Manager, Energy Credit Risk

 

 

 

Requisition ID: 196144

 Salary Range: 85,700.00 - 159,100.00 

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 the U.S. Energy portfolio, which includes the following industry sub-sectors: Upstream Exploration & Production, Midstream, Refining & Chemicals, and Oilfield Services.  The position will be located in Houston and report to the Director, U.S. Credit Risk Houston.  The incumbent 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. 

What You’ll Do  

• Product coverage is broad and will include loans, loan products, derivatives, commodities, banking products, etc.  
• Ensure prompt and complete adjudication of credit applications and credit reviews, with sound, accurate and concise recommendations.
• Manage a portfolio of individual credits across the U.S. energy industry, including exploration & production, midstream, refining, chemicals and oilfield services. Exhibit the ability to perform in-depth financial and credit risk analysis, manage transaction flow, work with other team members to help present transactions effectively at Corporate Senior Credit Committee and coordinate the transaction approval process as necessary within the team.
• Champion a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
• Identify risk mitigation opportunities and developing/maintaining portfolio reports that support this function. 
• Assist in preparing information for and responding to questions from US financial regulators and internal auditors.   
• Ensure that all credit adjudication adheres to Bank policies and procedures.
• Work with new joiners, particularly with regard to day-to-day functionality, standardization of communication and processes across the team, guidance on application of policies and procedures.
• Understand and implement how the Bank’s risk appetite and risk culture should be considered 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 U.S. Energy portfolio.  

 

What You’ll Bring 

• 1-3 years of experience in financial analysis of the energy industry; 
• Understanding of the Bank’s lending policies, procedures and practices;
• Specific experience and knowledge of the relevant Energy sectors;  
• Knowledge of corporate lending products, counterparty derivative transactions and structures, and documentation’
• Understanding of credit risk, and the structures and protections required for the exercise of credit analysis;
• Familiarity with credit documentation issues;
• Knowledge of financial projections and sensitivities;
• Experience or knowledge of internal credit assessments and portfolio strategy discussions.

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 candi