Scotiabank

Senior Manager

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

Qualifications

  • Post-Secondary Degree in Business or related; MBA, CFA or CPA designation desirable.
  • 3-5 years of credit risk experience, ideally in corporate settings.
  • Strong analytical skills with a solid understanding of financial statements and cash flow analysis.
  • Excellent written and verbal communication abilities.
  • Proven organizational skills to handle multiple priorities in a fast-paced environment.
  • Spanish language proficiency and knowledge of the mining industry are advantageous.
  • Proficient in Microsoft Office applications, especially Excel, Word, and PowerPoint.

Responsibilities

  • Manage credit adjudication activities for a diverse portfolio of mining corporate customers.
  • Perform in-depth credit analysis and promptly adjudicate credit applications.
  • Collaborate with Banking partners to identify and address key credit risks.
  • Provide independent recommendations within the Bank's risk appetite and adherence to policies.
  • Review and analyze incoming credit documentation and exception terms, making recommendations as needed.
  • Monitor client lending practices and identify trends impacting account quality.
  • Leverage data analytics for risk indicators and support credit decision-making.

Benefits

  • Opportunity to join a forward-thinking and collaborative team.
  • Diverse professional development opportunities.
  • Internal development programs for skill enhancement.
  • A competitive compensation and benefits package.
  • Commitment to community engagement.
  • Inclusive work environment that fosters creativity and celebrates success.
Full Job Description
Requisition ID: 273249

As the Senior Manager, Global Risk Management Corporate Credit Central - Mining, you will:

Manage credit adjudication activities for a portfolio of corporate customers within the Mining sector, with exposure to significant deal flow that is diverse in terms of geography, subsectors, structures and risks.
In collaboration with Banking partners, 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.
Reporting to the Director, ensure 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.

Is this role right for you? In this role, you will:
  • Perform credit analysis and adjudicate on a portfolio of mining accounts globally 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.
  • Through high level of collaboration with Banking partners, 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.
  • Provide prompt and timely adjudication of credit applications, ensuring 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.
  • 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 industry developments and news, assessment of financial reporting packages, and discussions with Banking officers.
  • Review documentation / exception terms, as applicable, make independent recommendations, escalate adjudication to the appropriate level.
  • Ensure credit requests are accurately captured in the Bank's systems, with periodic review and confirmation of data for reporting purposes.
  • Support the preparation of industry / subsector analysis and lending guideline policy reviews for submission to senior executives including preparation of annual Industry Reports.
  • Play an integral role in the client relationship experience, actively providing feedback on deals, 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.
  • Leverage data analytics and portfolio management tools to identify trends, monitor risk indicators and support credit decision-making.
  • 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 you'll bring:
  • Post-Secondary Degree in Business or related. MBA, CFA or CPA designation an asset.
  • Solid knowledge of credit risk, with previous credit risk experience preferably in corporate (minimum 3-5 years). Understanding of financial statements and cash flow analysis with strong analytical ability.
  • 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.
  • Spanish language proficiency and knowledge of the mining sector is an asset.
  • 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.
  • 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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