Scotiabank

Senior Manager, Risk

Scotiabank • $110K — $130K *
Montreal, QC H1A 0A1In-Person
Finance & Insurance
5 - 7 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Minimum 5 years in financial analysis or credit adjudication.
  • Post Secondary Education in business or related field.
  • Extensive experience in complex financial analysis.
  • In-depth knowledge of bank lending policies and risk assessment.
  • Proven credit judgment and portfolio administration ability.
  • Strong negotiation, communication, and problem-solving skills.
  • Advanced English language skills.

Responsibilities

  • Adjudicate and authorize credit requests within risk appetite.
  • Evaluate financial and non-financial client risks.
  • Timely monitor changes in client creditworthiness.
  • Understand economic and regulatory impacts on the portfolio.
  • Act as an advisor partner for Banking.
  • Collaborate with Banking to enhance client relationship experiences.
  • Validate critical data elements in credit systems for decision-making.
  • Proactively monitor assigned portfolio for early warning signs.
  • Ensure compliance metrics are met within the loan portfolio.
  • Support day-to-day business controls to mitigate operational risks.

Benefits

  • Inclusive and collaborative work environment that fosters creativity.
  • Competitive rewards package with performance bonuses and share ownership.
  • Health benefits available from day one.
  • Opportunities for career development and progression.
Full Job Description
Requisition ID: 270061

Ensure credit adjudication, control activities and related processes are conducted within a strong risk culture, focusing on emerging risks and within risk appetite. Provide an objective oversight and effective challenge, enable capital optimization, ensure ongoing monitoring, and partner with business lines to develop effective strategy.

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

Risk Assessment and Rating Assignment:
  • Adjudicate and/or authorize credit requests up to assigned limits; make sound recommendations within the Bank risk appetite and in adherence to our policy and standards.
  • Evaluate financial and non-financial risks for an accurate client risk profiling, and challenge banking strategies ensuring compliance with bank policies and regulatory requirements.
  • Risk assessment and rating assignment, timely monitoring changes in client's creditworthiness, and recommending adequate course of action.
  • Understand economic, political and regulatory framework and how it impacts the assigned portfolio. Recommending potential actions.
  • Act as an advisor partner for Banking.

Client Centric (internal/ external)
  • Play an integral role in the client relationship experience by collaborating effectively with Banking, providing feedback to ensure a cohesive and efficient client experience while managing risk effectively.
  • To ensure adjudication process is achieved within the established SLA parameters.

Documentation, Data and Reporting:
  • Validate GRM critical data elements in credit systems which feed capital and provisions.
  • Support innovation and digitize risk processes, improving accuracy of and speed of credit decisions and operational efficiencies.

Portfolio Management
  • Account Monitoring: proactive and ongoing monitoring of Early Warning Signs and sectorial/market trends, to ensure timely actions on assigned portfolio.
  • Work with Banking to ensure adherence to all compliance metrics of the loan portfolio is managed effectively within defined KPI.

Keeping the Bank Safe
  • Supports effective and efficient operations of his/her respective areas, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational risk, regulatory compliance risk, AML/ATF risk and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook and the Guidelines for Business Conduct.


  • Team Management: Exemplify a culture of risk awareness and accountability, supporting a client centric culture, provide coaching and an attractive value proposition for talent.

Do you have the skills that will enable you to succeed? We'd love to work with you if you have:
  • Minimum of 5 years of experience in financial analysis or credit adjudication.
  • Minimum Post Secondary Education completed in business or related area.
  • Extensive experience in complex financial analysis.
  • Good understanding of Bank lending policies and procedures, financial analysis, risk assessment techniques, credit structuring, collateral and security documentation and registration, collection, related legislation and accounting practices.
  • Proven credit judgment.
  • Proven ability in administering a Commercial credit portfolio.
  • Strong negotiation and problem resolution skills.
  • Strong communication skills, written and verbal, in order to produce informative, concise and professional credit replies, presentations and correspondence.
  • Strong organizational skills and the ability to prioritize work effectively and efficiently.
  • Strong coaching and counseling skills.
  • Language Skills: English - advanced


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.


In addition to French, the successful candidate must also have sufficient knowledge of English, as the work involves interacting and collaborating regularly with groups and individuals based in Toronto, as well as constantly interacting with other people, including clients, who speak English, locally and elsewhere.

Location(s): Canada : Quebec : Montreal

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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