Title:  Manager, Credit Risk

Requisition ID: 253837 

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

The Manager Credit Risk contributes to the overall success of the GRM globally ensuring accountabilities, goals, plans, initiatives are executed / delivered in support of the team’s strategies and objectives. They will also ensure all activities conducted are within the Bank’s risk appetite, and in compliance with governing regulations, internal policies & procedures.

Is this role right for you?  In this role, you will:

• Champion a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
• Maintain a healthy partnership with business line counterparts. ·
• Contribute to the profitable and safety growth of a loan portfolio comprising Corporate and Commercial accounts within assigned portfolios.
• Review pertinent financial and industry information and perform in depth risk assessment of incoming credit applications:
  • Develop industry & regional expertise and ensure the ongoing quality of the credit portfolio through the review of publications, the assessment of monthly/quarterly financial reporting packages, and discussions with the applicable banking officers.
  • Ensure appropriate analysis, use of models and assignment of Borrower and Guarantor risk ratings in compliance with Bank guidelines and policy.
  • Anticipate risks that could lead to deterioration of the portfolio and/or Bank’s position with a customer, recommending appropriate courses of action.
  • Identify risk mitigation opportunities and develop/maintain portfolio reports that support this function.
  • Provide credit authorizations that clearly communicate the terms and conditions of the adjudication.
  • Ensure appropriate documentation is on file to support adjudiation risk ratings decisions.
• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Actively pursue 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.
• Champion a high-performance environment and contributes to an inclusive work environment.

Do you have the skills that will enable you to succeed? We’d love to work with you if you have experience with:

• Bilingual in Spanish and English is required
• MBA and/or Finance-related professional designations (e.g. CPA, CFA, etc) are assets.
• Experience in credit analysis in Corporate and/or Commercial Banking or Credit roles, including but not limited to: understanding of credit structures and protections, credit documentation, and financial projections.
• Curiosity, ability to learn and to apply newly acquired knowledge to daily tasks
• Time management and organizational skills to manage multiple (often shifting) priorities in a fast-paced environment.
• Sound oral and written communication skills to elaborate and support credit decisions before internal stakeholders (e.g. Global Risk Management and Banking counterparts).
• Negotiation and problem-resolution skills to reach agreements with business line partners.

What's in it for you?

• In-depth training to prepare you for the role, as well as ongoing coaching and feedback to help you succeed!
• You'll be part of a diverse, collaborative, innovative, and high-performing team
• We offer a competitive rewards package:
• Performance bonus, Employee Share Ownership Program, and Pension Plan Matching
• Health Benefits from day one!
• You will relish work-life balance, team events, and opportunities to participate in the community.
• Your career matters!  You will have access to career development and progression opportunities.

Location(s):  Canada : Ontario : Toronto 

Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.  

At Scotiabank, 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. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our  Recruitment team know. If you require technical assistance, please click here. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.