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Title:  Real Estate Banking Analyst - Intern/Co-op - Fall 2022 - Greater Vancouver - BC




Requisition ID: 154596

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


Real Estate Banking Analyst Intern/Co-op

Fall 2022 (September to December) - Greater Vancouver - BC


Why work for Scotiabank?


Scotiabank is a leading bank in the Americas. We are powered by our 97,000 high-performing teammates who make a real difference across the globe as a leading provider of advice, products, digital experiences, and financial services.

This is a place where you’ll get to learn and develop your skills while being recognized for your hard work. At Scotiabank, we’re passionate about bringing our whole selves to work, allowing us to create inclusive work environments for everyone to enjoy.


Who Are We?


Scotiabank’s Commercial Banking professionals are committed to delivering advice. You will be a trusted business advisor offering a full suite of customized lending, deposit, cash management, and trade finance solutions to mid and large-sized businesses. Team players with a client-centric approach and a strong emphasis on results will thrive in our flexible, growth-oriented environment, and our one-of-a-kind people-first culture.


Commercial Internships/Co-op Role


The Real Estate Banking Analyst provides the Client Relationship Managers with the support needed to service client requirements and new asks. This will include coordinating efforts with internal partners and directly reaching out to clients to address various activities such as the resolution of escalated client challenges, collection/processing of financial reporting, the satisfaction of funding requirements, and onboarding needs. The Real Estate Banking Analyst contributes to the overall success of commercial banking in Canada, ensuring specific individual goals, plans, and initiatives are executed/delivered in support of the team's business strategies and objectives while also ensuring all activities are conducted in compliance with governing regulations, internal policies, and procedures.  


Through this Internship/Co-op you will:


  • Champion a customer-focused culture to deepen client relationships and leverage broader Bank relationships, systems, and knowledge.
  • Support the collection of information directly from clients and from various sources necessary to assess the client’s risk profile in order to ensure the Bank meets its regulatory requirements related to KYC, AML, etc.
    • This includes contacting clients, sourcing internal/external sources/websites, documenting information in Know Your Client documentation in various formats such as the Client Profile Information documents, and responding to various internal Compliance groups.
  • Help resolve service-related matters raised by the client directly to the (Sr) Client Relationship Manager. This responsibility does not replace the servicing provided through the Business Service Center and is typically credit in nature or day-to-day servicing.
  • Provide all of Scotiabank’s resources for Real Estate Banking clients.
  • Underwrite Real Estate Banking products including IPL loans, bridge loans, and non-revolving term loans.
  • Prepare credit applications, annual reviews, client communication, and manage a portfolio of Real Estate Banking products.
  • Being decisive by fully understanding the credit transaction, including the risk involved, and making clear and independent recommendations on all Real Estate Banking underwriting and actions.
  • Take a positive approach to business and identify new business opportunities with a proper focus on profitability and risk.
  • Maintain an ongoing pipeline of business, including customers and active prospects.
  • Credit-related tasks: 
    • (a) Contact clients for financial reporting and spread financial statements, projections, and borrowing bases, review results, escalate any signs of deterioration, and update appropriate systems;
    • (b) Commence preparation of credit presentations;
    • (c) Assist with completion of conditions precedent, diligence, and any other requirements necessary to obtain approvals
    • (d) Ensure client files are complete and appropriately documented in various systems (eg. SDR, e-tracker, etc.) and
    • (e) General support as necessary in the annual review process and other credit-related situations needed to maintain portfolio quality.
  • Coordinate efforts with the client and various internal partners (eg. BSC, EDDU, CRA, GBM) to ensure loan funding and business account openings are fulfilled as per customer expectations. 
  • Provide status information on the progress of various fulfillment, KYC, AML onboarding, and service requests and ensure bottlenecks or delays are promptly escalated with a plan to resolve them.
  • Look for opportunities to make suggestions to continually improve processes and client satisfaction metrics. This may include actioning feedback received directly from clients or through client satisfaction vehicles such as the Pulse.
  • Understand how the bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
  • Embrace a high-performance environment and contributes to an inclusive work environment.
  • Actively pursue 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.
    • Conduct risk.


Who are we looking for?


  • Strong commitment to excellent client service and ability to work with clients to resolve issues in an amicable and prompt manner.
  • Strong organizational skills to coordinate and prioritize a number of concurrent requests from different Relationship Managers.
  • Strong interpersonal skills to obtain agreements within Commercial Banking and partners.
  • Strong written and verbal skills with a proven ability to engage stakeholders and clients.
  • Working knowledge of financial statements and credit analysis.
  • Working knowledge of credit structures and applicable risk management.
  • Working knowledge of Microsoft Office applications.
  • A high degree of flexibility to adapt to a wide variety of tasks.
  • Strong commitment to accuracy, customer focus, and results focus.


Other things we look for:


  • An undergraduate degree in Business, Commerce, Finance, Real Estate, Urban Economics, or Accounting-related disciplines.
  • MBA and graduate degree applicants are welcome.
  • Experience – previous commercial credit, strategy, or real estate banking experience preferred but not required.
  • Natural curiosity and passion for problem-solving.
  • A genuine interest and passion for Commercial Banking.
  • A high level of energy and a keen desire to learn new concepts.
  • Strong communication and client relationship management skills.
  • Basic financial literacy with an understanding of financial statements, credit terms, conditions, and relationships.
  • The ability to operate in a fast-paced, agile, and constantly changing environment.
  • Experience in providing customer needs-based advice and solutions is preferred.
  • Superstars that have both strong financial acumen and a passion for people.
  • Someone who gets equally excited about examining key financial metrics as building solid relationships.


How do I Apply?


For students, we are focused on learning about who you are and what you’re interested in to uncover your true potential. In short, we don’t believe resumes will provide us with an accurate depiction of what you’re truly about to properly assess your potential. Instead, we want to get to know YOU and hear about the experiences that have shaped you. For students applying to one of our co-ops, internships, or TILT new grad programs we are no longer requiring resumes. Instead, we ask that as part of your application, you complete the below:


Complete your PLUM Profile here


Complete a short one-way video interview here


Apply to the role through our career site! When the application asks for your resume, instead upload a screenshot of your PLUM to show us you’ve completed it, we have full access to your entire profile from Plum and won’t use the screenshot but it’s a great reminder for each of you to have completed it. Alternatively, you can submit a resume if you want, but we will not be relying on it when we assess you. You do not need to complete your PLUM profile or video interview multiple times if you are applying to multiple positions. 


We thank you all for your interest in Scotiabank! However, only those selected for an interview will be contacted. If you require accommodation during the recruitment and selection process, please let us know. We will work with you to meet your needs.


**To be considered for student opportunities at Scotiabank and/or Tangerine, you must submit your PLUM Assessment and Video Interview**


Location(s):  Canada : British Columbia : Vancouver 

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.

Note: All postings in me@Scotiabank will remain live for a minimum of 5 days.

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