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Title:  Portfolio Associate, Scotiabank Asset Finance, Canadian Business Banking

 

 

 

Requisition ID: 167571

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

 

Portfolio Associate, Scotiabank Asset Finance, Canadian Business Banking

 

Purpose

 

The Portfolio Associate supports Senior Relationship Managers and the Director & Portfolio Manager in managing the day-to-day activities and maintenance of the Scotiabank Asset Finance loan portfolio, applying sound credit judgment while assisting with the management and administration of accounts.

 

This role contributes to the overall success of the Scotiabank Asset Finance in Canada ensuring both specific individual and team goals, plans, initiatives are executed/delivered in support of the overall business strategies and objectives; ensures all activities conducted are in compliance with governing regulations, internal policies, and procedures. 


Accountabilities:

 

•    Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems, and knowledge.


•    Ensures the ongoing quality and profitable development of the Scotiabank Asset Finance credit portfolio by assisting Senior Relationship Managers in:


o    Administration of their respective borrowing accounts (ie. participating in client calls or meetings, assisting in analysis of collateral and financial information, assisting with problem/highly sensitive accounts, completion of annual and interim reviews, etc.)
o    Using various platforms (Credit Lens, Precision Lender, internal Trend Cards) to analyze client’s financial performance, identify trends, and assess profitability
o    Assist in the completion of credit applications in collaboration with the Senior Relationship Managers
o    Participating in regular meetings with the Director & Portfolio Manager to discuss portfolio performance (for the entire Scotiabank Asset Finance loan portfolio), with a focus on any negatively trending or watch list accounts
o    Identifying early warning signs of potential problem accounts and collaborating with peers, as applicable, including the Director & Portfolio Manager on account management and strategy to minimize losses 
o    Meeting with Senior Relationship Managers and clients periodically to ensure a comprehensive understanding of their businesses and credit needs
o    Coordinating with Collateral Analysts where needed to ensure client first service
o    Assists with the scheduling and initial review of field audits and appraisals


•    Contributes to the ongoing development of credit policies and procedures and the strategic direction of Scotiabank Asset Finance by:


o    Ensuring Scotiabank Asset Finance adheres to any regulatory and internal Bank policies including compliance requirements, such as Reputational and Suitability Risk, as well as the unit’s approved monitoring and control procedures


•    Understand how the Bank’s risk appetite and risk culture is 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.


Education/Experience/Other Information:

 

•    Post-secondary education - Business/Accounting/Finance degree required; MBA, CA or CFA considered an asset
•    Knowledge of the functionalities of Asset-Based Lending systems an asset (i.e., Stucky)
•    Prior experience in ABL field audit or collateral analysis considered an asset
•    Detail oriented with proven skills in financial analysis, risk assessment and problem solving
•    Superior communication (oral & written), negotiation and influencing skills to engage and influence stakeholders
•    Team-oriented personality, comfortable with client interface
•    Sound business judgment, as demonstrated through previous work experience
•    Organizational skills and ability to manage multiple tasks
•    Ability to provide a high level of customer service, prompt and timely responses to daily requests and credit applications are required
•    Ability to manage Ad hoc requests and unplanned operating issues and contribute to high demands
•    Ability to work non-standard hour as required
•    Ability to travel locally if required

 

#LI-Hybrid

 

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.


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