Title:  Senior Associate, Scotiabank Asset Finance, Toronto

Requisition ID: 262990

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.

Purpose

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.

The Senior Associate supports Associate Directors and the Market Vice President 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.

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 Associate Directors in:

• • 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.)
  • Using various platforms (Credit Lens, Precision Lender, internal Trend Cards) to analyze client’s financial performance, identify trends, and assess profitability
  • Assist in the completion of credit applications in collaboration with the Associate Directors
  • Participating in regular meetings with the Market Vice President to discuss portfolio performance (for the entire Scotiabank Asset Finance loan portfolio), with a focus on any negatively trending or watch list accounts
  • Identifying early warning signs of potential problem accounts and collaborating with peers, as applicable, including the Market Vice President on account management and strategy to minimize losses
  • Meeting with Associate Directors and clients periodically to ensure a comprehensive understanding of their businesses and credit needs
  • Coordinating with Collateral Analysts where needed to ensure client first service
  • 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:

• • 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.

 Reporting Relationship: reports to the Market Vice President

Education/Experience/Other Information (include only those that are specific to the role):

• 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
• Business/Accounting/Finance degree required; MBA, CA or CFA considered an asset
• Knowledge of the functionalities of Asset-Based Lending systems an asset (ie. Stucky)
• Prior experience in ABL field audit or collateral analysis considered an asset

Working Conditions:

• Work in a standard office-based environment; non-standard hours are a common occurrence.
• Limited travel locally may apply.

Location(s): Canada : Ontario : Toronto

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.