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Senior Manager, Wealth Management Credit Risk- Calgary/Vancouver

Date: Jan 11, 2019

Location: Calgary, AB, CA

Company: Scotiabank

 

 

Requisition ID: 47792

 

Join the Global Community of Scotiabankers to help customers become better off.

Job Purpose

 

  • The Senior Manager, Wealth Management Credit is responsible for ensuring the effective and efficient maintenance of a designated portfolio of loans at an acceptable level of risk by exercising sound credit judgment in approving and recommending applications, monitoring credit quality, conditions, and collection activity, thereby ensuring loan losses are minimized.
  • Works with the business lines to discuss/approve /decline credit requests within adjudication limits, in accordance with the Credit Policy Manual, other Bank policies and defined credit procedures.

 

Key Accountabilities

 

  • Ensure sound and timely credit decisions conforming to Bank policies and procedures by:
    • Ensuring credit applications are properly, accurately and completely investigated, analyzed and documented in relation to Bank policies and procedures;
    • Consistently exercising credit judgment in approving and declining credit applications within established limits
    • Presenting recommendations on credit requests above established limits,
    • Oversees an assigned portfolio, monitors unsatisfactory trends in risk ratings, credit conditions, overdue reporting, annual reviews etc., and initiates corrective action.
    • Ensures Credit requests are adjudicated promptly, efficiently and consistently.
  • Maintains a current awareness of the Bank's loan policies, economic and business trends.
  • Restructures credit requests as necessary to make bankable deals in line with Bank policy and guidelines. Negotiates with Private Bankers and Private Banking Unit Heads to ensure credit terms and conditions are appropriate to ensure sound risk selection and that client needs are met.
  • Liaise with business partners in Private Banking, Commercial Banking, Retail Banking, and Scotia Capital to maintain open communication to ensure good service levels are provided to internal customers.
  • Utilize clear verbal and written communication of credit decisions to business unit management with the provision of coaching and guidance when applicable to ensure the rationale behind a credit decision is fully understood.
  • Participates in  projects to ensure better efficiencies and uniformity/transparency to existing processes and procedures
  • Provide coaching and guidance to Private Bankers concerning credit applications.
  • Contribute to the development of Private Bankers by identifying training needs.
  • Complete training and development requirements as applicable.

 

Functional Competencies

 

  • A comprehensive knowledge of the Bank's products and services;
  • Solid understanding of Bank lending policies and procedures, financial analysis, risk assessment techniques, credit structuring, collateral and security documentation and registration, collection, related legislation and accounting practices;
  • Solid understanding of the Bank's operating policies and procedures;
  • Strong negotiation and problem resolution skills;
  • Strong communication skills, written and verbal, in order to produce informative, concise and professional credit replies, presentations and correspondence;
  • Strong organizational skills and the ability to prioritize work effectively and efficiently;
  • Ability to make decisions, frequently in the face of uncertainty, and clearly communicate rationale for decisions;

 

Education/ Experience

 

  • Undergraduate degree in Business, Economics, Finance.  MBA, CMA, CFA or CA designation preferred;
  • 3-5 years of progressive underwriting/adjudication experience in commercial credit, private banking complex credit, or related equivalent experience.

Location(s):  Canada : Alberta : Calgary

As Canada’s International Bank, we are a leader when it comes to inclusion. We are a diverse and global team, speaking more than 100 languages with backgrounds from more than 120 countries. 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.


Job Segment: Credit, Risk Management, Underwriter, Bank, Banking, Finance, Insurance

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