Scotiabank

Manager Credit

Scotiabank • $85K — $100K *
Toronto, ON M3C 0E3In-Person
Finance & Insurance
Less than 5 years of experience
Today
Be an Early Applicant
Job Overview by Ladders

Qualifications

  • Minimum of 3 years of experience in financial analysis or credit adjudication.
  • Post-Secondary Education in business or related area.
  • Strong understanding of Bank lending policies, financial analysis, and risk assessment techniques.
  • Demonstrated credit judgment and ability to manage a Commercial credit portfolio.
  • Effective negotiation and problem resolution capabilities.
  • Strong communication skills for producing clear credit documents.
  • Excellent organizational skills for prioritizing work effectively.

Responsibilities

  • Adjudicate credit requests within assigned limits and risk appetite.
  • Evaluate financial and non-financial risks for accurate client risk profiling.
  • Monitor changes in client creditworthiness and recommend actions accordingly.
  • Assess economic and regulatory impacts on portfolio and suggest potential actions.
  • Collaborate with Banking to enhance the client experience while managing associated risks.
  • Validate critical data elements in credit systems for capital and provisions impact.
  • Monitor Early Warning Signs to ensure timely actions on the portfolio.

Benefits

  • Inclusive and collaborative working environment fostering creativity and success.
  • Competitive rewards package including performance bonuses and share ownership program.
  • Pension plan matching and health benefits from day one.
  • Access to career development and progression opportunities.
Full Job Description
Requisition ID: 271237

Ensure credit adjudication, control activities and related processes 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 credit requests up to assigned limits; make sound recommendations 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, and challenge banking strategies and 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.
  • Act 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 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 GRM critical data elements in credit systems which feed capital and provisions.
  • 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
  • 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.


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 3 years of experience in financial analysis or credit adjudication.
  • Minimum Post-Secondary Education completed in business or related area.
  • Understanding of Bank lending policies and procedures, financial analysis, risk assessment techniques, credit structuring, collateral and security documentation and registration, collection, related legislation and accounting practices.
  • Proven credit judgment.
  • Proven ability in administering a Commercial credit portfolio.
  • Good negotiation and problem resolution skills.
  • Good communication skills, written and verbal, in order to produce informative, concise and professional credit replies, presentations and correspondence.
  • Good organizational skills and the ability to prioritize work effectively and efficiently.
  • Good coaching and counseling skills in credit.
  • Language Skills: English - advanced


What's in it for you?

  • An inclusive & collaborative working environment that encourages creativity, curiosity, and celebrates success!
  • We offer a competitive rewards package: Performance bonus, Employee Share Ownership Program, and Pension Plan Matching, Health Benefits from day one!
  • Your career matters! You will have access to career development and progression opportunities.


Location(s): Canada : Ontario : Toronto

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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