.
- An inclusive working environment that encourages creativity, curiosity, and celebrates success!
- Work in an Ecosystem; a bright, modern space with access to various amenities.
At Scotiabank,
we value the unique skills and experiences each individual brings to the Bank. If you require accommodation during the recruitment process, please let our Recruitment team know. Candidates must apply directly online to be considered for this role.
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