Job Description

Requisition ID: 176519

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

Purpose of Job:

The Manager, Non-Pre-Approval Originations will develop and monitor credit risk origination strategies, policies, and processes in order to optimize risk/return for credit cards, unsecured lines of credit, unsecured installment loans and over drafts for the Canadian retail portfolio.

The manager will use in-depth portfolio analytics to optimize approval/decline decision criteria, automation decision, and limit assignment strategies for New and Existing customers, leveraging champion/challenger capabilities to confirm assumptions, learn about shifts in consumer credit behavior, and identify risks/opportunities that will impact the Risk Appetite Framework. These tasks will be accomplished leveraging extensive consumer data, credit risk and lending business expertise and advanced analytics techniques including machine learning. The person must have strong communication skills to propose changes to senior management and collaborate with risk partners including Product, Operations, and Technology.

This position requires technical expertise including experience with risk technologies origination and various testing methods to lead strategy and policy implementation with minimal defect, as well as a deep understanding of credit bureau information.

Job Responsibilities:

Origination Strategies

• Develop credit risk origination strategies and policies for the Canadian unsecured lending, with goal of using empirical decision models to approve credit and set customer credit exposure.
• Ensure all new approved credit is aligned with risk appetite and regulatory requirements and will optimize risk/return over the long term.
• Lead successful implementation of strategy changes across different technology platforms and channels. Promote lean adjudication decision design.
• Identify opportunities to improve/test new risk strategies with building a robust and competitive portfolio in mind.

Portfolio Monitoring

• Improve and maintain monthly/weekly performance monitoring on new accounts acquired through different channels and special programs. Owner of the end-to-end reporting process (from raw data in SQL tables to automated production-grade dashboards).
• Analyze strategy effectiveness and proactively identify if any segments are or will impact provisioning estimates as vintages mature.

Support Business Line Initiatives/Projects

• Ensure all business line strategic priorities (i.e. growth, new product launches, new channels, new processes, new business line acquisitions) are consistent with Risk Appetite Framework.
• Represent Risk\'s point of view and liaise with stakeholders throughout the organization to listen actively, communicate, and explain risk measures clearly and as appropriate.
• Bring innovative solutions to Projects/programs that are consistent with the Bank\'s customer/business objectives and risk guardrails

Job Requirements:

• A minimum of 3-5 years with an organization in the risk management or analytics field, with rigorous logical thinking and solid understanding of credit principles.
• Prior experience in a retail lending environment or credit risk management is an asset.
• Strong knowledge designing strategies that impact organization\'s P&L.
• Proficiency in programing and database (SAS/Enterprise Miner or similar statistical software including the ability to apply advanced statistical techniques, SQL, R, Python).
• Able to translate data into digestible dashboards and business insights (PowerBI, Tableau, PowerApp).
• Ability to work effectively within a team, able to multi-task and prioritize.
• Excellent communication and written skills complemented with solid deductive reasoning, sound judgement, and creativity.
• Bachelor\'s degree or higher or equivalent work experience;

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