Requisition ID: 198410
Salary Range: 110,700.00 - 211,800.00
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 U.S. Non-Investment Grade credits, which may include, but is not limited to, the following industry groups: technology, healthcare, and general commercial & industrial.
What You’ll Do
- 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 the forecast EBITDA and adjustments, capital structure, syndication issues, and risk / reward tradeoffs and make credit recommendations regarding credit approvals and declines;
- Ensure that all credit adjudications and daily practices adhere to Bank policies and procedures.
- Produce reports on the syndication book and aged underwritings to ensure the bank’s portfolio is aligned with its risk appetite and / or identify issues for escalation to senior management;
- 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;
- Champion an environment in which his/her team pursues effective and efficient operations of his/her respective areas in accordance with Scotiabank’s Values, its Code of Conduct and other policies.
- Assist in the training and development of junior members of team.
- Assist with, internal audits, regulatory reviews, and projects
- 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.
- The candidate will report to Director, US Non-Investment Grade Credit Risk Management
What You’ll Bring
- In depth non-investment grade credit risk expertise;
- Understanding of US regulatory considerations and issues
- 4-7 years of experience in non-investment grade credit risk analysis.
- 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.
- 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.
- Creative problem-solving skills 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 : New York : New York City
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.
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