Senior Manager, Energy Credit Risk

Scotiabank; Houston (TX); On-site; USD 120,000 - 180,000; Full time

Job summary

Scotiabank in Houston seeks a Senior Manager, Energy Credit Risk to lead the U.S. energy portfolio, covering upstream, midstream, refining, chemicals and oilfield services. You will report to the Director, U.S. Credit Risk Houston and drive risk-informed decisions within the bank’s risk appetite.

You will manage a broad credit coverage, guide analysts, and coordinate with governance, audit and regional teams to ensure timely adjudication and robust portfolio monitoring.

Qualifications

• Bachelor’s degree in a related discipline; Master’s or designation is an asset.
• 5+ years in financial and credit risk analysis within the energy sector.
• Understanding of lending policies, procedures and practices.
• Familiarity with credit documentation issues.
• Knowledge of financial projections and sensitivities.
• Experience with internal credit assessments and portfolio strategy discussions.

Responsibilities

• Manage a portfolio of credits across the U.S. Energy sector and present transactions to senior executives.
• Ensure prompt adjudication of credit applications and reviews with concise recommendations.
• Coach credit analysts and standardize communication and processes across the team.
• Oversee portfolio monitoring, risk identification, and industry trend analysis.
• Collaborate with Governance and Reporting to design data quality tools.

Skills

Credit risk analysis

Financial analysis

Portfolio management

Leadership

Communication

Education

Bachelor’s degree in finance or related

Master’s degree asset

Job description

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Title: Senior Manager, Energy Credit Risk

Requisition ID: 275185

Salary Range: -

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.

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.
• 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 to senior executives and at Corporate Senior Credit Committee, and coordinate the transaction approval process as necessary within the team.
• Ensure prompt and complete adjudication of credit applications and credit reviews, with sound, accurate and concise recommendations, and provide necessary challenge, where appropriate.
• Champion a client focused culture by developing productive relationships and high level of collaboration with the Corporate Banking & Execution teams, as well as business line colleagues that will deepen client and industry knowledge.
• Leverage the client and industry knowledge to inform and educate daily credit risk management decisions within the Bank’s risk appetite and culture across all day-to-day activities and decisions.
• Provide leadership, coaching, and training to credit analysts and new team members, particularly with regard to day-to-day functionality, standardization of communication and processes across the team, guidance on application of policies and procedures.
• Manage ongoing portfolio oversight activities, including portfolio monitoring, risk identification, industry trend analysis, credit migration assessment, limit management, and the maintenance of accurate portfolio information to support effective risk management and decision‑making.
• When necessary, work with US Credit Risk Governance and Reporting team to design and develop data quality tools and validation processes.
• Identify risk mitigation opportunities and assist in the development of portfolio reports that support the credit risk function.
• Assist in preparing information for and responding to questions from audit, loan review, and regulatory authorities.
• Ensure that all credit adjudication(s) and daily practices adhere to Bank policies and procedures.
• Coordinate and work with Head Office Global Risk Management when necessary in matters related to the presentation of the global view of credit risk, including participation in industry analysis and lending guideline policy reviews included in annual Industry and Board reports.

What You'll Bring

• Minimum a Bachelor’s degree in a related discipline. Master's degree, recognized professional designation in a specialized area of finance or business, or equivalent, is an asset.
• 5+ years of experience in financial and credit risk analysis within the energy sector, including experience assessing corporate, structured, and project finance transactions;
• Understanding of the lending policies, procedures and practices;
• Familiarity with credit documentation issues;
• Understanding of credit risk, and the structures and protections required for the exercise of credit analysis, including knowledge of corporate lending products and documentation;
• Knowledge of financial projections and sensitivities;
• Experience or knowledge of internal credit assessments and portfolio strategy discussions.

At Scotiabank, every employee is empowered to reach their fullest potential, respected for who they are and, embraced for their differences. That’s why we work to grow and diversify talent and engage employees in a performance‑oriented culture.

What's in it for you?

Scotiabank wants you to be able to bring your best self to work – and life, every day. With a focus on holistic well‑being, our many flexible benefit programs are designed to help support your unique family, financial, physical, mental, and social health needs.
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Location(s): United States : Texas : Houston

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.

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.

Scotiabank is an equal opportunity employer. We evaluate qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, or any other characteristic protected by federal, state, or local law.