Requisition ID: 257283

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

What you will be doing:

As the Sr. Manager, Credit Risk Business Banking, you will be responsible for exercising sound credit judgement and providing quality underwriting decisions. You are 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, Indirect Auto, and Business Banking (Branch, Health Care & Professional Banking, and Agriculture) channel.

You will contribute to the overall success of the Adjudication Centre of Expertise ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives. You will also ensure all activities conducted follow governing regulations, internal policies, and procedures.

You will adjudicate more complex and larger credit applications within the Business Banking portfolio including specialty programs, credit facilities for professionals, Agriculture, Franchising, predominantly on credits for SPP (Scotia Professional Plan) for high end limits of Business Banking and lower end limits of Commercial Banking.

Is this role right for you? In this role, you will:

• Provide high quality and in-depth credit decisions by:
  • Effectively analyzing partner credit submissions, with related documentation and rationale.
  • Demonstrating awareness of broad industry related risks relevant across the Canadian Economy.
  • Applying expert credit judgement, usage of the applicable 5 C’s of credit, and ensuring consistent application of policies and processes.
  • Adjudicating within established limits and exception authority and presenting quality recommendations on requests above established limits.
• Deliver an effective and timely customer experience by:
  • Ensuring all partner interactions are professional, respectful, and value added.
  • Providing recommendations/alternative solutions and restructuring credit requests, with coaching/direction to partners as required.
  • Acting with a sense of urgency in response to partner requests to meet customer expectations.
    
• Contribute to ACE objectives/commitments by:
  • Delivering against established ACE Service Level Agreement targets by consistently achieving metrics as established and contributing to “First Time Right”.
  • Being accountable and contributing to Lean management activities including problem solving sessions, coaching, and huddles.
• Optimizing Risk and Return by:
  • Clearly identifying risks and exceptions using strong rationale and associated mitigants to support the decision.
  • Operate within the Bank’s risk appetite and culture in day-to-day activities and decisions.
  • Identifying and escalating any identified issues (e.g. Anti-Money Laundering-AML; Privacy; Know Your Customer- KYC; Compliance).
  • Working within Scotiabank’s Values, its Code of Conduct, and the Global Sales Principles.

• Contribute to team and personal development by:
  • Active participation in personal development and learning, while promoting a positive and inclusive work environment.
  • Advocate change, informal coaching, mentorship of peers, and leads 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.
• Intermediate accounting and financial statement analysis.
• Expert understanding of risk assessment, credit structures/protections, credit documentation, financial projections, and Equifax/TransUnion credit reports.
• Strong analytical and problem resolution skills.
• Strong coaching, leadership, and demonstrated facilitation 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.
• Proven ability in administering a Commercial credit portfolio.
• Effective communication (bilingual English/French - written and verbal) and interpersonal skills are necessary for professional interaction with partners and business lines to ensure a high level of credibility.

What's in it for you?

• Diversity, Equity, Inclusion & Allyship - We strive to create an inclusive culture where every employee is empowered to reach their fullest potential, respected for who they are, and are embraced through bias-free practices and inclusive values across Scotiabank. We embrace diversity and provide opportunities for all employees to learn, grow & participate through our various Employee Resource Groups (ERGs) that span across diverse gender identities, ethnicity, race, age, ability & veterans.
• Accessibility and Workplace Accommodations - 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. Scotiabank continues to locate, remove, and prevent barriers so that we can build a diverse and inclusive environment while meeting accessibility requirements.
• Upskilling through online courses, cross-functional development opportunities, and tuition assistance.
• Competitive Reward Program, including bonus, flexible vacation, personal, sick days, and benefits will start on day one.
• Community Engagement - no matter where you choose to work from; we offer opportunities for community engagement & belonging with our various programs such as hackathons, contests, cooking with friends, Humans of Digital and much more!

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 click here. 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.