Scotiabank

Credit Solutions Manager

Scotiabank • $80K — $95K *
Hamilton, ON L8L 0A2In-Person
Finance & Insurance
Less than 5 years of experience
Reposted Today
Be an Early Applicant
Job Overview by Ladders

Qualifications

  • Undergraduate degree in business or economics (or work-related equivalency)
  • Excellent credit structuring skills
  • Excellent risk assessment and analysis skills
  • Excellent accounting and financial analysis skills
  • Good coaching skills
  • Understanding of customer profitability model
  • Ability to build solid business case justification for deals
  • Self-starter with multitasking ability
  • Superior interpersonal and teamwork skills
  • Good communication skills (oral & written)
  • Industry knowledge considered an asset
  • MBA or a professional designation (CPA, CFA, etc.) is a plus

Responsibilities

  • Contribute to the profitable development of Automotive Commercial Credit business.
  • Analyze, structure, and present timely credit proposals.
  • Attend client meetings to understand Borrower's needs for informed credit recommendations.
  • Adjudicate credit proposals and offer sound recommendations beyond assigned limits.
  • Monitor pricing guidelines for loans and credit-related fees to drive growth.
  • Recommend bankable proposals through terms and condition adjustments.
  • Coach and counsel Sr. Relationship Managers to enhance client service.
  • Collaborate with Global Risk Management for accurate credit authorization and timely adjudication.

Benefits

  • Opportunity to join a forward-thinking organization with a collaborative team.
  • Competitive compensation and benefits package.
  • Commitment to community impact for employees and clients.
  • Recognition and rewards for high-performance, with support for development.
  • Clear criteria for career progression and internal training for growth.
Full Job Description
Requisition ID: 259397

Credit Solutions Manager - Automotive Finance (Hamilton, ON)

The Credit Solutions Manager (CSM) is responsible for contributing to the profitable growth and quality of the Bank's Automotive Commercial Credit portfolio for an assigned portfolio of accounts, ranging from low to medium complexity and size, by performing financial solutions-related activities for clients including risk analysis, deal structuring, and credit applications. In addition, the Credit Solutions Manager is responsible for monitoring and oversight of their assigned portfolio, recommending corrective action on deficiencies and problem accounts as appropriate.

The incumbent interfaces directly with clients at times, in partnership with the Sr. Relationship Manager (RM). As well, the CSM liaises with Global Risk Management (GRM) through the credit decision-making process.

Is this role right for you? In this role, you will:

Contributes to the profitable development of Automotive Commercial Credit business by:
  • Ensuring the timely analysis, structuring and presentation of credit proposals within the prescribed segment.
  • Attending client meetings (Teams, phone and in person, as required) to directly understand Borrower's needs and help made sound credit recommendations.
  • Providing prompt and sound recommendations in the analysis and adjudication of credit proposals beyond assigned limits.
  • Ensuring that communications to (Sr.) RM clearly convey the rationale for decisions, so that they may respond effectively to clients.
  • Monitoring pricing guidelines and hurdles for loans and credit-related fees to help drive profitable growth.
  • Recommending alternative terms, conditions, and covenants to provide a viable banking proposal to the client within sound credit lending practices.
  • Restructuring marginal proposals into bankable deals where possible.
  • Providing guidance, coaching and counsel to (Sr.) RM, guiding them to better serve clients' needs.
  • Work directly with GRM partners to ensure authorization matches submitted request and ensure a timely adjudication process.


Ensures the accurate communication of the terms and conditions of an authorization and supervises the effective and timely implementation of same by:
  • Reviewing all written authorizations to ensure accuracy, completeness, and clarity.
  • Ensuring prompt follow-up for acceptance of the authorization and reacting swiftly to any problems, amendments, extensions, reporting to senior management where necessary.
  • Promptly and effectively addressing issues surrounding the adequacy, quality and completeness of loan documentation and security.
  • Liaising on any required changes with the (Sr.) RM and following up for the accurate execution and delivery of same prior to disbursement of funds.
  • Providing GRM with prompt feedback when credit authorizations differ from those requested.


Ensure the ongoing quality of the assigned credit portfolio through control and administration of the specific conditions and reporting requirements as specified in individual authorizations are adhered to by:
  • Advising senior management of any credit weaknesses developing within individual accounts, by ongoing awareness and analysis of relevant financial, legal, political, technological, and industry information.
  • Adhering to any regulatory and internal Bank policies and requirements.
  • Complying with regulatory requirements as part of the service process, including Know Your Customer (KYC), Anti-Money Laundering/Anti-Terrorist Financing (AML/ATF) Privacy and Occupational Health and Safety (OHS) requirements, processes and guidelines.


Is this role right for you? We'd love to work with you if you have:
  • Undergraduate degree in business or economics (or work-related equivalency)
  • Excellent credit structuring skills
  • Excellent risk assessment and analysis skills
  • Excellent accounting and financial analysis skills
  • Good coaching skills
  • Good understanding of customer profitability model
  • Ability to build solid business case justification for deals
  • Self-starter with the ability to prioritize and multi-task
  • Superior interpersonal and teamwork skills
  • Good communication skills (oral & written)
  • Industry knowledge considered an asset
  • MBA or a professional designation (CPA, CFA etc.) considered an asset


What's in it for you?
  • The opportunity to join a forward-thinking organization where you are surrounded by a collaborative team of innovative thinkers.
  • A competitive compensation and benefits package.
  • An organization committed to making a difference in our communities- for you and our customers.
  • You can expect to be recognized and rewarded for high-performance. You'll be supported by leadership through meaningful development conversations that enable faster advancement and internal training to support your growth and development.
  • You'll receive clear, transparent criteria to progress in your career.


Location(s): Canada : Ontario : Hamilton

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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