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Title:  Senior Manager, Risk Management Quebec - Roynat (1 year contract)

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Requisition ID: 94092

Roynat Capital, a wholly owned subsidiary of Scotiabank, is a national lender and investor with expertise in providing innovative long-term capital solutions for mid-sized companies utilizing senior term, subordinated debt, as well as mezzanine capital and common share equity. We provide tailored solutions to clients for acquisitions, business expansions, wealth monetization, and working capital enhancement. With a national presence in Canada in major markets, Roynat assists growth-oriented companies in reaching their goals across a wide range of industries.

General Accountability

 

The Senior Manager Risk Management works closely with the Director Risk Management. There will be a significant level involvement with both Roynat’s core and non-core lending and investing activities.

 

The Senior Manager Risk Management is responsible for contributing to the profitable growth and quality of the credit portfolio as assigned. He/she has responsibility adjudicate on credits within the Credit Authority Levels established for company policy and recommends credits in excess of his/her limits. The Senior Manager Risk Management provides strong direction to the District Offices in terms of management of risk through regular monitoring and reporting, and he/she is expected to provide or recommend corrective action on problem accounts, as appropriate.

 

 

Reporting Relationship

 

Director Risk Management

 

 

Specific Accountabilities

 

1.        Contribute to the profitable growth and quality of Roynat’s portfolio by:

 

•        ensuring loan losses and portfolio profile are managed within prescribed limits;

 

•        authorizing/declining applications for credit proposals within established criteria including:

i.        Term credits

ii.        Subordinated Debt Credits

iii.        Recommendation of equity investments as required

 

•        providing guidance and counsel to District offices on quality of submission, analysis, presentation;

 

•        recommending credits/investments in excess of limits to Senior Credit Committee;

 

•        providing strong direction to District Offices in terms of management of risk and maximization of equity gains through regular reporting and monitoring;

 

•        providing/recommending action on problem accounts.

 

 

2.        Providing high quality support on credit proposals by:

 

•        analyzing and providing recommendations on applications that meet criteria;

 

•        assisting field staff in structuring proposals to meet client’s and Roynat’s objectives;

 

•        closely monitoring Roynat’s portfolio;

 

•        proactively bringing forward recommendations for problem accounts;

 

•        recommending sound strategies to maximize exit values.

 

 

3.        Develop and maintain sound credit management practices by:

 

•        ensuring thorough investigations and accurate analysis of proposals are completed;

 

•        ensuring the preparation of comprehensive credit presentations;

 

•        ensuring all accounts are being monitored for conformity to guidelines, terms and conditions, and arrears and problems are effectively controlled;

 

•        ensuring knowledge of mezzanine/equity is consistently updated and increased to provide greater support to the District Offices;

 

•        completing courses and attending seminars to ensure general knowledge of equity markets, industry trends, etc is maintained and up-to-date.

 

•        Participating and/or providing ‘in-house’ coaching on credit administration and credit  presentations and  providing direction to staff

 

•        other duties as assigned.

 

 

Complexity of Position/Knowledge Required

 

This is a mid level management position within the Risk Management Group.  Ideally, the position requires an individual with an undergraduate university degree in commerce, business administration, finance, or accounting, together with a minimum of five years of related business financing, corporate finance, merchant banking, or direct business experience.  A graduate or professional degree would be a significant enhancement.

 

The incumbent requires a thorough knowledge of credit and administration policies and procedures.  Excellent initial assessment, credit and administrative skills are a must.  The individual is a leader with a high degree of technical expertise and has the ability to analyze proposals and make sound decisions in managing a portfolio of loans and investments.  The individual is required to make/recommend credit/investment decisions, as necessary, in accordance with Roynat’s Credit Risk Policies Authorizing Levels as set out from time to time.

 

The Senior Manager must have a broad knowledge of the businesses and industries in which clients and prospects operate and in which he/she is required to make credit/investment decisions.  A comprehensive understanding of legal, tax, environmental, and bankruptcy and insolvency legislation is also required.

 

Finally, the individual must have excellent communication skills in order to interact effectively with a broad range of business contacts and professionals.

 

Key Requirements:

 

•        Extensive knowledge of complex deal structures, financing products and services

•        Good experience in risk assessment and financial analysis

•        Awareness of differing regional tax, legal structures

•        Provide leadership to all District Office staff in due diligence, assessment, structuring, training and administrative responsibilities.

•        Computer literacy especially in the use of monitoring systems to assist in the administration of loan and investment portfolio.

•        Demonstrated skills in problem solving, structuring and pricing credits, and managing and collecting problem accounts.

Location(s): Canada : Quebec : Montreal

We value the unique skills and experiences each individual brings to the bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. Candidates selected for an interview will be contacted directly. If you require accommodation during the recruitment and selection process, please let us know. We will work with you to provide as seamless a recruitment experience as possible.


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