Scotiabank

Senior Manager

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

Qualifications

  • Post-secondary degree in Business or related field; MBA, CFA, or CPA preferred.
  • 3-5 years of credit risk experience.
  • Strong understanding of US Leveraged Lending policies and procedures.
  • Excellent analytical skills for financial statement and cash flow analysis.
  • Proficient in Microsoft Office Suite, especially Excel, Word, and PowerPoint.

Responsibilities

  • Analyze and adjudicate credit applications on complex portfolios, assessing financial and industry data.
  • Independently recommend credit decisions adhering to risk appetite and internal policies.
  • Provide insights on leveraged financing and escalate aged underwriting cases as needed.
  • Collaborate with Banking partners to identify and mitigate key risks in credit adjudication.
  • Ensure timely adjudication of credit requests and accurate system entries for decision-making.
  • Prepare annual industry reports and participate in discussions at Senior Credit Committees.
  • Maintain ongoing monitoring of portfolio risks and alert management on unfavorable trends.

Benefits

  • Opportunity to work in a forward-thinking, collaborative environment.
  • Career development opportunities with internal support.
  • Access to professional growth and skills enhancement.
  • Comprehensive benefits package alongside competitive compensation.
  • Commitment to community involvement and positive impact initiatives.
  • Inclusive workplace that fosters creativity and celebrates achievements.
Full Job Description
Requisition ID: 262883

As the Senior Manager / Manager in Global Risk Management - Corporate Credit Diversified, you will be responsible for managing credit adjudication activities for a portfolio of corporate customers spanning a wide range of industries (consumer and industrials in Canada and Europe, Private Equity transactions, Leveraged Finance structures etc.) with exposure to significant deal flow that is diverse in terms of structures and risks. Through collaboration with Banking partners, you will contribute to the sound asset growth and profits of the Bank by performing in-depth risk assessment, ensuring requests are properly analyzed and adjudicated in compliance with governing regulations, internal policies and procedures. Data validation and effective challenge result in sound and comprehensive recommendations to facilitate decisions within requested time frames (accelerated at times).

Reporting to a Director, you will be responsible for assigned portfolio ensuring credit adjudication, control activities and related processes are conducted within the Bank's risk appetite and policies, providing independent review and effective challenge to proposals from the Bank's first line for credit requests with continuous account & portfolio monitoring.

What you'll do in this role?
  • Perform credit analysis and adjudicate on a portfolio of accounts with complex structures through the review of pertinent financial and industry information on incoming credit applications.
  • Provide effective challenge, make independent recommendations within the Bank's risk appetite and in adherence to its policies/standards and procedures.
  • Demonstrate working knowledge on leveraged financing, capital structures and syndication arrangements; provide analysis on EBITDA adjustments/ effective challenge on projection assumptions and repayment capacity/ DAC models; escalate aged underwritings to ensure the bank's portfolio is aligned with its risk appetite; contribute to the framework and risk appetite statement while meeting industry and regulatory expectations.
  • Ensure credit requests are accurately captured in the Bank's systems.
  • Review documentation / exception terms, as applicable, make independent recommendations, escalate adjudication to the appropriate level.
  • High level of collaboration with Banking partners to ensure key risks are identified and addressed appropriately through the credit adjudication process, including with other stakeholders to achieve optimal effectiveness and efficiency in meeting client needs as well as operational and regulatory requirements.
  • Ensure prompt and timely adjudication of credit applications and ensure that all relevant information needed to make an informed credit recommendation has been presented.
  • Provide recommendations to senior executives, present and participate in discussions at Senior Credit Committees ensuring the Bank is adequately protected.
  • Undertake industry / subsector analysis and lending guideline policy reviews for submission to senior executives including preparation of annual Industry Reports for various coverage industries and as appropriate for various levels of approval. Act as SME for assigned industries/sectors.
  • Play an integral role in the client relationship experience, actively providing feedback on deals and assigned accounts, while maintaining control function responsibilities.
  • Alert credit portfolio management to unsatisfactory trends in lending practices, early identification of problem loans and ensure accuracy of risk ratings through identification of changes in account quality (via review of industry/economic trends and general news flow). Assess strategies and restructuring proposals for problem loan accounts or accounts of concern which require closer monitoring.
  • Develop a high degree of industry knowledge/expertise and ensure the ongoing quality of the credit portfolio through the review of industry publications, staying abreast with current financial news, assessment of financial reporting packages, and discussions with Banking officers.
  • Increasing use of data analytics to monitor and assess the portfolio, underlying trends, and application in credit adjudication.
  • Contribute to a culture grounded in prudent risk management, collaboration, continuous learning, inclusion and personal accountability. Actively conduct day-to-day activities in an effective and efficient manner, within the Guidelines for Business Conduct and Policies & Procedures.
  • Integrate guidance from Sr. Management and new policies into daily activities.
  • Mentor and coach as assigned.
  • Actively participate in strategic projects/initiatives as applicable.


What we're looking for?
  • Post-Secondary Degree in Business or related. MBA, CFA or CPA designation is an asset.
  • Self-motivated, results focused, team player with strong learning ability.
  • Strong written and verbal communication skills.
  • Proven time management and organization skills to manage multiple priorities in a fast-paced environment.
  • Knowledge of credit risk and US Leveraged Lending policies, products and processes.
  • Previous credit risk experience (3-5 years).
  • Understanding of financial statements and cash flow analysis with strong analytical ability.
  • Excellent computer skills (Excel, Word, Power Point)


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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