Title:  Senior Manager, Small Business & Wealth Management Credit

Requisition ID: 245547

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

The Senior Manager GRM Wealth Management is responsible for ensuring effective and efficient maintenance of a designated portfolio of loans at an acceptable level of risk by exercising sound credit judgment, in approving, restructuring, and recommending applications, monitoring credit quality, and overall portfolio conditions.

The role supports the fast growing and dynamic Private Banking business line in assessing and adjudicating credit requests within adjudication limits, in accordance with the Credit Policy Manual, other Bank policies and defined credit procedures.  The role primarily works independently effectively managing a portfolio of Private Banking exposures, while also working collaboratively within a team environment. 

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

• Ensure sound and timely credit decisions (within established service level agreements) conforming to Bank policies and procedures by:
• Ensuring credit applications are properly and accurately reviewed, analyzed, and documented in relation to Private Banking policies, procedures, and underwriting standards. 
• 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, compliance, annual reviews etc.
• Ensures credit requests are adjudicated promptly, efficiently and within service level agreements.
• Restructures credit requests as necessary into bankable deals in line with Bank policy and guidelines. Negotiates with Private Bankers  to ensure credit terms and conditions are appropriate to ensure sound risk selection and that client needs are met.
• Active involvement in project and policy work to obtain improved efficiencies.
• 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.
• Leverage effective clear verbal and written communication of credit decisions with the provision of coaching and guidance when applicable to ensure the rationale behind a credit decision is fully understood.
• Maintains a current awareness of the Bank's loan policies, economic and business trends.
• 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.

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 comprehensive knowledge of the Bank's products and services;
• Solid understanding of Private Banking lending policies and procedures, financial analysis, risk assessment, 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;
• Knowledge of Spanish and/or French is not required, but could be an asset given geographic scope of the team;
• 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;
• Undergraduate degree in Business, Economics, Finance.  MBA, CMA, CFA, CA, or other finance designations are an asset. 
• Several years of progressive credit adjudication, commercial/corporate/real estate credit, banking experience, or related equivalent experience is strongly preferred. 

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.