Director, U.S. Specialty Finance Credit Risk / Global Risk Management

Overview Global Banking and Markets (GBM) is a leading Canadian Capital Markets and Investment Banking business with a growing platform in the US and Latin America, operating globally for over 100 years. Scotiabank’s strong U.S. presence provides our clients an important bridge to this key global market for trade and investment flows across the Americas and the world. Global Banking & Markets provides a full range of investment banking, credit and risk management products and services relevant to the financing and strategic development needs of our clients. Our products include debt and equity financing, mergers & acquisitions, corporate banking, institutional equity sales, trading and research, fixed income products, derivatives, energy, foreign exchange and precious & metals. We also cross‑sell the full range of wholesale products and services offered by the Scotiabank Group. Position Director, U.S. Specialty Finance Credit Risk / Global Risk Management Purpose The position is responsible for managing U.S. Specialty Finance Credit Risk, which may include, but is not limited to, the following sectors: financial technology, non‑bank lending, asset management and market structure. Key Responsibilities Provide risk leadership for the bank’s U.S. Specialty Finance business, balancing the time‑sensitive, urgent needs of individual deals and broader business considerations. Help refine and implement a U.S. Specialty Finance credit risk management framework, including the bank’s risk appetite, to ensure that the expansion of financial institution lending into non‑investment grade is conducted in a safe and sound manner. Assess proposed specialty finance company transactions and monitor the overall underwriting portfolio and the portfolio of held loans. Report to the MD, Head of Non‑Investment Grade Credit Risk and work closely with the U.S. Head of Credit Risk and the U.S. Chief Risk Officer to present specialty finance credit risk considerations to senior management. Participate in specialty finance credit risk related discussions with Scotiabank’s U.S. regulators. Refine and maintain U.S. non‑bank credit risk frameworks and risk appetite statements aligned with industry standards and local regulatory expectations. Critically review individual deals and independently lead the deal process from inception through approval, including review and diligence of forecast cash flow/EBITDA, capital structure, syndication issues, risk/reward trade‑offs, and making credit decisions or recommendations within delegated authority. Review and produce reports on the speciality finance loan book to ensure alignment with the bank’s risk appetite and to identify issues for escalation. Partner with the business to ensure day‑to‑day activities are conducted within the bank’s risk appetite and align with U.S. strategy, risk appetite, and risk culture. Drive a customer‑focused culture that deepens client relationships and leverages broader bank relationships, systems and knowledge. Build a high‑performance environment and implement a people strategy that attracts, retains, develops, and motivates the team, fostering an inclusive work environment and using a coaching mindset. Assist in the training and development of junior members of the team, providing opportunities for direct reports to present transactions. Effectively communicate with senior management, head office, and relevant Risk Committees to ensure proper risk management and corporate governance across SBUS operations. Represent U.S. CRM at the Senior Credit Committee, including presentation of credit transactions and portfolio reviews. Participate in, and assist with, internal audits, regulatory reviews, and projects. Reporting Relationships Primary Manager: MD, Head of Non‑Investment Grade Credit Risk / Global Risk Management Direct Reports: Specialty Finance credit analysts Qualifications In‑depth specialty finance and non‑bank financial credit risk expertise. Expert knowledge and understanding of U.S. bank regulator lending considerations and issues. Experience making timely, sound risk judgments and communicating with senior management. Experience preparing and presenting non‑bank financial company credit risk management issues to senior management. At least 8–10 years of progressively higher levels of credit risk responsibility. Bachelor’s degree in a related discipline; a Master’s degree or recognized professional designation is an asset. Excellent communicator and relationship builder who: Understands how to bring out the best in the director’s team by complementing existing skills. Balances competing goals of various departments/countries/stakeholders with a mature, diplomatic approach and advanced negotiation and influencing skills. Effectively liaises with key internal stakeholders, industry participants, and regulatory bodies. Working Conditions Standard office‑based environment; non‑standard hours are a common occurrence. Fast‑paced, quickly changing environment. Extended hours as needed to meet transaction deadlines. Location United States: Texas: Dallas Benefits Scotiabank wants you to bring your best self to work and life. With a focus on holistic well‑being, our many flexible benefit programs support your unique family, financial, physical, mental, and social health needs. Scotiabank is a leading bank in the Americas. Guided by our purpose: "For every future", we help our customers, families and 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. We value the unique skills and experiences of each individual and are committed to creating and maintaining an inclusive and accessible environment for everyone. We provide accommodations during the recruitment and selection process. Candidates must apply online. We thank all applicants for their interest; however, only those selected for an interview will be contacted. 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. #J-18808-Ljbffr