Requisition ID: 232198
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
Scotiabank is Canada's most international bank, with an international presence unmatched by other Canadian Banks. Our operations include providing a full range of financial products, solutions and advice to retail, small business and commercial customers in Latin America, the Caribbean, Central America, and the Asia Pacific. In addition, our partnerships with associated corporations in China, Curacao, Thailand, and Venezuela provide an entire suite of personal, commercial, wealth management and insurance services to over 24 million customers globally.
Join a purpose-driven winning team, committed to results, in an inclusive and high-performing culture.
Purpose:
Monitors and manages assigned industries, segments, or sub-segments’ trends and insights by promptly and proactively communicating potential alerts and credit issues to stakeholders, ensuring timely intervention and proactivity. Ensures we have proper controls and monitoring across our teams and portfolio and identify gaps in said controls and monitoring. Importance of the role as the first line of defense, leading a strong risk culture, and effectively monitoring unusual activity of their assigned portfolio.
Contributes to the overall success of Commercial Banking in the International division, ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives while also ensuring all activities are conducted in compliance with governing regulations, internal policies and procedures.
What You’ll Do:
Portfolio Monitoring and Risk Management:
- Proactively review portfolio through industries, segments, sub-segments, etc., to determine trends and insights that allow to identify risks and commercial opportunities on a regional level. Provide feedback on quality of data as well as data-improvement roadmap to facilitate deeper analysis
- Review sample analysis of annual reviews as well as new deals, incorporating both financial and non-financial risks and identifying opportunities for improvement.
- Monitor client portfolio trends and alert potential risks, exceptions or non-compliance (e.g. ARA, DPD, SOFIA) within Banking on a regional level; communicate outcomes to stakeholders and oversee escalation processes to respective Country and Regional Banking Leaders, ensuring proper documentation and follow-up
- Track and report trends on overdrafts, overruns, and other exceptions, ensuring portfolio quality is maintained within approved limits
- Ensure and support Country and Regional Banking Leaders with industry insights, as well as follow up with any plans for offboarding of any industry, segment or sub-segments
- Create periodic reports on industries, segments, and sub-segments and share trends and insights with wider team and partners, integrating 1) quality assurance findings from peer file reviews, and 2) Client Profitability Models
- Lead quality assurance activities by conducting periodic reviews of commercial loan processes, and coordinate functions with Banking Portfolio Analyst (PA) teams in the countries for regional alignment and strategies’ execution
Early Warning and Risk Escalation:
- Identify early signs and trends of credit risk (e.g. delinquency, PCL impacts) and report to Country and Regional Banking Leaders for timely intervention
- Leverage the early warning tools like SOFIA to identify trends and insights
- Report and alert annual reviews, term loan renewals, early warnings, and unusual transaction reports outstanding at the regional portfolio level
- Organize and lead designated regional Banking governance meetings to ensure timely follow-up on alerts and facilitate effective risk management discussions
Client Interaction Support:
- In coordination with IB Pricing and Capital management unit, provide tracking and visibility of call reports and path-to-profitability commitments for presentation in the regional Banking governance meetings
Client Service Optimization
- Serve as a resource to make loan transactions easier, providing input as SME on regional process improvements and enhancing the client experience through efficient credit structuring
Keeping the Bank Safe
- Actively pursues effective and efficient operations of his/her respective areas, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational risk, regulatory compliance risk, AML/ATF risk and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook and the Guidelines for Business Conduct
- Centralize, manage and coordinate regional Banking audit issues, deploy action plans and maintain consolidated information to meet audit, risk and regulatory requirements while establishing proper control strategies with Banking and Risk Teams
What You'll Bring:
- Data analysis and comprehensive understanding of portfolio management, financial statements and industry trends. Knowledge in risk metrics, risk assessment techniques and Commercial Banking (processes, products and services).
- Familiarity with regulatory requirements, including AML/ATF regulations and operational risk management frameworks is a plus.
- Ability to provide analytical insights.
- Good Interpersonal and team working skills.
- Advanced knowledge of Microsoft Office Suite (Word, Excel, PowerPoint).
- Working knowledge of Microsoft Office applications e.g. MS Outlook, MS Teams and technology platforms (e.g. Sales Force, Power BI, Tableau)
Interested?
If your experience is closely related but doesn’t align perfectly with every qualification, we do encourage you to apply - you might be the right candidate for this or other roles at Scotiabank!
At Scotiabank, every employee is empowered to reach their fullest potential, respected for who they are and, embraced for their differences. That’s why we work to grow and diversify talent and engage employees in a performance-oriented culture.
What's in it for you?
Scotiabank wants you to be able to bring your best self to work – and life, every day. With a focus on holistic well-being, our many flexible benefit programs are designed to help support your unique family, financial, physical, mental, and social health needs.
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.