Job Description

Requisition ID: 178900

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

As the Manager, Commercial Credit, you will be responsible for ensuring the efficient and effective maintenance of a designated portfolio of loans at an acceptable level of risk, by exercising sound credit judgment in approving and recommending applications, monitoring credit quality, conditions, and collection activity, thereby ensuring loan losses are minimized. You will adjudicate on credits for Growth & Core Segment Credits for Commercial Banking Credits within the framework of the Commercial Credit Administration Handbook, Bank Policy, and Credit Policy.

What you\'ll do in this role?

• Ensure credit applications are adjudicated promptly, within the Bank\xe2\x80\x99s risk selection parameters.
• Ensure sound and timely credit decisions conforming to Bank policies and procedures by: exercising sound credit judgment in approving and declining credit applications within established limits; presenting sound and effective recommendations on credit requests above established limits, ensuring credit applications are properly, accurately and completely investigated, analyzed and documented in relation to Bank policies and procedures; maintaining a current awareness of the Bank\xe2\x80\x99s loan policies, economic and business trends.
• Oversee an assigned portfolio, monitors unsatisfactory trends in risk ratings, credit conditions, overdue reporting, annual reviews etc., and initiates corrective action.
• Contribute to the development of the Bank\xe2\x80\x99s commercial human resources by identifying training/coaching needs.
• Provide coaching, direction and guidance to Banking and Business Service Centre staff concerning credit applications when required.
• Restructures credit requests as necessary to make bankable deals in line with Bank policy and guidelines. Negotiates with CRM\xe2\x80\x99s and Team leads to ensure credit terms and conditions are appropriate to ensure sound risk selection and that client needs are met.
• Liaise with business partners in Commercial, Professional, and Private Banking (as required) to maintain open communication to ensure Scotia service levels are provided to internal customers.
• Participate in various projects to ensure better efficiencies and uniformity/transparency to existing processes and procedures.

What we\'re looking for?

• Post-Secondary Education completed in business or related area
• Understanding of Bank lending policies and procedures, financial analysis, risk assessment techniques, credit structuring, collateral and security documentation and registration, collection, related legislation and accounting practices
• Proven credit judgment
• Proven ability in administering a Commercial credit portfolio
• 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
• Strong organizational skills and the ability to prioritize work effectively and efficiently
• Strong coaching and counseling skills in credit

What\xe2\x80\x99s in it for you?

• The opportunity to join a forward-thinking company surrounded by a collaborative team of innovative thinkers.
• A great opportunity for a position in Commercial Credit at one of the leading Banks in the segment.
• A rewarding career path with diverse opportunities for professional development.
• Internal development to support your growth and enhance your skills.
• A competitive compensation and benefits package.
• An organization committed to making a difference in our communities\xe2\x80\x93 for you and our customers.
• We have an inclusive and collaborative working environment that encourages creativity, curiosity, and celebrates success!

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 . 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.

Scotiabank