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Purpose
Contributes to the overall success of the Credit Execution team in Singapore ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives. Ensures all activities conducted are in compliance with governing regulations, internal policies and procedures.
The Associate Director, Execution is responsible for contributing to the profitable growth and quality of the Bank’s Commercial & Corporate Credit portfolio by performing financial solutions - related activities for clients including risk analysis, deal structuring, pricing, negotiation and presentation on highly complex deals in concert with the Origination Team. The incumbent interfaces directly with clients at times, in partnership with the Origination team. As well, the Associate Director, Execution liaises with Global Risk Management (GRM) through the credit decision-making process.
Accountabilities
- Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
- Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
- Actively pursues effective and efficient operations of his/her respective areas in accordance with Scotiabank’s Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk.
- Champions a high-performance environment and contributes to an inclusive work environment.
Specific Accountabilities for Credit Execution
- Contributes to the profitable development of Corporate Banking business by:
- Ensuring the timely analysis, structure and presentation of credit / financial solutions proposals within prescribed segment;
- Providing prompt and sound recommendations in the analysis and adjudication of credit proposals;
- Ensuring that writings to the Origination teams clearly convey the rationale for decisions, so that they may respond effectively to clients;
- Approving or recommending pricing for loans and credit-related fees which yield a return commensurate with risk and due regard to profit, administration and competitive considerations;
- Recommending alternative terms, conditions and covenants to provide a viable banking proposal to the client within sound credit lending practices;
- Restructuring marginal proposals into bankable deals where possible;
- Ensures the accurate communication of the terms and conditions of an authorization and supervises the effective and timely implementation of same by:
- Writing or reviewing all written authorizations to ensure accuracy, completeness and clarity.
- Ensuring prompt follow-up for acceptance of the authorization and reacting swiftly to any problems, amendments, extensions, reporting to senior management where necessary;
- Promptly and effectively addressing issues surrounding the adequacy, quality and completeness of loan documentation and security;
- Liaising to ensure any required changes to the Origination teams and follow-up for the accurate execution and delivery of same prior to disbursement of funds;
- Ensure the ongoing quality of the assigned credit portfolio through control and administration of the specific conditions and reporting requirements as specified in individual authorizations are adhered to by:
- Detailed evaluation of all information received, reporting deficiencies or any negative findings to senior management;
- Advising senior management of any credit weaknesses developing within individual accounts, by ongoing awareness and analysis of relevant financial, legal, political, technological, and industry information.
- Adhere to any regulatory and internal Bank policies and requirements;
- Maintaining adherence to the Bank’s Anti-Money Laundering program and Guidelines for Business Conduct, by reporting any unusual occurrences or fraudulent activities per established procedures.
- Safeguards the Bank’s assets and liabilities by:
- Maintaining adherence to the Guidelines for Business Conduct, by reporting any unusual occurrences or fraudulent activities as per established procedures.
- Adhere to Bank and Branch Security Procedures with respect to assigned Authorities and responsibilities
- Executes the Branch Compliance responsibilities as reflected in the Branch Services and Procedures Manual by:
- Apply the Know your Customer (KYC) requirements including Customer identity, source of funds and the nature and volume of activity that is to be undertaken.
- Review customer transactions (for those accounts assigned to you) to ensure activity is appropriate for the type of business and the initial projected volumes as stated at opening date of account and/or volumes updated from that time.
- Assist in obtaining additional information from customers concerning unusual activity identified on the Account Monitoring Reports /Source of Funds Declarations / LCTR’s / Daily Significant Transaction Reports.
- In conjunction with the Branch Compliance Officer assist in the preparation of Suspicious Activity Reports.
- Provide guidance and direction to branch staff, regarding AML/Compliance activities and initiatives that impact the commercial & corporate credit portfolio.
- Report any unusual occurrences or fraudulent activity to your Supervisor as soon as you become aware of it in conjunction with the Bank’s Anti-Money Laundering Guidelines.
Education / Experience / Other Information
- At least 8 years of experience in Credit Execution
- In-depth knowledge of
- Bank's lending policies, practices and procedures
- Awareness of business trends economic, technological, social, legal and political conditions and factors which could affect the viability of a credit
- Solid knowledge and understanding of financial statements and accounting prinicples and policies
- Highly organized, analytical and logical
- Sound analytical and effective communication (written & oral) skills
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