Scotiabank

Senior Manager, Origination Lending Risk Strategies -Tangerine Bank

Scotiabank • $100K — $130K *
Toronto, ON M3C 0E3In-Person
Finance & Insurance
5 - 7 years of experience
Reposted 2 days ago
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Job Overview by Ladders

Qualifications

  • Minimum 5 years in risk/portfolio management within a financial institution.
  • Strong knowledge of SAS, SQL, or similar statistical software.
  • Experience in unsecured lending (credit cards, lines of credit) highly preferred.
  • Proficient in project management and detail-oriented.
  • Excellent communication and relationship management skills; can influence without authority.
  • Self-starter with strong ability to drive results and manage priorities.
  • Bachelor's degree or higher in business, statistics, economics, mathematics, or related field.

Responsibilities

  • Develop and implement credit risk strategies and procedures for unsecured lending.
  • Ensure compliance with internal model risk management standards and regulatory guidelines.
  • Innovate existing strategies using credit bureau and non-traditional data.
  • Conduct independent analysis and deliver actionable business intelligence.
  • Track early-warning indicators to monitor changes in credit quality and performance trends.
  • Profile clients to enhance segmentation analysis and the nature of their relationships.
  • Evaluate and recommend changes to ensure risk strategies are within the bank's risk appetite.

Benefits

  • Commitment to creating an inclusive and accessible environment.
  • Opportunity to work on impactful projects within the financial sector.
  • Engagement in continuous innovation within credit risk management.
  • Use of advanced analytics tools and methodologies.
  • Collaboration across various levels and departments in the organization.
Full Job Description
Requisition ID: 263076

The mandate of this role is to lead the development of credit risk strategies, policies and procedures for the new originations for unsecured lending products (credit cards, unsecured line of credit, overdrafts, etc.) to optimize risk/return for Tangerine in Global Risk Management.

Job Responsibilities:

Develop Credit Risk Strategies:
  • Develop and implement credit risk strategies, policies and procedures for Unsecured Lending portfolios using analytics, empirical decision models and competitive analysis.
  • Ensure all credit risk strategies, models, and policy changes comply with internal model risk management standards, validation requirements, and applicable regulatory guidelines (e.g., OSFI expectations).
  • Leverage champion/challenger capabilities and incorporate credit bureau, other third-party data, and non-traditional data to innovate for continuous improvements to existing strategies.
  • Independently conduct analysis, including data query and data manipulation using advanced tools, translation of numbers into actionable insights, and delivery of business intelligence using effective data storytelling techniques.
  • Conduct analysis to identify change in credit quality, exceptions, client behavior and performance trends. Develop and track early-warning indicators to identify population shifts.
  • Examine the nature and depth of client's relationship across lending and non-lending products to strengthen and develop client profiling tools and client segmentation analysis.
  • Monitor, assess and evaluate existing risk strategies to identify opportunities, system/process deficiencies and recommend changes to ensure the Bank does not take on more credit risk than planned; including a forward-looking assessment to ensure it is within risk appetite.
  • Demonstrate initiative to automate and simplify tasks to set risk thresholds to measure and control risks using technical or analytical skills.
  • Promote best practices, leverage appropriate analytical tools, and provide governance to all strategy development, deployment and policy enhancements.


Support Business Line Initiatives/Projects:

  • Participate in projects for Credit Cards and Unsecured Lending programs. This includes the review of business cases, risk proposals, requirements document, etc.
  • Be a "change agent" and proactively identify areas where new/enhanced policies or procedures need to be implemented to improve productivity and performance within risk appetite and recommend/implement appropriate changes.
  • Use superb communication skills to be a liaison with appropriate groups throughout the Bank, across all stages of the credit lifecycle, and among various levels of leadership.
  • Prepare for and host credit risk strategic meetings, derisking initiatives, portfolio review meetings, and other
  • Maintain a current, in-depth knowledge, relative to assigned products, of the Bank's operating procedures and systems, by delivery channel/centralized unit (e.g. digital, call center etc.).
  • Demonstrate initiative to automate and simplify tasks to set risk thresholds to measure and control risks using technical or analytical skills.
  • Conduct other activities at the request of Unsecured Lending's leadership.


Job Requirements:

  • A minimum of 5 years with an financial institution in the risk/portfolio management field, with rigorous logical thinking and solid understanding of credit principles. Prior experience in unsecured lending (credit cards, lines of credit) is strongly preferred.
  • Strong hands-on knowledge in the use of SAS, SQL or similar statistical software including the ability to apply advanced statistical techniques to extract, analyze and manage data. Ability to translate data into actionable insights using strong data storytelling skills.
  • Project management and attention to detail to prioritize, manage and implement a variety of competing initiatives.
  • Strong communication, collaboration and relationship management skills; ability to lead without authority and influence senior leaders.
  • Proven ability to independently drive results with a self-starter mindset. Can manage multiple priorities effectively.
  • Knowledge of credit scoring and risk assessment as well as portfolio management and behaviour scoring to maximize the effectiveness of existing technology in providing competitive and effective policies that respond to the credit needs of our customers.
  • Bachelor's degree or higher in business, statistics, economics, mathematics, management science or analytics.


Location(s): Canada : Ontario : Toronto

At Tangerine we value the unique skills and experiences each individual brings to the team, and are committed to creating and maintaining an inclusive and accessible environment. If you require accommodation during the recruitment and selection process, please let our Recruitment team know.

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.

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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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