Director, Credit Risk (Power & Utilities)

 

 

 

Requisition ID: 257081 

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

Credit risk adjudication responsible for the U.S. Power & Utilities lending portfolio and:
•    approve requests within delegated authority;
•    escalate credit approvals to Head of US Credit Risk;
•    ensure internal and regulatory ratings are accurate; and
•    monitor the assigned portfolio;
•    lead a team of credit analysts and ensure their continued development.

 

What You'll Do
 

Incumbent will provide credit adjudication across the US Power & Utilities lending portfolio and escalate credit approvals to the Head of US Credit Risk as appropriate/ SCC, and take over limit/out of policy proposals to the appropriate Credit Committee.    

Incumbent will be responsible for contributing to sound asset growth and profits of the Bank by ensuring credit requests are properly analyzed and adjudicated, and effective decisions/recommendations are made within reasonable time frames. 

The incumbent will also:

 

• have delegated credit authority to adjudicate credit requests;
• advise on deal structuring, credit risk mitgation for derivatives, loans and auxilliary products;
• work on project finance and leveraged lending transactions in the Power sector, including renewable energy transactions;
• ensure acceptable quality in the assigned Credit portfolio by:
• continuously monitoring the quality of the assigned portfolio and recommending actions to minimize losses; and
• adjudicate and administer the portfolio in a manner consistent with the Bank’s risk appetite;
• ensure sound decision-making within the assigned portfolio through competent and timely analysis, presentation and adjudication of applications;
• identify unsatisfactory trends and agree on appropriate corrective action;
• be responsible for ensuring that the management of portfolio credit risk is performed in a manner that complies with governing regulations, is consistent with all internal policies and procedures, and operates within the established BNS and SBUS risk appetites;
• participate as a voting member of various committees and working groups to contribute to oversight, governance, management and establishment of risk appetite and policies for US CRM; as well as provide representation for the Power & Utilities portfolio;
• coach junior staff in the development of their adjudication skills and in their ability to handle more complex situations as risk management professionals;
• facilitate learning and training opportunities for team development and individual career development;
• be familiar with and maintain best practices in line with industry standards / regulatory expectations;
• assist U.S. Credit Risk leadership in communications with senior management, head office and the relevant Risk Committees to ensure proper risk management and sound corporate governance across the SBUS operations;
• along with Head of U.S. Credit Risk represent US Credit Risk Management at Senior Credit Committee including presentation of credits/transactions;
• participate in review and drafting of local credit risk policies and procedures;
• participate in, and assist Head of U.S. Credit Risk with, internal audits and regulatory reviews;
• understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisio