Senior Manager, Financial Institutions - Securitizations (Global Risk Management)

Scotiabank; Toronto; On-site; CAD 100,000 - 120,000; Full time

Job summary

A leading bank in the Americas is hiring a Senior Manager in Toronto to oversee securitizations and manage credit risk within established guidelines. Ideal candidates will have prior experience in Corporate Banking and a strong background in credit policy and analysis. This role offers opportunities for professional development in a collaborative environment with competitive compensation and benefits.

Benefits

Competitive compensation package

Professional development opportunities

Collaborative work environment

Qualifications

• Prior Credit Risk or Corporate Banking experience in securitizations/structured credit.
• Knowledge of credit risk policies, products, and processes.
• Understanding of derivative products and legal principles.

Responsibilities

• Liaise with Global Securitizations personnel in Toronto and New York.
• Conduct in-depth assessment of credit applications.
• Prepare board-level reports for senior management.

Skills

Analytical skills

Interpersonal skills

Negotiation skills

Time management

Attention to detail

Education

MBA, CMA, CFA or CA Designation

Equivalent industry/credit analysis experience

Job description

Requisition ID: 231979

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

Reporting to the Director, while operating in a team based environment, the Senior Manager is responsible for the maintenance and sound asset growth of a portfolio comprised of securitizations, in US, Canada and Mexico. The Senior Manager adds value to the overall management of the Bank’s loan portfolios through the timely and accurate adjudication of credits within established underwriting guidelines and policies.

The Senior Manager will be dealing with senior management and banking counterparts in the Bank’s offices globally and will be exposed to significant and varied deal flow. Given a diverse range of risks in the portfolio and regular interaction with a variety of internal contacts, the Senior Manager benefits 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.

Is this role right for you? In this role you, will:

• Liaise and maintain strong working relationship with Global Securitizations personnel in Toronto and New York, and Corporate Banking execution in Mexico involved in securitizations structuring.
• Review pertinent external rating agency criteria and perform in depth assessment of program structure and performance of incoming credit applications.
• Ensure all proposed credit exposures are in compliance with the established guidelines and limits, and provide rationale for exceptions.
• Provide recommendations to senior executives and participate in discussions in Senior Credit Committees.
• Prepare authorizations to communicate the terms and conditions of transactions.
• Review documentation governing credit facilities as required (i.e., ISDA trading documentation)
• Conduct industry analysis and lending guideline policy reviews for submission to senior management, including preparation of board-level reports
• Develop a high degree of knowledge/expertise of securitizations structuring by various asset classes.
• Maintain knowledge of program sponsors and industries, by continuous monitoring of available financial and industry information and discussions with Global Securitizations officers.
• Provide accurate data in a timely manner as requested by the various Bank offices/departments to satisfy regulatory and quarterly/monthly reporting requirements.
• Work on projects and special reviews as assigned by senior management.

Do you have the skills that will enable you to succeed in this role? - We'd love to work with you if you have:

• While MBA, CMA, CFA or CA Designation is preferred, equivalent industry/credit analysis experience will be considered.
• Prior Credit Risk or Corporate Banking experience with a preference for experience in securitizations/structured credit.
• Knowledge of credit risk policies, products, processes preferred.
• Understanding of derivative products, deal structuring, due diligence & documentation, legal & accounting principles.
• Ability to make decisions and appropriate recommendations to senior management and effectively support such recommendations.
• Customer centric focus.
• Strong analytical and technical skills with attention to detail. Excellent writing and presentation skills.
• Curiosity, ability to learn, and to apply newly acquired knowledge to daily tasks.
• Strong time management and organizational skills to manage multiple (often shifting) priorities in a fast-paced environment.
• Good negotiation and problem-resolution skills to reach agreements with business line partners.
• Excellent interpersonal, relationship building and communication skills.

What’s in it for you?

• The opportunity to join a forward-thinking company surrounded by a collaborative team of innovative thinkers.
• A great opportunity for a position in Global Risk Management at one of the leading Banks in the segment.
• A rewarding career path with diverse opportunities for professional development.
• Internal development to support your growth and enhance your skills.
• A competitive compensation and benefits package.
• An organization committed to making a difference in our communities– for you and our customers.
• We have an inclusive and collaborative working environment that encourages creativity, curiosity, and celebrates success!

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.

At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. If you require technical assistance, please click here. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.