Job Description

Requisition ID: 206829Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.Join a purpose driven team, acted to results, in an inclusive and high-performing culture.The mandate of this role is to manage credit life cycle strategies for Real Estate Secured Lending in order to optimize risk/return within Global Risk Management to meet Canadian Banking strategic priorities.In this Manager role, you will develop and monitor key performance indicators of retail secured credit portfolio scrutinized through different lenses. You will use in-depth portfolio insights to develop adjudication and account management strategies to recommend policy changes for various products and programs to maximize risk adjusted return while managing portfolio PCL under the current highly fluid credit market. This includes various stages of strategy development: identify opportunities through data driven analytics, leverage champion/challenger capabilities to confirm previous assumptions and forecast financial outcome of strategies, propose changes through rigorous business framework in place, implement the change with technology teams, perform post implementation validations, track performance to formalize forecast and reinvent upon iterations.You will also work in close collaboration with our risk technology partners to ensure credit strategies are implemented without production defect as well as with our business line partners to ensure business strategies are consistent with the Risk Appetite Framework.Job Responsibilities:Strategy DevelopmentDevelop credit risk strategies for retail secured lending portfolios, leveraging a data driven approach to approve credit, set credit limit, and recommend risk adjusted pricing.Ensure successful implementation of strategy changes within the adjudication engine (e.g. through FICO Origination Manager tool)Ensure the design of development process adheres to regulatory and governance requirements.Portfolio MonitoringMaintain performance monitoring on new accounts acquired through different channels and special programs; ensure performance align with targets, explain discrepancies/ emerging trends that may impact portfolio health (short term and long term)Assess strategy effectiveness and proactively identify if any risk segments are or will impact provisioning estimates as vintages mature.Identify opportunities and propose innovative risk strategies with focus on risk/return, asset-based lending with building a robust and competitive portfolio in mind.Credit Strategy ImplementationDocumenting changes to credit strategies & policy changes in form of robust technical requirementsWork with risk technology partners to code strategy changes and develop & perform statistical hypothesis testing to formalize changes and ensure the outcome of the changes align to senior management\'s expectations.Identify problems/issues with the technical implementation and recommend appropriate solutions.Conduct post implementation validation to verify the production data results.Support Business Line Initiatives/projectsEnsure all business line strategic projects (i.e. new product launches, changes to existing product offerings, new channels, new acquisition framework) are consistent with Risk Appetite Framework.Recommend changes to business line strategies to ensure the Bank does not take on more credit risk than planned.Represent Risk\'s point of view and liaise with the stakeholders (operations, product owners, collections, technology, governance) throughout the organization to listen actively, socialize, and explain risk measures clearly and as appropriateJob Requirements:Must have a university degree in relevant STEM discipline (Science, Technology, Engineering and Mathematics) or a master\'s degree in business, statistics, economics, mathematics, management sciences or analytics.A minimum 3-5-year experience in credit lending preferred, with rigorous logical thinking and an understanding of credit principles.Proficiency in programming and/or database programs (MongoDB, SAS, JAVA, SQL, R, Hadoop, Python)Detail Oriented. You notice all the little details for every document / requirement / conversation that comes across you.Strong communication essential with our stakeholders and management (written, verbal, presentation)Team Player. You relish collaborating with, learning from, and teaching others so we all become better.Self - Motivated. You do good work, and lots of it; the drive to deliver quality work is just a part of you. You are also able to simplify complex situations and navigate ambiguity.Location(s): Canada : Ontario : TorontoScotiabank 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.

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