Title:  Senior Manager, Risk Policy & Governance

Requisition ID: 234359

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

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

• Support the development and implementation of credit risk policies and procedures for Automotive Finance using analytics, empirical decision models, and competitive analysis
• Ensure that policies, procedures and documentation in place adhere to global standards, meets regulatory requirements, and aligns with other retail lending portfolios.
• Ensure all new approved credit is aligned with risk appetite and will optimize risk/return over the long term
• Recommend improvements of existing strategies, procedures and policies
• Promote best practices and leverage appropriate risk technologies for all strategy and policy changes
• Provide counsel and direction to other units (e.g. Dealer Finance Center, ACE, Auto Finance  product group, ACE Units, PAE and Audit) regarding risk related policy/procedure/systems issues, preparing special writings to Executive Management as required, ensuring timely responses to correspondence and enquiries on policy and procedural issues.

Compliance, Governance and Regulatory

• Maintain in-depth knowledge of risk related federal and provincial legislation requirements, including changes in, and emerging issues related to, the Bank's regulatory environment and the potential impacts on automotive lending.
• Support investigations and solutioning for OSFI questions/findings in an appropriate /acceptable timeframe.
• Support investigations and solutioning needed for issues identified by Policy and Adherence  Team and/or  Internal Audit items in an appropriate timeframe. 
• Proactively ensure that prior audit and OSFI findings are met, identify gaps, recommend solutions
• As required participate in reviews by external parties (i.e., OSFI) to assess file/credit quality of new originations.
• Liaise with the Fraud Department and Security and Investigations as required.
• Support and ensure policy changes are aligned with the Authority Limit letter and provide monthly reports to the Governance team

Portfolio Monitoring

• Evaluate the performance on a monthly basis of key risk performance indicators and liaise with business partners to assess current/emerging trends and impact to portfolio.
• Review and assess write-off data and reports, collection and product level reports to determine trends and provide recommendations relative to credit/collection policies  and procedures on assigned products, including changes to credit scoring cut-offs where risk profile needs modification. 
• Provide recommendations for post implementation validation of implemented initiatives, and ensure that all implemented policy and strategy enhancements are performing as required  Initiate the development of new account/customer risk management challengers/strategies. 
• Conduct ongoing analyses of new initiatives to determine delinquency/losses against business plan and risk models and recommend appropriate enhancements to policies and procedures.
• Drive continuous improvements with focus on risk/return while ensuring alignment with Credit Risk Appetite.
• Identify if any credit risks are or will become in excess of Risk Appetite Framework. Move quickly to rectify including: identifying root cause, making recommendations to senior management, and implementing any recommended changes to origination and business line strategies.

Support Business Line Initiatives/Projects

• Ensure all business line strategic priorities (e.g., new niche markets, new systems and processes) are consistent with the Risk Appetite Framework. 
• Participate in projects for Automotive Finance programs.  This includes the review of business cases, risk proposals, requirements documents and liaising with the appropriate groups throughout the organization.
• Maintain a current, in-depth knowledge, relative to assigned products, of the Bank’s operating procedures and systems, by delivery channel (e.g. indirect, branch, direct to consumer), results achieved, identifying areas where new/enhanced policies or procedures need to be implemented to improve productivity and performance within risk appetite and recommend/implement appropriate changes.

Automotive  Financing Competitive Landscape

• Stay informed of competitive landscape, partnering with the business line to ensure that as risk managers our processes, strategies and policies consider the changing landscape.
• Develop and maintain relationships with external business partners (e.g., OEMs, credit bureaus and dealer portals) and similar position contacts in other financial institutions. 

Do you have the skills that will enable you to succeed in this role? - We'd love to work with you if you have:

• A minimum of three to five seven years with an organization, with a proven track record of success in leading and implementing change in the financial services sector
• Strong project management and leadership skills to prioritize manage and implement a variety of competing initiatives, on a concurrent or staggered basis
• Excellent communication and written skills complemented with solid deductive reasoning, sound judgment and creativity
• Full understanding of industry dynamics and trends, competitor policies and culture through maintaining market awareness, membership in industry related organization and developing a rapport with counterparts at other Fls
• Prior experience in a retail lending environment, credit risk management, Internal Audit or Compliance is preferred
• Strong knowledge of Microsoft word, Excel, PPT, etc 
• Prior experience in a STEM field or prior programming experience is a plus
• University degree (preferably with a major in economics, finance or business).

What’s in it for you?

• An inclusive & collaborative working environment that encourages creativity, curiosity, and celebrates success!
• We offer a competitive rewards package: Performance bonus, Employee Share Ownership Program, and Pension Plan Matching, Health Benefits from day one!
• 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.