Scotiabank

Senior Credit Solutions Associate, Commercial Banking - Ottawa, Ontario

Scotiabank$80K — $95K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 5-7 years of experience in Commercial Banking or related fields.
  • Strong understanding of credit principles and financial statement analysis.
  • Proven ability to prepare credit presentations and documentation.
  • Experience with complex credit authorizations, particularly in custom borrowing.
  • Knowledge of risk management and credit structures.

Responsibilities

  • Collaborate with Senior Credit Solutions Managers to analyze credit applications.
  • Support multiple Senior Credit Solutions Managers on complex client accounts.
  • Perform thorough credit analyses for core clients, ensuring compliance with regulations.
  • Prepare comprehensive credit reports and summaries for client transactions.
  • Engage with clients across Canada, including international operations.

Benefits

  • Gain exposure to high-value client interactions and complex credit scenarios.
  • Opportunity to enhance analytical skills within a support role.
  • Contribute to an inclusive culture in a high-performance environment.
  • Interact with a variety of stakeholders, enhancing professional network.
  • Potential for career development into a Senior Credit Solutions Manager role.
Full Job Description
Requisition ID: 270905

Senior Credit Solutions Associate, Canadian Commercial Banking - Ottawa, Ontario

The Senior Credit Solutions Associate will work with the Senior Credit Solution Manager with the preparation, analysis, and monitoring of credit applications and portfolios. The ideal candidate will have a strong understanding of credit principles, excellent analytical skills, and the ability to work collaboratively in a fast-paced environment. The role is specific to supporting more complex Core clients and is intended to provide deal exposure and development for a Senior Credit Solutions Manager role.

As the Senior Credit Solutions Associate you will contribute to the overall success of the Commercial Distribution team their respective in Department/Region ensuring specific individual goals, plans, initiatives are executed/delivered in support of the team's business strategies and objectives; ensures all activities conducted are in compliance with governing regulations, internal policies and procedures.

Is this role right for you? In this role, you will:
• Champion a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
• Perform credit tasks for core clients supporting Senior Credit Solutions Managers.
• Support approximately 2-3 Senior Credit Solutions Managers (SCSM), in the region, on the most complex Core clients. Reporting to the Team Lead, Credit.
• Service clients in Canada and generally within the same region although they could have operations across the country as well as in international locations. These clients will be both borrowing (+$5MM with some clients up to $25MM) and non-borrowing. Credits of the higher complexity and/or highly customized borrowing Core relationships, with credit authorizations typically +$10MM.

Do you have the skills that will enable you to succeed in this role?
• You have proven experience in preparing Financial Statement spreading, credit summaries, Projections and Borrowing bases, review results, escalate any signs of deterioration and update appropriate systems.
• Experience analyzing financial statements, credit reports, and other relevant documentation to identify potential risks and opportunities.
• Proven preparation of credit presentations and packages.
• One to two years' experience in Commercial Banking.
• Previous experience in credit underwriting or credit document preparation.
• Strong knowledge of financial statements and credit analysis, preliminary assessment of risk, and drawing conclusions.
• Strong Knowledge of credit structures and applicable risk management.

What's in it for you?
• Opportunity to work closely with both Senior Client Relationship Managers (SCRM) and Senior Credit Solutions Managers (SCSM) to understand client needs and develop tailored credit solutions.
• Participate in deal forums to socialize deals with GRM where appropriate.
• Champion a high-performance environment and contributes to an inclusive work environment.
• Will interact with SCSM on credit-related activities and support other partners such as: Business Service Center, Enhanced Due Diligence Unit, CRA and Global Banking and Markets and could have some interaction with Global Risk Management and other partners as well as the Commercial Banking Executive Office.
• Interact with external parties such as Solicitors, Accountants and Professional Service Providers.
• Ability to resolve issues and problems.
• Add to your knowledge of the Commercial industry.
• Add to your commitment to excellent client service and ability to work with clients to resolve issues in an amicable and prompt manner.
• Support the SCSM with detailed credit reports and recommendations for credit approval or denial.

Working Conditions:
• Work in a standard office environment (Ottawa, Ontario); non-standard hours are a common occurrence.

Location(s): Canada : Ontario : Ottawa

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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