Title:  Senior Manager, Credit Risk Reporting

Requisition ID: 247704

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

Purpose:

Provisions for Credit Losses are one of the most scrutinized expense items on the Bank’s income statement.  Accurate, timely and relevant information on loan provisions and on the quality of the loan portfolio is critical to the success of the Bank.

The primary responsibilities of the “Senior Manager Credit Risk Reporting” include the management of the aggregation, coordination, analysis and reporting, timely and accurate of the impaired loans data for Executive, Financial and Regulatory reporting.

The Senior Manager liaises with Finance, Investor Relations (IR) and other parts of Global Provisions Team to gather, analyze and review provision data and review/prepare/enhance management committee materials. The ideal candidate also expects to enhance the reporting framework and identify opportunities for improvements.

Senior Manager supports the Director in deep dive analysis related to provisions and other ad-hoc analysis as requested by Senior Management.

In addition to the core responsibilities, the senior manager will also assist in the coordination of audit and SOX related issues for Global Credit Provisions team

Accountabilities:

Key accountabilities of the Senior Manager Credit Risk Reporting, Problem Loans include:

• Lead and drive a customer focused culture throughout the team to especially enhance relationships and ongoing communication within the bank on ACL/PCL.

• Oversees the consolidation, analysis and reporting of the forecasts and actuals provisions for senior executives, in a timely and effective manner. Provide analysis of the material changes in bps and nationals.

• Manages the preparation and verification of provisions data for board (ERM) and external distribution through the Bank’s quarterly and annual reports;

• Collaborate with internal stakeholders such as Internal Ratings Management, Enterprise Stress Testing, Information Technology & Systems (IT&S), local Credit and Finance teams, and Enterprise Risk Management in maintaining and enhancing the IFRS 9 end-to-end process, which includes project planning, data reconciliation, model implementation, control process, governance and reporting.

• Effectively coordinates the deep dive analysis and responds to ad hoc provisioning information requested by Senior Management.

• Oversees the impaired loans data input process, coordinates the reconciliation process between Business Lines Finance and GRM Credit Administrators.

• 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, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational risk, regulatory compliance risk, AML/ATF risk and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook and the Guidelines for Business Conduct.

• Manage internal and external audit relationship and effectively monitor the progress of issues raised by them with related stakeholders in the bank.

Education/Work Experience/Designations: 

• A minimum of 5 or more years of progressive, relevant and practical experience preferably with financial institutions in a Credit risk role or in a reporting role.
• The incumbent must have knowledge of the IFRS 9 accounting standard and enterprise risk management.

In particular, knowledge and experience in the following areas are essential:

• A graduate degree in accounting, business administration, mathematics, computer science or equivalent is preferred.
• Candidates should have a breadth of business experience in Banking, with five to more years in Credit Risk or Finance in a quarter end reporting role with solid understanding of IFRS9 provisions methodologies.
• Strong programming skills, SQL and Python are preferred.
• Experience with Power BI and other BI tools is preferred.
• Good knowledge of accounting and finance principles.
• Comfort and experience working in a project context and juggling multiple competing priorities
• Superior written and oral communication skills are required, as the incumbent will be required to communicate with Executives and other Stakeholders.
• Candidate must have the ability to work as a team player, and to work with extreme accuracy within tight deadlines.

Hybrid working environment. This is a high-profile position requiring a strong commitment due to tight deadlines, competing demands and priorities, long hours and heavy workload at peak periods (quarter end).

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.