Scotiabank

Senior Manager, Structured Credit Risk and Fund Financing

Scotiabank • $100K — $130K *
Toronto, ON M3C 0E3In-Person
Finance & Insurance
Less than 5 years of experience
1 week ago
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Finance, Economics, Business Administration or related field; 4+ years in credit/market risk analysis.
  • Experience in subscription finance and structured products; CLO transactions a strong asset.
  • Comprehensive knowledge of financial services including investment funds and central clearing counterparties.
  • Expertise in Bank lending policies, financial analysis, risk assessment techniques, and credit structuring.
  • Up-to-date knowledge of new products and regulatory developments in financial services.
  • Strong communication and interpersonal skills essential for collaboration with senior management.
  • Proven analytical, problem-solving, and organizational skills, with a focus on detail.

Responsibilities

  • Adjudicate credit proposals for subscription finance and CLO warehouses in a team-based environment.
  • Ensure timely analysis and sound recommendations for credit applications submitted to management.
  • Contribute to discussions in Senior Credit Committees and provide insightful recommendations.
  • Lead annual industry reviews and represent specific industries to senior management.
  • Administer credit accounts and maintain quality while monitoring external economic trends.
  • Ensure compliance of new underwritings with established guidelines, addressing exceptions as necessary.
  • Identify process improvements and initiate relevant projects in consultation with stakeholders.

Benefits

  • Inclusive and collaborative work environment encouraging creativity and celebrating success.
  • Competitive rewards package including performance bonuses and Employee Share Ownership Program.
  • Pension Plan matching contributions and health benefits from day one.
  • Opportunities for career development and progression.
Full Job Description
Requisition ID: 264987

The Structured Credit and Funds Financing team is a growing, high-performing team consisting of top talent contributing to sound asset growth and profitability of the Bank by ensuring all credit requests are properly analyzed and adjudicated, data validated, and effective recommendations are made to facilitate decisions within reasonable/requested time frames. The team's coverage includes subscription finance, collateralized loan obligation (CLO) warehouses, regulated funds, pension funds, independent broker/dealers, and central clearing counterparties. 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 with sufficient working knowledge of private capital funds and the CLO industry and will be responsible for facilitating credit adjudication of subscription financing, CLO warehouse financing, and other NBFI portfolios. Given a diverse range of risks in the portfolio and regular interaction with a variety of internal contacts, you will benefit from an environment which fosters continuous learning and development and the opportunity to make a positive contribution to the Bank as a credit expert.

Is this role right for you? In this role, you will:
  • Operate in a team-based environment, you will adjudicate credit proposals primarily for subscription finance, CLO warehouses while also covering investment funds, 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 the credit committee are analyzed accurately, supporting information is complete 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 exceptions, if necessary.
  • Lead the 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 and counsel 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 an adequate governance process by ensuring the portfolio's trading exposures are maintained within the approved limits or addressed with 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.


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 4+ years of experience in credit/market risk analysis. Master's degree and/or completion of CFA/FRM/CAIA is considered an asset.
  • Experience in subscription finance, structured products and CLO transactions is considered a strong asset. A comprehensive knowledge of financial services industry including investment funds, pension funds, broker/dealers and central clearing counterparties is required.
  • Familiarity with the fund financing structures for non-bank financial industries such as subscription finance and trading facilities (derivatives and securities financing transactions).
  • An expert understanding of Bank lending policies and procedures, financial analysis, risk assessment techniques, credit structuring, collateral and security documentation. Ability to interpret credit agreements and trading documents including ISDA, CSA, GMRA among others, is also required.
  • Ability to keep up to date with new products and developments in financial services markets, particularly regulatory and legal developments.
  • Ability to make decisions and present recommendations to senior management.
  • Effective communication and interpersonal skills are necessary for professional interactions with business partners and senior management to ensure a high level of credibility.
  • Excellent analytical, problem-solving, self-management, organization and technical skills with attention to detail.
  • Strong coaching skills with dedication to progressing toward a leadership position.
  • Must be organized and be an effective decision maker to meet the demands of a high-volume environment.


What's in it for you?
  • An inclusive & collaborative working environment that encourages creativity, curiosity, and celebrates success!
  • We offer a competitive rewards package, performance bonus, Employee Share Ownership Program, and Pension Plan Matching, Health Benefits from day one!
  • Your career matters! You will have access to career development and progression opportunities.


Location(s): Canada : Ontario : Toronto

About Scotiabank

Scotiabankers are committed to helping individuals, companies, and communities to thrive in a changing world. From personal and business banking, brokerage, and insurance, to private wealth, and the most sophisticated commercial, corporate and institutional services, they serve the diverse needs of some 21 million customers in more than 55 countries. Founded in 1832 in Halifax, Nova Scotia, their growth has always been fuelled by the success of their customers and their longevity secured by an unshakable commitment to carefully and expertly managing risk and capital. That focus on doing what's right for customers—short- andlong-term—has made us a global financial services leader. Headquartered in Canada, they are over 86, 000 Scotiabankers strong. Each of us are committed to being the best at understanding their customers' needs and all of us working together to deliver practical advice and relevant solutions that help their customers become financially better off.

Scotiabank Careers

Join Scotiabank, a premier financial institution, and become part of a diverse and inclusive team that’s leading the way in global banking. At Scotiabank, we offer more than just job opportunities; we provide a platform for professional growth and innovation in the financial services industry.

Work You’ll Do

At Scotiabank, we’re not just filling positions; we’re cultivating leaders. Dive into a workplace where diversity training and leadership development shape the path to your future. Our commitment to professional growth is evident in our robust training programs and continuous learning opportunities that foster innovation and strategic thinking.

Explore a World of Opportunities

Whether you’re looking for a full-time position, an internship, or a leadership role, Scotiabank has a spectrum of opportunities to fit your career ambitions. Our team is composed of individuals who bring a wealth of skills and perspectives to our company, driving us forward with their creativity and strategic insights.

Innovative Work Environment

Scotiabank’s culture is one of collaboration and respect, where each team member’s contribution is valued. Engage in meaningful work that challenges you to leverage your skills and push the boundaries of what’s possible in the banking sector. Our innovative projects not only support the growth of the company but also ensure our position as a leader in the industry.

Benefits and Growth

Choosing a career at Scotiabank means opting for a life of growth and opportunity. Our employees enjoy competitive benefits, including comprehensive health coverage, retirement plans, and flexible working conditions, all designed to support your career and personal life. We believe in nurturing our team’s potential by providing them with the tools they need to succeed both professionally and personally.

Join Our Team

Ready to take the next step in your career? Explore the job opportunities at Scotiabank by searching our open positions that match your skills and interests. We are continuously hiring and looking for passionate, curious, and solution-driven team players.

Networking and Professional Development

Stay connected and advance your career through Scotiabank’s extensive networking opportunities. Participate in events that connect you with other professionals and leaders within the industry. Our career resources will help you prepare your resume, ace your interviews, and land the job that best suits your career goals.

Stay Ahead

Keep up to date with the latest in career tips, industry insights, and company news—all from the people who work here at Scotiabank. Personalize your experience by subscribing to job alert emails tailored to your preferences and be the first to know about new openings and exciting developments. Join Scotiabank and be part of a team that values integrity, respect, and accountability. Discover how your career can flourish in an environment committed to your professional development and personal growth.
Learn more about Scotiabank
Size
90,619 employees
Market Cap
$57.5 billion
Industry
Finance & Insurance
5 Year Trend
+7%
NASDAQ
BNS
* Ladders Estimates

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