Scotiabank

Manager, Unsecured Credit Risk

Scotiabank • $100K — $120K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 3-5 years of experience in portfolio analytics or credit risk
  • Experience in unsecured lending products preferred
  • Bachelor's degree in a quantitative or business discipline
  • Proficiency in SQL/SAS or Python
  • Strong experience with Power BI or similar visualization tools

Responsibilities

  • Develop and implement credit risk strategies for unsecured lending portfolios
  • Leverage analytics and data sources to enhance credit decisions
  • Conduct independent analysis and deliver actionable insights
  • Monitor portfolio trends and develop early-warning indicators
  • Collaborate with stakeholders on initiatives and strategy adjustments

Benefits

  • Inclusive and collaborative working environment
  • Competitive rewards package including performance bonus and health benefits
  • Opportunities for career development and progression
Full Job Description
Requisition ID: 274774

The mandate of this role is to lead the development of any of originations or account management credit risk strategies and ongoing portfolio management for unsecured lending products (credit cards, unsecured lines of credit, etc.), to optimize risk/return for Canadian Banking within Global Risk Management. This position combines strong technical execution with business acumen and effective communication to translate portfolio performance into actionable insights for senior stakeholders.

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

Develop Credit Risk Strategies

  • Develop and implement originations and account management strategies, policies, and procedures for Unsecured Lending portfolios using analytics, empirical decision models, and competitive analysis.
  • Leverage champion/challenger frameworks and incorporate credit bureau, third-party, and non-traditional data sources to continuously enhance strategies and optimize credit decisions and line assignments.
  • Independently conduct analysis, including data extraction and manipulation using advanced tools, translating data into actionable insights and delivering business intelligence through effective storytelling.
  • Analyze portfolio trends to identify changes in credit quality, utilization, client behavior, and performance, and develop early-warning indicators to detect population shifts and emerging risks related to unsecured accounts.
  • Assess client relationship depth across products to support segmentation, targeting, and optimized treatment strategies.
  • Monitor and evaluate existing strategies to identify opportunities, process gaps, and system limitations; recommend enhancements to ensure alignment with risk appetite and avoid unintended risk exposure.
  • Perform forward-looking risk assessments to ensure strategies remain within defined risk appetite while balancing growth objectives.
  • Drive automation and simplification of processes, including the development of risk thresholds, controls, and monitoring frameworks for execution and performance tracking.
  • Promote best practices, leverage advanced analytical tools, and provide governance over strategy design, deployment, and policy enhancements related to originations and account management.


Support Business Line Initiatives / Projects

  • Translate analytics into clear, structured, and actionable insights for senior leadership
  • Support development of executive-ready materials for governance forums, regulatory requests, and business reviews
  • Provide recommendations to improve portfolio performance, credit quality, and risk-adjusted returns
  • Deliver timely and high-quality responses to ad-hoc analytical requests


Data Management, Quality & Controls

  • Ensure data accuracy, integrity, and consistency across reporting and analytics outputs
  • Perform reconciliation, validation, and quality control checks across multiple data sources
  • Proactively identify and resolve data issues, gaps, or inconsistencies
  • Maintain documentation on data logic, definitions, and methodologies to support audit and governance requirements


Stakeholder Collaboration & Business Support

  • Partner with stakeholders across Product, Finance, Collections, and Strategy teams to support initiatives such as:
    • New programs or policy changes
    • Credit strategy adjustments
    • Portfolio risk assessments
  • Provide subject matter expertise on portfolio performance and risk drivers
  • Build strong working relationships and influence decision-making through data-driven insights


Do you have the skills that will enable you to succeed in this role? - We'd love to work with you if you have:

  • 3-5 years of experience in portfolio analytics, credit risk, or financial analytics
  • Experience in unsecured lending products (Credit Cards, ULOC, etc.) strongly preferred
  • Proven ability to manage end-to-end analytics deliverables
  • Bachelor's degree in a quantitative or business discipline (e.g., Mathematics, Statistics, Economics, Finance, Computer Science) or compensating work experience
  • Graduate degree considered an asset
  • Strong hands-on experience in data analysis and portfolio monitoring
  • Proficiency in SQL/SAS or Python (required)
  • Strong experience with Power BI or similar visualization tools
  • Ability to structure complex analyses and communicate insights effectively
  • Strong analytical thinking and problem-solving skills
  • High attention to detail and data accuracy
  • Effective communication and data storytelling
  • Ability to balance multiple priorities in a fast-paced environment
  • Ownership mindset with a proactive approach to identifying opportunities


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
5 Year Trend
+7%
NASDAQ

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