Senior Manager, Mortgage Capital Markets Credit Risk

Senior Manager, Mortgage Capital Markets Credit Risk

Requisition : 250944

Salary Range:  -

Note:

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. Mortgage Capital Markets. The position will be located in Houston and report to the Director, Mortgage Capital Markets. 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, securities products, banking products, etc.
• Manage a portfolio of individual accounts within the Mortgage Capital Markets portfolio. Exhibit the ability to perform in‑depth financial and credit risk analysis, manage transaction flow independently, present transactions effectively at Corporate Senior Credit Committee and coordinate the transaction approval process as necessary with senior management.
• Support Director and senior management in establishment of mortgage capital markets risk framework, which includes preparing and implementing lending guidelines, setting and monitoring limits, and taking a lead role in preparing and presenting industry reviews.
• Ensure prompt and complete adjudication of credit applications and credit reviews, with sound, accurate and concise recommendations.
• Champion a client focused culture by developing productive relationships and high level of collaboration with 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 and training to credit analyst team and new joiners, particularly with regard to day‑tday functionality, standardization of communication and processes across the team, guidance on application of policies and procedures.
• Provide guidance and advice as a mortgage capital markets subject matter expert on topics such as deal structure, regulatory topics and broad industry issues to junior credit staff or banking team on credit topics as needed (and elevate as necessary). When necessary, work with IT and system developers as credit risk subject matter expert in the development of credit risk portfolio and transaction workflow MIS tools.
• 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.

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.
• 3-5 years of experience in financial and credit risk analysis specific to businesses within the mortgage warehouse industry domain;
• Understanding of the lending policies, procedures and practices;
• 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;
• Creative problem solving and the ability to motivate others and implement new solutions.

Interested?

At Scotiabank, every employee is empowered to reach their fullest potential, respected for who they are and, embraced for their differences. That’s why…