Scotiabank

Senior Manager, Wealth Credit Structuring

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 in Finance, Economics, Business, or related field; MBA or advanced degree preferred.
  • 5+ years of experience in credit policy, credit risk, and lending operations within private banking.
  • Strong knowledge of credit policy, risk appetite frameworks, and collateral management.
  • Understanding of ultra-high-net-worth (UHNW) and high-net-worth (HNW) client needs in credit structuring.
  • Excellent communication and stakeholder management skills, capable of influencing at all levels.
  • Analytical mindset with proficiency in credit analytics and performance tracking.

Responsibilities

  • Lead development and execution of recovery strategies for complex Private Banking accounts.
  • Serve as primary contact for Private Banking and external advisors on high-risk files.
  • Contribute insights on portfolio trends and opportunities for early intervention.
  • Assist in quarterly risk assessments and provisioning reviews for assigned accounts.
  • Navigate credit submissions through the adjudication process, articulating risks and mitigation strategies.
  • Ensure compliance with Bank policies, regulatory standards, and audit expectations.
  • Identify process improvement opportunities and collaborate with Banking and Credit partners.

Benefits

  • Collaborative work environment promoting accountability and continuous improvement.
  • Opportunities for professional development and capability building in credit policy and risk management.
  • Engagement with diverse teams across various functions, enhancing cross-functional skills.
  • Access to resources and support for navigating complex credit scenarios.
Full Job Description
Requisition ID: 275133

Purpose

The Senior Manager, Wealth Credit Structuring supports the National Director, Wealth Credit Structuring in the management and resolution of problem loan accounts domiciled to Private Banking.

The role acts as a key escalation point for emerging problem loans, delivering strategic guidance and advanced recovery strategies while supporting effective advice and guidance to private banking peers of accounts requiring heightened intervention.

Serves as a subject matter expert and trusted partner to Private Banking, GRM, and Global Wealth leadership.
The role also works across Credit Risk, Credit Structuring, Relationship Management, Operations, Technology, Legal, and Compliance teams to assist with credit policy, improve credit delivery, enhance productivity and strengthen governance to support capital retention and protection.

What you will be doing:

  • Lead the development and execution of recovery and resolution strategies for higher risk and more complex Private Banking accounts.
  • Serve as a primary point of contact for Private Banking , Credit , and external advisors on higher risk files.
  • Contribute insight on portfolio trends, emerging risks, and opportunities for earlier intervention.
  • Assist and review quarterly risk assessments and provisioning reviews on assigned accounts.
  • Navigate credit submissions through the adjudication process, ensuring risks and mitigation strategies are clearly articulated.
  • Ensure adherence to Bank policies, regulatory standards, and audit expectations.
  • Identify opportunities for process improvement, training, and post mortem learnings in collaboration with Banking and Credit partners.
    Account Management
  • Actively assist and manage resolution timelines and recovery outcomes to minimize losses and reputational risk.
  • Ensure accurate and timely credit documentation, system updates, and reporting.
  • Assist with development, maintenance , and updating of Private Banking credit policies, procedures, and guidelines in alignment with enterprise credit frameworks and risk appetite.
  • Provide subject-matter expertise on recovery policies, collateral frameworks and provisioning for credit losses.
  • Work on initiatives to improve and monitor capital measurement and Private Banking's capital allocation .
  • Embed risk appetite, internal controls, and regulatory requirements into credit policies, processes and tools.
  • Partner with Risk, Legal, Compliance, and Audit teams to support first-line risk management, issue resolution, and audit responses.
  • Maintain strong documentation standards to support governance, transparency, and regulatory scrutiny.
  • Work with Risk, Operations, Technology, Product, frontline teams and credit support teams to ensure solutions are practical and business-aligned.
  • Communicate changes clearly and effectively to stakeholders, reinforcing consistent adoption and feedback loops.
  • Monitor macroeconomic and regulatory trends impacting private banking credit portfolios.
  • Work with other business lines and credit approvers to provide insights and trends data.
  • Provide coaching, guidance, and functional leadership to individual and group contributors supporting credit policy and process initiatives (where applicable).
  • Promote a culture of collaboration, accountability, inclusion and continuous improvement.
  • Support capability building in credit policy interpretation, policy and process design, risk awareness, and change delivery.


Do you have the skills to enable you to be successful in this role? We would love to work with you if you have:

  • Bachelor's degree in Finance, Economics, Business, or related field. MBA, professional designation or advanced degree considered an asset.
  • 5+ years of experience in credit policy, credit risk, lending operations, private banking credit environments, workouts and restructuring.
  • Strong knowledge of credit policy, risk appetite frameworks, collateral management, regulatory considerations.
  • Understanding of UHNW/HNW client needs and complex credit structuring in a private banking or wealth management context.
  • Strong communication and stakeholder-management skills, with the ability to influence and collaborate at all levels.
  • Analytical and data-driven, with proficiency in credit analytics and performance tracking.


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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