Director, Credit Risk (Power & Utilities)
Scotiabank, Houston, TX, United States
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;
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 U.S. Power & Utilities lending portfolio and take over limit/out of policy proposals to the relevant 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 mitigation for derivatives, loans and ancillary 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 portfolio and recommending actions to minimize losses;
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;
Ensure management of portfolio credit risk complies with governing regulations, 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 U.S. CRM, and provide representation for the Power & Utilities portfolio;
Coach junior staff in the development of their adjudication skills and 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 and regulatory expectations;
Assist U.S. Credit Risk leadership in communications with senior management, head office and 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 U.S. Credit Risk Management at Senior Credit Committee including presentation of credits and 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 decisions while creating an environment that promotes effective and efficient operations, and ensures the adequacy, adherence to and effectiveness of day‑to‑day business controls to meet obligations with respect to credit risk;
Build a high‑performance environment and implement a people strategy that attracts, retains, develops and motivates the team by fostering an inclusive work environment, communicating vision/values/business strategy and managing succession and development planning for the team.
What You’ll Bring
Minimum 10 years of credit risk experience with progressively higher levels of responsibility and a Bachelor's degree in a related discipline.
Very good understanding of traded products (including derivatives and securities financing transactions), project finance, leveraged lending, and lending products.
Excellent communication, negotiations and leadership skills, plus sophisticated financial analysis, modeling and structuring skills, and substantial experience reviewing legal documents and credit agreements.
Benefits Scotiabank supports holistic well‑being with flexible benefit programs designed to meet unique family, financial, physical, mental, and social health needs.
Location United States: Texas – Houston; Texas – Dallas
EEO Statement If you require accommodation during the recruitment and selection process, please let our Recruitment team know.
#J-18808-Ljbffr
Approve requests within delegated authority;
Escalate credit approvals to Head of US Credit Risk;
Ensure internal and regulatory ratings are accurate;
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 U.S. Power & Utilities lending portfolio and take over limit/out of policy proposals to the relevant 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 mitigation for derivatives, loans and ancillary 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 portfolio and recommending actions to minimize losses;
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;
Ensure management of portfolio credit risk complies with governing regulations, 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 U.S. CRM, and provide representation for the Power & Utilities portfolio;
Coach junior staff in the development of their adjudication skills and 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 and regulatory expectations;
Assist U.S. Credit Risk leadership in communications with senior management, head office and 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 U.S. Credit Risk Management at Senior Credit Committee including presentation of credits and 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 decisions while creating an environment that promotes effective and efficient operations, and ensures the adequacy, adherence to and effectiveness of day‑to‑day business controls to meet obligations with respect to credit risk;
Build a high‑performance environment and implement a people strategy that attracts, retains, develops and motivates the team by fostering an inclusive work environment, communicating vision/values/business strategy and managing succession and development planning for the team.
What You’ll Bring
Minimum 10 years of credit risk experience with progressively higher levels of responsibility and a Bachelor's degree in a related discipline.
Very good understanding of traded products (including derivatives and securities financing transactions), project finance, leveraged lending, and lending products.
Excellent communication, negotiations and leadership skills, plus sophisticated financial analysis, modeling and structuring skills, and substantial experience reviewing legal documents and credit agreements.
Benefits Scotiabank supports holistic well‑being with flexible benefit programs designed to meet unique family, financial, physical, mental, and social health needs.
Location United States: Texas – Houston; Texas – Dallas
EEO Statement If you require accommodation during the recruitment and selection process, please let our Recruitment team know.
#J-18808-Ljbffr