Director, Structured Credit Risk and Funds

7 months ago

Toronto, Canada Scotiabank Full time

Requisition ID: 196272

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

The Structured Risk and Funds Financing Team manages global portfolio of Non-Bank Financial Institutions including Regulated funds, Canadian Pension Funds, CCPs, select Broker / Dealers, Subscription finance, CLO Warehouses, ABLs amongst other products. As part of the team, you will have responsibility to lead the team and assess the risk of the portfolio and credit risk appetite of Structured Credit Risk and Funds Financing team.

**Responsibilities**:
As a Director you will provide guidance to Senior Managers and Managers and will:

- Lead the team and partner with various stakeholders to adjudicate on specific credits within the risk framework of the Bank’s policies under personal limits and escalate over limit/out of policy proposals to the Vice President/Senior Vice President and appropriate Credit Committees.
- Maintain oversight of covered industries within the Bank's risk appetite, and keep up-to-date on industry developments and best practices.
- Liaise with the business and assist functions independently as part of the credit review and adjudication process.
- Contribute to the quality of the loan and trading portfolios through:

- Ensuring, where appropriate, documentation adequately protects the Bank’s interest;
- Ensuring the accuracy of data in various databases and reports; and
- Developing and maintaining extensive base of industry knowledge.
- Authorization of credits within the delegated limits jointly with appropriate banking counterpart, while following to the Banks’ underwriting guidelines.
- Oversee and contribute to the preparation of industry reports and other industry account information as requested.
- Contribute to profitable business development by participating in and providing managerial direction and guidance to team members.
- Attract, manage and develop staff to ensure efficient operations, attainment of objectives and talent development.
- Other projects as required including but not limited to initiatives related to policies, processes, efficiencies, business acumen to assist technology upgrades, data accuracy etc.

**Job Requirements**:

- 10+ years progressive experience in a banking or credit capacity with experience in CLO, NAV Funding, Structured Finance, Capital Calls, CCPs, etc
- Knowledge of the Bank's risk appetite, lending policies, procedures and practices including economic & regulatory requirements.
- Solid understanding of loan, derivative and other product structures.
- Knowledge of the financial sector and the main business activities of financial institutions, and ability to keep abreast of new products and developments in financial services market.
- Understanding of derivative products, sovereign (cross border) risks, deal structuring, due diligence & documentation, legal & accounting principles.
- Ability to manage a portfolio within a fast-paced, changing environment.
- Excellent analytical and time management skills with the ability to supportively lead a team and negotiate with client partners.
- Previous experience leading a team, attracting and developing talent.
- Postgraduate education in business or related with emphasis in finance, accounting, or business; or commensurate work experience. M.B.A., M.F.E., CA, CMA, CFA, FRM, CGA or equivalent designation an asset

Location(s): Canada : Ontario : Toronto

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.

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