Scotiabank

Senior Manager, Credit Controls and Portfolio Risk Management, Canadian Commercial Banking

Scotiabank$110K — $130K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Undergraduate degree in Finance, Business Administration, Commerce, or Economics required; MBA or equivalent preferred.
  • 7+ years' experience in credit risk management or commercial lending.
  • Demonstrated expertise in policy development and regulatory compliance.
  • Strong communication and stakeholder management skills.
  • Proficient in analytical and problem-solving capabilities.
  • Ability to manage multiple priorities under tight deadlines.
  • High proficiency in MS Office.

Responsibilities

  • Lead identification and resolution of compliance and audit issues.
  • Develop and implement credit and operational policies with a focus on client satisfaction.
  • Monitor and report on credit risk in the portfolio, analyzing trends.
  • Collaborate with stakeholders to define lending programs aligned with strategic goals.
  • Design and implement projects to enhance operational effectiveness.
  • Serve as a subject matter expert on credit and lending issues.
  • Champion a high-performance, inclusive team environment.

Benefits

  • Employee wellness programs and an inclusive workplace atmosphere.
  • Professional development opportunities and educational assistance.
  • Health and dental benefits.
  • Opportunities for volunteerism and community engagement.
  • Flexible work arrangements to support work-life balance.
Full Job Description
Requisition ID: 271910

Senior Manager, Credit Controls and Portfolio Risk Management, Canadian Commercial Banking

The Senior Manager, Credit Controls and Portfolio Risk Management supports the COO, Canadian Commercial Banking in achieving Canadian Commercial Banking's strategic goals.

This position leads Issues resolution, Policy and Processes, Portfolio Credit risk management, Lending programs and Projects through ongoing collaboration with various internal partners such as Banking, Risk Management, Business Banking Operations, Legal, Compliance, Audit, Group Treasury, etc.

The ideal candidate brings strategic vision, operational rigor, and deep expertise in credit risk management to drive sustainable growth and resilience.

Accountabilities/ Primary responsibilities:

Issues Management:
  • Lead the identification of root causes, assessment, and resolution of compliance, regulatory, audit, and self-identified issues
  • Ensure timely remediation of findings and issues in accordance with internal policies and external regulatory requirements
  • Coordinate with Compliance, Internal Control and Audit to manage action plans and document evidence of remediation.


Policy and Process:
  • Develop and implement strategic solutions for Canadian Commercial Banking's credit and operational policies and processes with a client centric focus ensuring regulatory compliance and efficiency
  • Assess existing policies and processes for gaps and inefficiencies, driving continuous improvement and alignment with regulatory requirements, industry best practices and Canadian Commercial Banking's strategic priorities
  • Communicate, train and support business line staff on updates or new requirements arising from completed initiatives.


Portfolio Risk Management:
  • Oversee, monitor, and report on Canadian Commercial Banking's portfolio credit risk, identifying trends and potential areas of concern
  • Develop and deliver timely reports for executive leadership, including early warning reports, portfolio trend analysis and industry review summaries
  • Develop ad hoc reports as requested by Canadian Commercial Banking's Executive leadership
  • CCB champion for industry reviews including strategy and portfolio limits recommendations and profitability analysis
  • Perform reasonability tests to ensure accuracy and credibility of data used to support decision-making and administration of portfolio management.


Lending Programs:
  • Collaborate with key stakeholders to define business requirements
  • Develop, obtain requisite approvals and implement Lending programs aligned with Canadian Commercial Banking's strategic goals and risk appetite
  • Monitor Lending program performance and make enhancements based on data analysis and feedback
  • Manage Government lending programs including assignment, internal and external inquiries and monthly reporting.


Projects:
  • Design, deliver and implement projects or new initiatives to contribute to credit and operational effectiveness of Canadian Commercial Banking
  • Serve as the business line expert on credit and loan system upgrades, ensuring business requirements are accurately captured
  • Participate in project teams initiated by other departments which will have an impact on Canadian Commercial Banking.


Other:
  • Champion a high-performance environment and contributes to an inclusive work environment
  • Actively pursue effective and efficient operations of his/her respective areas in accordance with Scotiabank's Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk.


Education / Experience / Other Information:
  • Undergraduate degree required in Finance, Business Administration, Commerce, Economics. Master's degree (MBA or related discipline) or relevant professional certification (e.g., CRC, FRM, CFA) is preferred
  • Minimum of 7 years' experience in credit risk management, commercial lending, or portfolio oversight in a financial services environment
  • Demonstrated experience with policy development, process improvement, and regulatory compliance
  • Excellent communication (oral and written), strategic influencing and stakeholder management abilities
  • Strong analytical, investigative, and problem-solving skills
  • Ability to work under tight deadlines with competing demands and priorities
  • High proficiency in MS Office products.


Key Behavioural Competencies:
  • Accuracy & Thoroughness
  • Analytical Thinking
  • Communication
  • Customer Focus
  • Flexibility
  • Influence
  • Innovation
  • Relationship-Building
  • Results Focus
  • Strategic Thinking
  • Team Focus


Working Conditions:
  • Works in a standard office environment
  • Ability to work non-standard hours, as per business need


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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