Share this Job

Title:  Credit Officer, Indirect Ag Financing - Winnipeg

 

 

 

Requisition ID: 125920

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

 

Commercial Banking Ag is looking for a dynamic self-starter who embraces a team environment to join our team as a Credit Officer. If you have a winning mindset and are proactive, resourceful and committed to profitable growth and delivering an exceptional client experience, we invite you to consider this position.

 

 

Purpose

 

The Credit Officer, Indirect Ag Financing is responsible for providing support and information to the IAF senior leadership as it relates to the credit adjudication process. The successful candidate provides a high standard of support to the team and contributes to the profitable growth and quality of the IAF portfolio.

 

 

This position is located in the Winnipeg Commercial Banking Office. The portfolios have seasonality when tight deadlines and occasional extended working hours can be expected.

 

 

Accountabilities

 

 

Credit & Compliance adjudication support:

  • Organize and prepare documentation and correspondence relating to customer requirements;
  • Recording  information from various sources to complete customer reports and records on client profiles;
  • Verifying information through investigation, such as credit bureau reports, telephone reference checks;
  • Controlling incoming applications and compliance requests by logging, reporting and monitoring them to establish records and to support the adjudication process;
  • Completing review, recommendation and approval on applications according to current credit policy;
  • Participating in AML/Compliance reports and correspondence preparation;
  • Completing the spreading of financial statements and/ or customer financial information in Credit Lens in an accurate and timely manner as per authorized frequency requirements;
  • Keeping up to date of changes in accounting practices, federal/ provincial tax regulations, and other factors as they relate to the interpretation of financial statements;
  • Ensuring that all relevant correspondence and authorizations are properly stored in the Shared Document Repository (SDR);
  • Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions;
  • Completing other various duties as assigned by management.

 

 

Provide superior customer service to the network Farm Supply Dealerships and individuals by:

  • Developing and maintaining a deep understanding of IAF and Bank policies and procedures;
  • Developing and maintaining a sound knowledge and understanding of the programs offered, including the benefits to both the Dealers and the customers;
  • Maintaining a good working relationship with IAF third party partners and all internal partners;
  • Responding promptly and effectively to requests, concerns and complaints from customers, dealers, IAF third party partners, team members and internal partners;
  • Efficiently support Senior IAF management by preparing credit applications and recommending credits for processing, while ensuring that all the required customer information has been provided and that it is complete and accurate;
  • Providing other support as required for compliance, credit, client-facing and/ or fulfillment activities, and other analysis and deliverables;
  • Creating and executing all ad hoc report requests received from the IAF senior leadership team;
  • Gathering documentation and financial information required to support internal and external stakeholder requirement packages.

 

 

Contribute to the Department’s productivity and service and the Bank’s financial and non-financial objectives by:

  • Organizing work to maximize productivity;
  • Actively identifying and participating with recommendations/ ideas for process and systems improvements;
  • Identifying and referring to the appropriate sales officer existing and new business opportunities through his/ her ongoing customer contact;
  • Providing other support as required to IAF’s senior leadership team for compliance, AML, credit, client-facing and/or fulfillment activities, and other analysis and deliverables;
  • Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions;
  • Completing all function-specific documentation accurately as per Bank standards in order to protect both the organization and the customer;
  • Completing due diligence on customer applications, ensuring all aspects of the application including KYC and AML are within policy;
  • Actively pursuing 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;
  • Champions a high-performance environment and contributes to an inclusive work environment.

 

 

Dimensions

Product offering is Yield More Financing distributed as Indirect Ag Financing through a network of independent farm supply dealerships located across Canada. All in-house support provided for approximately 3,500 customers and $300 million dollars of authorized credit across Canada.

 

 

The incumbent will support work on compliance and financial solutions and will have interaction with external and internal partners, clients, and dealers and will need to gather information and respond to inquiries.

 

 

Ensuring documentation is received as required is the responsibility of the Credit team, including follow up with both customers and dealers. AML reporting, monitoring, and follow-up will be required of the successful incumbent.

 

Due to the large number of accounts and the cyclical nature of agriculture, initial volumes are significant and occur in conjunction with the spring new credit application volumes.

 

 

The incumbent is expected to be able to resolve issues and problems, but also to recognize the need to escalate to superiors where prudent.

 

 

The incumbent is expected to have the ability to deal with time sensitive requests, competing priorities and fluctuating call, email volumes. Workloads are subject to time pressures due to trading environment sensitivities and changes in priorities.

 

 

The incumbent is expected to maintain the confidentiality of information within an open concept office environment.

 

 

 

 

Education / Experience / Other Information (include only those that are specific to the role)

 

The Credit Officer must have proven financial analysis, good credit judgement and a good knowledge of the Bank’s lending policies, practices and procedures. Critical attention to detail is necessary for success.

 

 

They will work on moderately complex financial solutions and will have interaction with clients and internal partners by gathering information and responding to internal inquiries. They must have strong organizational skills to monitor portfolio requirements, collect and assimilate large volumes of information from various sources and concisely populate the information into a credit or compliance communication.

 

 

Bachelor of Commerce or Business Degree or similar is preferred with 1- 3 years of related work experience.

 

 

Functional competencies:

  • Extremely well organized and ability to multi-task
  • Strong organizational skills to monitor portfolio requirements, collect and assimilate large volumes of information
  • Credit skills - familiarity with drafting credit requests, spreading financial statements, assessing risk, and drawing conclusions.
  • Advanced attention to detail required for compliance reviews and reporting
  • Knowledge of the agriculture industry considered an asset
  • Knowledge or experience with Risk Analysis considered an asset
  • Good communication skills (oral and written)
  • Good Microsoft Office skills
  • Interpersonal skills to effectively interface with customers
  • Good knowledge of the Bank’s commercial products and services
  • Team player with a positive attitude and a willingness to learn

 

 

                                                                                                                                                             

Working Conditions

Work in a standard office-based environment; non-standard hours are a common occurrence due to seasonality of the business volumes. Periodic travel may be required.

 

Location(s):  Canada : Manitoba : Winnipeg 

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.


Job Segment: Credit, Bank, Banking, Developer, Law, Finance, Technology, Legal