Job Description

Requisition ID: 183665

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

The Senior Manager, Credit is responsible for ensuring the efficient and effective maintenance of a designated commercial 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.

Accountabilities:

• Ensure credit applications are adjudicated promptly, within the Bank\'s 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\'s loan policies, economic and business trends.
• Oversees 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\'s commercial human resources by identifying training/coaching needs.
• Provides 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\'s 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.
• Participates in various projects to ensure better efficiencies and uniformity/transparency to existing processes and procedures.
• Manages and provides coaching to ensure effective development to Credit Managers, providing sign off within designated limits and acting as the first point of escalation.

What we\'re looking for?

• Expert 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;
• Good understanding of the Bank\'s operating policies and procedures;
• 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 coaching and counseling skills in credit;
• University educated with a degree in business. Successful completion of a CPA, CFA or MBA is an asset

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