Scotiabank

Senior Manager, Originations Risk Management

Scotiabank • $110K — $130K *
Toronto, ON M3C 0E3In-Person
Finance & Insurance
5 - 7 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Bachelor's degree or higher in business, statistics, economics, mathematics, management science, or analytics; advanced degrees are an asset.
  • Minimum 5 years in risk/portfolio management within a financial institution, especially in unsecured lending.
  • Strong data analytics skills with experience in data-driven decision making and storytelling.
  • Proficient with tools like SAS, SQL, R, Python, Tableau, or Power BI.
  • At least 5 years of people management experience, with demonstrated project management capabilities.
  • Exceptional communication skills, both written and verbal, with strong judgment.
  • Solid understanding of credit scoring and risk assessment methodologies.

Responsibilities

  • Lead the development of credit risk strategies and policies for new account originations.
  • Enhance credit risk policies using analytics and competitive analysis.
  • Monitor and report on application credit quality and emerging portfolio risks.
  • Automate adjudication processes using technical and analytical skills.
  • Participate in initiatives for credit products and act as a liaison with multiple teams.
  • Review and assess alignment of business cases with risk appetite.
  • Proactively identify opportunities to improve origination processes and customer experience.

Benefits

  • Opportunity to join a forward-thinking company with a collaborative team.
  • Diverse opportunities for professional development and internal growth.
  • Support for employee growth through internal development programs.
  • Comprehensive compensation and benefits package offered.
  • Commitment to community involvement and positive impact.
  • Inclusive and collaborative environment that fosters creativity and celebrates success.
Full Job Description
Requisition ID: 268771

As a Senior Manager, Originations Risk Management you will be leading the development of credit risk strategies, policies, and procedures for new account originations for Unsecured Lending products (Credit Cards, Unsecured Lines of Credit, Overdraft Protection, etc.) to optimize risk-adjusted returns for Canadian Banking within Global Risk Management.

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

  • Enhance and implement credit risk strategies and policies by leveraging champion/challenger capabilities and incorporate third-party data including non-traditional data, and procedures for new account originations using analytics, empirical decision models, and competitive analysis.
  • Provide portfolio analytics, monitoring, and reporting: Monitor application credit quality, approval rates, total bank exposure, early delinquency, exceptions, origination trends, and emerging portfolio risks; conduct independent analysis using advanced data querying and manipulation tools; translate findings into actionable insights through effective data storytelling; and produce monthly, quarterly, and ad hoc reporting to support leadership oversight and early-warning risk monitoring.
  • Examine customer relationships across lending and non-lending products to strengthen applicant segmentation and risk differentiation.
  • Demonstrate initiative to automate and simplify adjudication rules, thresholds, and monitoring processes using technical, analytical skills and industry best practices.
  • Participate in Credit Cards and Unsecured Lending initiatives related to front-book growth, new products, channels, or customer journeys and act as a key liaison across Risk, Product, Originations, Fraud, Technology, and Operations teams throughout the credit lifecycle
  • Review and challenge business cases, risk proposals, and requirements documents to ensure alignment with risk appetite and sound credit principles.
  • Act as a change agent by proactively identifying opportunities to enhance origination policies, controls, and processes to improve performance and customer experience.
  • Support investigations and solutioning for OSFI findings and/or Internal Audit items in an appropriate and acceptable timeframe.
  • Liaise with the Fraud Department and Security and Investigations as required.
  • Leverage data from Scotiabank Economics, Risk Analytics, Credit bureau insights, and the Canadian Bankers Association to assess competitor performance, employment trends, and potential headwinds.
  • Influence stakeholders across multiple levels of the organization and vendors, including senior leadership, through clear, data-driven insights and recommendations.
  • Communicate complex analytical concepts in a concise, executive-ready manner. Utilize excellent data storytelling skills to present senior leadership with impactful analysis and advisory.


Do you have the skills that will enable you to succeed in this role?

  • Bachelor's degree or higher in business, statistics, economics, mathematics, management science, or analytics. Advanced degree or designations (MBA, CFA or FRM) an asset.
  • A minimum of 5 years with a 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).
  • Strong hands-on data analytic and logical thinking ability, with a track record of data-driven decision making. Ability to translate data into actionable insights using strong data storytelling skills.
  • Working knowledge of at least one of the data analytics tools, such as SAS, SQL, R, Python and reporting tools such as Tableau, Power BI.
  • At least 5 years of people management experience with strong project management and leadership skills to prioritize, manage and implement a variety of competing initiatives, on a concurrent or staggered basis.
  • Excellent communication and written skills complemented with solid deductive reasoning, sound judgement and data storytelling.
  • Strong executive presence and the ability to adjust communication style based on the audience.
  • Knowledge of credit scoring, risk assessment, portfolio management, and behaviour scoring.


What's in it for you?

  • The opportunity to join a forward-thinking company surrounded by a collaborative team of innovative thinkers.
  • A rewarding career path with diverse opportunities for professional development.
  • Internal development to support your growth and enhance your skills.
  • A competitive compensation and benefits package.
  • An organization committed to making a difference in our communities- for you and our customers.
  • We have an inclusive and collaborative working environment that encourages creativity, curiosity, and celebrates success!


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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