Job Description

Requisition ID: 227245
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
The Role
The Business Banking Senior Manager, Credit Risk is responsible for exercising sound credit judgement and providing quality underwriting decisions. The incumbent is to adhere to Bank policy and established exception authorities, while balancing production objectives.
ACE's role is to review credit applications requiring an exception for Retail Branches, Private Banking, Indirect Mortgage, and Indirect Auto channels, and underwriting for the Business Banking (Branch, Health Care & Professional Banking, and Agriculture) channel.
The incumbent contributes to the overall success of the Adjudication Centre of Expertise / Global Operations in Canada ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team's business strategies and objectives. Ensures all activities conducted follow governing regulations, internal policies and procedures.
Is this role right for you? In this role you will:

• Effectively analyze partner credit submissions, with related documentation while operating within the Bank's risk appetite and culture in day-to-day activities and decisions.
• Adjudicate and underwrite specialty credit applications exceeding $1MM involving complex request structures, related party transactions, and multiple connected entities.
• Demonstrate awareness of broad industry related risks relevant across the Canadian Economy.
• Provide credit decisions that clearly communicate the terms and conditions of the adjudication.
• Ensure appropriate documentation and rationale mitigating risk are on file to support credit decisions.
• Act with a sense of urgency in response to partner requests to meet client expectations.
• Provide recommendations, alternative solutions, and restructure credit requests, with coaching/direction to partners as required.
• Effectively work in a fast-paced environment to contribute to achieve established ACE Service Level Agreement.
• Consistently achieve KPI targets as established and contributing to xe2x80x9cFirst Time Rightxe2x80x9d.
• Contribute to Lean management activities including problem solving sessions, coaching, and huddles.
• Identifying and escalating any identified issues (e.g. Anti-Money Laundering-AML; Privacy; Know Your Customer-KYC; Compliance).
• Work within Scotiabank's Values, its Code of Conduct, and the Global Sales Principles.
• Actively participate in personal development and learning, while promoting a positive and inclusive work environment.
• Advocate change, mentorship of peers, and lead development and initiative tasks.

Do you have the skills that will enable you to succeed in this role? We'd love to work with you if you have:

• A comprehensive knowledge of the Bank's Business Banking products/services and lending policies and procedures.
• A strong background in accounting and financial statement analysis. Work experience in a credit adjudication related role is required.
• Good understanding of risk assessment, credit structures/protections, credit documentation, financial projections, and Equifax/TransUnion credit reports.
• Strong analytical and problem resolution skills.
• Knowledge of all relevant systems as applicable to the ACE unit, the Bank's interactive systems and Microsoft Tools (Excel, Outlook, Word, PowerPoint, OneNote).
• Thorough knowledge of The Bank's Regulatory and Compliance requirements as they relate to credit granting, including Privacy, Anti-Money Laundering (AML)/Anti-Terrorist Financing; and Know Your Customer (KYC) requirements.
• Strong team player and skillful in developing harmonious relationships with Unit team members and stakeholders.
• Effective communication and interpersonal skills necessary for professional interaction with partners and business lines to ensure a high level of credibility.
• Effective decision-making abilities and organization skills to meet the demands of a high-volume environment.
• Post-secondary education required. Degrees in finance/accounting/economics are an asset.
• French language skills are considered a strong asset.

What's in it for you?

• A rewarding career path with diverse opportunities for professional development.
• A culture that promotes teamwork and cross-functional collaboration to achieve business goals. Inclusive workplace that values diversity of thought, background, and experience
• A competitive compensation and benefits package.
• Opportunity to work with a very enthusiastic team that helps our clients by ensuring the Bank is able to continue to operate to deliver key business services.
• Hybrid working environment allowing for work/life balance.

Location(s): Canada : Ontario : Mississauga || 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. '