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Senior Manager, Wealth Management Credit Risk

Scotiabank Global Banking and Markets

This is a Contract position in Hamilton, ON posted June 4, 2021.

The Senior Manager, Wealth Management Credit Risk is responsible for ensuring the effective and efficient 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.What youll do in this role?Ensure credit applications are properly, accurately and completely investigated, analyzed and documented in relation to Bank policies and proceduresConsistently exercise credit judgment in approving and declining credit applications within established limitsPresent recommendations on credit requests above established limitsOversee an assigned portfolio, monitors unsatisfactory trends in risk ratings, credit conditions, overdue reporting, annual reviews etc., and initiates corrective actionEnsure Credit requests are adjudicated promptly, efficiently and consistentlyMaintain a current awareness of the Banks loan policies, economic and business trendsRestructure credit requests as necessary to make bankable deals in line with Bank policy and guidelines.

Negotiate with Private Bankers and Private Banking Unit Heads to ensure credit terms and conditions are appropriate to ensure sound risk selection and that client needs are metLiaise with business partners in Private Banking, Commercial Banking, Retail Banking, and Scotia Capital to maintain open communication to ensure good service levels are provided to internal customersUtilize clear verbal and written communication of credit decisions to business unit management with the provision of coaching and guidance when applicable to ensure the rationale behind a credit decision is fully understoodParticipate in projects to ensure better efficiencies and uniformity/transparency to existing processes and proceduresProvide coaching and guidance to Private Bankers concerning credit applicationsContribute to the development of Private Bankers by identifying training needsWhat were looking for?Undergraduate degree in Business, Economics, Finance.

MBA, CMA, CFA or CA designation is an asset3-5 years of progressive non-retail lending or banking experience, or related equivalent experienceSolid 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 practicesSolid understanding of the Banks operating policies and proceduresStrong negotiation and problem resolution skillsStrong communication skills, written and verbal, in order to produce informative, concise and professional credit replies, presentations and correspondenceStrong organizational skills and the ability to prioritize work effectively and efficientlyAbility to make decisions, frequently in the face of uncertainty, and clearly communicate rationale for decisions