Title:  Vice President, Secured Lending, Retail Credit Risk

Requisition ID: 210191  
Employee Referral Program – Potential Reward: $0.00 

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Location: Toronto, Ontario 

Title: Vice President, Secured Lending, Retail Credit Risk, Global Risk Management 

Purpose 

Provides strategic direction, leadership and oversight for Real Estate Secured Credit Risk ensuring business strategies, plans and initiatives are supported in compliance with governing regulations, internal policies and procedures.   Provide Bank-wide oversight of credit policies, models, and processes and controls used to assess and mitigate risk.   

Accountabilities  

• Provides a direct contribution to the credit quality of the Bank by establishing, executing, monitoring and testing strategies and policies for origination and account management  
• Participate in Canadian Retail Senior Credit Committees and local retail credit committees with Business Executives. 
• Provide leadership and key oversight on the evaluation and decisions made on credit score and policy changes across the credit life cycle (adjudication, customer management and collections) with a focus on independent analysis of the risk-return trade-off given the credit risk profile of each proposal 
• Contribute to defining the credit risk appetite for all main product groups and facilitate reporting and analysis that ensure the portfolios are performing with acceptable risk measures.  Proactively and systematically screen the retail portfolios and markets for emerging and long run trends which require action – develop and implement plans to adjust risk-taking or mitigating as required.  Monitor and report on key macroeconomic and portfolio indicators, recommending changes to Executive via Senior Credit Committee, in consultation with key internal stakeholders. 
• Direct the due diligence process for credit mergers/portfolio acquisitions to assess credit quality of existing portfolio.  Identify potential issues related to adjudication, portfolio quality, and integration requirements.   
• Collaborate with Risk colleagues on other teams to develop and implement models, policies, and processes.   
• Direct day-to-day activities in a manner consistent with the Bank’s risk culture and the relevant risk appetite statement and limits.   Communicate the Bank’s risk culture and risk appetite statement  
• Create an environment in which his/her team 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.  
• Lead a customer focused culture to deepen customer relationships and leverage broader Bank relationships, systems and knowledge. 
• Build a high performance environment and implement a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment; communicating vison/values/business strategy and managing succession and development planning for the team.  

Education

• Graduate University degree in business or economics 
• 10-15 years of relevant work experience 
• Spanish language and international experience are an asset 
• Must possess financial management and effective resource management skills combined with superior decision-making skills.  
• Strong analytical skills and the ability to design and interpret information/data required to monitor the performance of the retail credit functions are essential.  
• 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.  
• 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.).  
• Ability to advocate innovative and creative solutions within the Bank’s Credit risk appetite framework. 
• Must have an in depth understanding of: 
  • Retail credit and risk management techniques 
  • Predictive modeling theory combined with practical application in a credit environment 
  • Features/policies/procedures associated with retail credit products and delivery channels 
  • Legislative and marketplace issues relative to credit risk management 
  • Economic business/financial trends in the retail credit industry 

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.

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