Discover jobs
Job Search
credit approval and market development manager
Title posted on CareerBeacon - Senior Manager, Structured Credit and Funds Risk Management - Credit Adjudication
Posted on December 03, 2024 by Employer details Scotiabank
Job details
Requisition ID: 208827Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. The Structured Credit and Funds Risk Management ? Financial Institutions Credit team is a growing, high performing unit consisting of top talents contributing to sound asset growth and profits of the Bank by ensuring all credit requests are properly analyzed and adjudicated, data validated, and effective recommendations are made facilitating decisions within reasonable/requested time frames. The team's coverage includes capital calls (subscription finance), regulated funds, pension funds, independent broker/dealers, central clearing counterparties, and collateralized loan obligation (CLO) warehouses. The team works closely with senior management and business line leaders and supports the business development process by providing advice/guidance to banking officers as it pertains to the complexities of deal structuring and formation. We are looking for candidates at the Senior Manager Level who has sufficient working knowledge of CLO industry and will be responsible for facilitating credit adjudication of the CLO warehouse financing as well as the other NBFI portfolios. Given a diverse range of risks in the portfolio and regular interaction with variety of internal contacts, you will benefit from an environment which fosters continuous learning and development and from an opportunity to make a positive contribution to the Bank as a credit expert. We will determine the level of position to offer based on the candidate's experience in the fields relevant to our coverage. Is this role right for you? In this role, you will: Operating in a team-based environment, you will adjudicate credit proposals primarily for CLO warehouses while also covering investment funds, capital calls, pension funds, independent broker/dealers, and central clearing counterparties. Ensure prompt and timely adjudication of credit applications and periodic/annual reviews to ensure that credit applications submitted to senior/executive management and to credit committee are analyzed accurately, support information is completed and sound recommendations are made in a concise form. Provide recommendations and participate in discussions in Senior Credit Committees. Ensure that new underwritings are in compliance with established guidelines and limits and provide rationale for exception, if necessary. Lead an annual industry review process and present to senior management as an industry champion of at least one industry covered by the team Provide high quality and timely advice & counsel service as a trusted advisor to business units globally. Ensure appropriate use of models and assignment of Borrower and Facility risk ratings in compliance with Bank guidelines and policy. Administer accounts and ensure the ongoing quality of the credit portfolio by keeping abreast of external developments (via review of industry/economic trends), Bank policies and procedures. Promote adequate governing process by ensuring the portfolio's trading exposures are maintained within the approved limit or addressed with an appropriate corrective measures immediately. Ensure credit data is accurately maintained on a timely basis. Identify areas of process improvement and initiate projects in consultation with business partners and other stakeholders as relevant. Review documentation governing particular credit facilities as required. Provide recommendation and sign-off as necessary for the Securities Based Swap transaction as an Associated Person representing the credit unit. Do you have the skills that will enable you to succeed in this role? We'd love to work with you if you have experience with: Bachelor's degree in Finance, Economics, Business administration or related field and 7+ years of experience in credit/ market risk analysis. Master's degree and/or completion of CFA/FRM/CAIA is considered an asset. Experience in Structured Products and CLO tr- LocationToronto, ON
- Workplace information On site
- SalaryNot available
- Terms of employment Permanent employmentFull time
- Starts as soon as possible
- vacancies 1 vacancy
- Source CareerBeacon #2117604
Important notice: This job posting has been provided by a partner site. Job Bank is not responsible for this content.
Report a problem with this job posting
- Date modified: