Scotiabank

Director, Credit - National Accounts

Scotiabank • $120K — $150K *
Montreal, QC H1A 0A1In-Person
Finance & Insurance
8 - 10 years of experience
2 days ago
Be an Early Applicant
Job Overview by Ladders

Qualifications

  • 10+ years in corporate lending/credit adjudication, especially for syndicated transactions.
  • Post-secondary degree in business or related area; Master's or MBA preferred.
  • Experience in financial analysis, risk assessment, and creative financing proposals.
  • Expert in security documentation and legal implications.
  • Proven leadership skills with experience managing credit officer teams.
  • Strong communication skills for effective interactions with various stakeholders.
  • Ability to make decisions under uncertainty and articulate rationale clearly.
  • Fluency in English and proficiency in French.

Responsibilities

  • Review and authorize credit requests, making recommendations for larger cases within bank policies.
  • Assess financial and non-financial risks to ensure accurate client profiles and compliance.
  • Monitor changes in client creditworthiness and recommend necessary actions.
  • Understand the economic and regulatory context affecting the portfolio; advise accordingly.
  • Participate actively in risk committees and serve as a banking advisor.
  • Collaborate with banking teams to enhance client relationships and ensure effective risk management.
  • Oversee the validation of crucial data in credit systems to support operational efficiency.

Benefits

  • Join a progressive and collaborative team of innovative thinkers.
  • Diverse opportunities for career development and advancement.
  • Access to internal training programs for skill enhancement.
  • Work in an inclusive environment that promotes creativity and celebrates success.
Full Job Description
Requisition ID: 268270

Ensure that credit adjudication, control activities and related processes on National Accounts credit requests are conducted within a strong risk culture, focusing on emerging risks and within risk appetite. Provide an objective oversight and effective challenge, enable capital optimization, ensure ongoing monitoring, and partner with business lines to develop effective strategy.

Is this role right for you? In this role you will:
Risk Assessment and Rating Assignment:
  • Adjudicate and/or authorize credit requests up to assigned limits; make sound recommendations on larger credit requests and/or problem loans within the Bank risk appetite and in adherence to our policy and standards.
  • Evaluate financial and non-financial risks for an accurate client risk profiling, challenge banking strategies and risk return over assets below defined threshold ensuring compliance with bank policies and regulatory requirements.
  • Risk assessment and rating assignment, timely monitoring changes in client's creditworthiness, and recommending adequate course of action.
  • Understand economic, political and regulatory framework and how it impacts the assigned portfolio. Recommending potential actions.
  • Participate in risk committees and deal forums, acting as an advisor partner for Banking.

Client Centric (internal/external)
  • Play an integral role in the client relationship experience by collaborating effectively with Banking, providing feedback, participating in client's meetings/calls/field visits when possible, to ensure a cohesive and efficient client experience while managing risk effectively.
  • To ensure adjudication process is achieved within the established SLA parameters.

Documentation, Data and Reporting:
  • Validate / supervise Team's validation of GRM critical data elements in credit systems which feed capital and provisions.
  • Drive / support innovation and digitize risk processes, improving accuracy of and speed of credit decisions and operational efficiencies.

Portfolio Management
  • Account Monitoring: proactive and ongoing monitoring of Early Warning Signs and sectorial/market trends, to ensure timely actions on assigned portfolio.
  • Work with Banking to ensure adherence to all compliance metrics of the loan portfolio is managed effectively within defined KPI.

Keeping the Bank Safe
  • Actively pursues / supports effective and efficient operations of his/her respective areas, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational risk, regulatory compliance risk, AML/ATF risk and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook and the Guidelines for Business Conduct.

Team Management
  • Foster a culture of risk awareness and accountability, leading a client centric culture, provide coaching and an attractive value proposition for talent.


Do you have the skills that will enable you to succeed in this role? - We'd love to work with you if you have:
  • Minimum of 10 years of experience in corporate lending and/or credit adjudication, preferably for syndicated transactions.
  • Minimum Post Secondary Education completed in business or related area, and preferably a Masters degree or MBA. Professional designation (CFA, CPA) are a plus
  • Skills in financial analysis and accounting, risk assessment and developing creative financing proposals demonstrating sound credit judgement.
  • Expert understanding of security documentation, legal ramifications and remedies is also necessary.
  • Strong leadership and coaching skills as demonstrated by the management of a team of credit officers.
  • Excellent communication skills (written and oral) to converse effectively with line and corporate personnel.
  • Ability to make decisions, frequently in the fact of uncertainty, and clearly communicate rationale for decisions.
  • Language Skills: English - advanced, French


What's in it for you?
  • The opportunity to join a forward-thinking and collaborative team, surrounded by innovative thinkers
  • A rewarding career path with diverse opportunities for professional development
  • Internal training to support your growth and enhance your skills
  • An inclusive working environment that encourages creativity, curiosity, and celebrates success!


In addition to French, the successful candidate must also have sufficient knowledge of English, as the work involves interacting and collaborating regularly with groups and individuals based in Toronto, as well as constantly interacting with other people, including clients, who speak English, locally and elsewhere.

Location(s): Canada : Quebec : Montreal

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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