Director, Credit Risk (Energy) **Requisition ID:** 224289 **Salary Range:** 153,000.00 - 256,325.00 _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. **Global Banking and Markets** 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. Be part of an innovative, Global Capital Markets and Investment Banking business with a unique geographic footprint that puts capital to work for our clients across industries! We work together to drive ambition for every future! **Purpose** Credit risk adjudication responsible for the U.S. Energy, Chemicals and General Manufacturing lending portfolios and: + approve requests within delegated authority; + escalate credit approvals to Head of US Credit Risk; + ensure internal and regulatory ratings are accurate; and + monitor the assigned portfolio; + lead a team of credit analysts and ensure their continued development.. **What You'll Do** + Incumbent will provide credit adjudication across the US Energy, Chemicals and Manufacturing lending portfolios. In conjunction with Managing Director, Corporate Credit, GBM Energy, Mortgage Capital Markets, the incumbent will adjudicate on specific credits within designated limits, escalate credit approvals to the Head of US Credit Risk as appropriate, and take over limit/out of policy proposals to the appropriate Credit Committee.    + Incumbent will be responsible for contributing to sound asset growth and profits of the Bank by ensuring credit requests are properly analyzed and adjudicated, and effective decisions/recommendations are made within reasonable time frames. + The incumbent will also: + 1have delegated credit authority to adjudicate credit requests; + advise on deal structuring, credit risk mitgation for derivatives, loans and auxilliary products; + ensure acceptable quality in the assigned Credit portfolio by: + continuously monitoring the quality of the assigned portfolio and recommending actions to minimize losses; and + adjudicate and administer the portfolio in a manner consistent with the Bank’s risk appetite; + ensure sound decision-making within the assigned portfolio through competent and timely analysis, presentation and adjudication of applications; + identify unsatisfactory trends and agree on appropriate corrective action; + be responsible for ensuring that the management of portfolio credit risk is performed in a manner that is in compliance with governing regulations, consistent with all internal policies and procedures and operates within the established BNS and SBUS risk appetites; + participate as a voting member of various committees and working groups to contribute to oversight, governance, management and establishment of risk appetite and policies for US CRM; as well as provide representation for the Energy portfolio;coach junior staff in the development of their adjudication skills and in their ability to handle more complex situations as risk management professionals; + facilitate learning and training opportunities for team development and individual career development; + be familiar with and maintain best practices in line with industry standards / regulatory expectations; + assist U.S. Credit Risk leadership in communications with senior management, head office and the relevant Risk Committees to ensure proper risk management and sound corporate governance across the SBUS operations; + along with Head of U.S. Credit Risk represent US Credit Risk Management at Senior Credit Committee including presentation of credits/transactions; + participate in review and drafting of local credit risk policies and procedures; + participate in, and assist Head of U.S. Credit Risk with, internal audits and regulatory reviews; + understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions; + create an environment in which the team pursues effective and efficient operations, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to credit risk; and + build a high performance environment and implement a people strategy that attracts, retains, develops and motivates the team by fostering an inclusive work environment; communicating vision/values/business strategy and managing succession and development planning for the team. **What You’ll Bring** + Director, US Energy Credit Risk is required to have a minimum 5-7 years of credit risk experience with progressively higher levels of responsibility and have earned at least a Bachelor’s degree in a related discipline. + The incumbent will have a very good understanding of traded products (including derivatives and securities financing transactions) and lending products. + The successful candidate will have excellent communication, negotiating and leadership skills. The successful candidate must also have excellent financial analysis, modeling and structuring skills with substantial experience reviewing legal documents and credit agreements. **Interested?** If your experience is closely related but doesn’t align perfectly with every qualification, we do encourage you to apply - you might be the right candidate for this or other roles at Scotiabank! 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. 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. 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, pleaseclick here (https://www.scotiabank.com/careers/en/careers/technical-support-for-applicants.html) . 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.