Title:  Vice President, Global Credit Provisions (18-month contract)

Requisition ID: 246297

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

Purpose

Leads and oversees Global Credit Provisions globally ensuring business strategies, plans and initiatives are executed / delivered in compliance with governing regulations, internal policies, and procedures.

Accountabilities

• Evaluate the Allowance and Provision for Credit Losses in the context of; the risk appetite of the Bank; prevailing accounting standards and regulatory guidelines; and each business’ growth plans. Provide leadership in the research, development, and implementation of required statistical models and provisioning methodologies to improve risk measurement, stay current with industry practice and satisfy evolving regulatory and accounting requirements.

• Responsible for determining the appropriate level of Allowance for Credit Losses (ACL) for the Canadian, International and Global Banking portfolios within Retail, Small Business and Business Banking, using methodology that is compliant with current accounting standards in addition to providing leadership in the development of forecast and planning of Provisions for Credit Losses (PCL) for these portfolios.

• Responsible for the oversight of Credit Risk Global reporting to Executives and the Board, including regular reporting (monthly, quarterly) for various executive departments, and annual management reports that analyze trends, issues, and relative inter-bank performance in delinquency and loan loss.

• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.

• Creates an environment in which their team pursues effective and efficient operations of their 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.

• Builds a high-performance environment and implements a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment and using a coaching mindset and behaviours; communicating vison/values/business strategy; and, managing succession and development planning for the team.

Education / Experience / Other Information

• University degree in mathematics, economics, business or finance or significant work experience
• Provide strategic direction and leadership across a range of areas in credit risk management in and outside Canada. The incumbent must be open-minded with a high degree of intellectual curiosity and a propensity to challenge the status quo to advocate creative/innovative solutions within credit risk management. The incumbent must have a strong, proven track record as a change agent.
• In-depth understanding of: i) retail and business banking products and channels, and the markets in which Scotiabank operates; ii) predictive modeling theory combined with practical application in defining and justifying credit risk strategies based on statistical models and executed via automated systems; iii) collections policies/practices and strategies; iv) legislative and marketplace issues relative to credit risk management; v) loan loss provisioning and general reserves, economic and regulatory capital; and, vi) Basel II Capital Accord, SOX and IFRS.
• Must possess project planning, financial management and effective resource management skills combined with superior decision-making skills. Exceptional analytical skills and the ability to design and interpret information/data required to monitor the performance of the credit functions are essential. The incumbent must have organizational know-how, strong interpersonal skills and influence in order to promote acceptance of new credit risk management methodologies and obtain commitment from others to facilitate the achievement of risk management goals and objectives. Strong negotiating skills and excellent oral/written communication skills are also essential.
• Must be able to articulate their viewpoint/opinions to all levels within Scotiabank, domestically and internationally as well as, to senior executives. The incumbent must be able to represent Scotiabank on risk management issues in a multitude of external venues (e.g., government regulators, banking committees, external auditors, industry associations, credit risk forums/roundtables, etc.).
• Strategic Influencing - Ability to convincingly persuade others, including individuals, groups, external stakeholders and markets for the benefit of the organization. Planning how best to win support, gain co-operation and overcome obstacles and barriers.
• Strategic Thinking - Ability to understand and integrate the business environment into the organization's direction and goals. Well-developed awareness of the impact of global issues on strategies and choices. Emphasis on developing holistic, innovative, long-term business plans for the organization that takes into account people, processes, technology, strategy and global growth.
• Spanish language and international experience are an asset

Working Conditions

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

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.