Scotiabank · 1 day ago
Director, U.S. Leveraged Finance Credit Risk
New York, NY
Full-time
Onsite
Senior Level, Lead/Staff
$185K/yr - $311K/yr
8+ years expScotiabank is a leading bank in the Americas, and they are seeking a Director to manage U.S. Leveraged Finance and Non-Investment Grade credit risks. The role involves providing leadership for the bank's leveraged finance business and implementing credit risk management frameworks while collaborating with senior management and regulators.
BankingFinanceFinancial Services
Responsibilities
Provide leadership for the bank’s developing leveraged finance business that effectively balances the time-sensitive, urgent needs of individual deals and broader business considerations
Help refine and implement a U.S. leveraged finance credit risk management framework, including the bank’s risk appetite, to ensure that Scotiabank’s expansion into non-investment grade is conducted in a safe and sound manner
Assess proposed leveraged finance transactions and monitor the overall underwriting portfolio and the portfolio of held loans
The candidate will report to MD, Head of Non-Investment Grade Credit Risk and will work closely with the U.S. Head of Credit Risk, and the U.S. Chief Risk Officer, to present leveraged finance credit risk management considerations to senior management; and
Participate in leveraged finance and non-investment grade credit risk related discussions with Scotiabank’s U.S. regulators
Participating in the development and maintenance of leveraged finance credit risk frameworks and risk appetite statements that are aligned with industry standards and local regulatory expectations
Critically reviewing individual deals and independently leading the deal process from inception through approval. This includes review and diligence of the forecast EBITDA and adjustments, capital structure, syndication issues, and risk / reward tradeoffs and making credit decisions within delegated authority or recommendations to senior management regarding credit approvals and declines
Critically review and produce reports on the syndication book and aged underwritings to ensure the bank’s portfolio is aligned with its risk appetite and / or identify issues for escalation to senior management and the Board of Directors
Partnering with the business to ensure day-to-day business activities are conducted within the bank’s risk appetite and to manage the alignment of the bank’s U.S. strategy, risk appetite and risk culture
Driving a customer focused culture that deepens client relationships and leverages broader Bank relationships, systems and knowledge
Building a high-performance environment and implementing a people strategy that attracts, retains, develops, and motivates their team by (1) fostering an inclusive work environment and using a coaching mindset and behaviors, (2) communicating vison/values/business strategy, and (3) managing succession and development planning for the team; and
Creating an environment in which the candidate’s team pursues effective and efficient operations of their respective areas in accordance with Scotiabank’s Values, its Code of Conduct and other policies
Assist in the training and development of junior members of team, which includes putting direct reports in situations where they can present transactions and gain visibility within the organization
Effectively communicate with senior management, head office and the relevant Risk Committees to ensure proper risk management and sound corporate governance across the SBUS operations
Represent US CRM at Senior Credit Committee including presentation of credit transactions and reviews from assigned portfolio
Participate in, and assist with, internal audits, regulatory reviews, and projects
Qualification
Required
In depth leveraged finance and non-investment grade credit risk expertise
Expert knowledge and understanding of US regulatory leveraged lending considerations and issues
Experience making timely, sound risk judgements, and succinctly communicating with senior management
Experience preparing and presenting leveraged finance and non-investment grade credit risk management issues to senior management
At least 8-10 years of progressively higher levels of credit risk related responsibility
Bachelor's degree in a related discipline
Preferred
A Master's degree, a recognized professional designation in a specialized area of finance or business, or equivalent
Benefits
Holistic well-being
Flexible benefit programs
Company
Scotiabank
Scotiabank is a banking firm that provides banking and financial services.
10001+ employees
H1B Sponsorship
Scotiabank has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (52)
2024 (55)
2023 (29)
2022 (38)
2021 (38)
2020 (15)
Funding
Current Stage
Public CompanyTotal Funding
$1.07B2024-04-17Post Ipo Debt· $1.07B
1972-03-01IPO
Leadership Team
Jabar Singh
President & CEO Scotiabank Colpatria (Colombia) & Head Central America & Caribbean
L.Scott Thomson
President and CEO
Recent News
2026-01-23
2026-01-23
2026-01-20
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