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Director, Corporate Credit Risk - Toronto, ON

April 10 2021
Industries Bank, Insurance, Financial services
Categories Accounting, Finance, Credit, Collections, Credit, Risk
Toronto, ON

Requisition ID: 101382

Join the Global Community of Scotiabankers to help customers become better off.

As the Director, Corporate Credit Risk, you will responsible for contributing to sound asset growth and profits of the Bank by ensuring all credit requests are properly analyzed, adjudicated and, where appropriate, documented, ensuring requests are realistic and effective decisions/recommendations are made within prescribed time frames.

You will contribute to and lead a credit adjudication team for the Divrsified Industry group. You will also adjudicate on specific credits within personal limits and escalate over limit/out of policy proposals, including to appropriate Credit Committees. You will also be responsible for contributing to sound asset growth and profits of the Bank by ensuring all credit requests are properly analyzed, adjudicated and, where appropriate, documented, ensuring requests are realistic and effective decisions/recommendations are made within prescribed time frames.

What you'll do in this role?

1.Contribute to the quality of the loan portfolio through

  • Undertaking analysis of credit applications and providing recommendations;
  • Monitoring the timely review of all applications and submissions and ensuring the accuracy thereof;
  • Providing clear authorization to field offices;
  • Ensuring, where appropriate, documentation adequately protects the Bank’s interest;
  • Ensuring the accuracy of data in various databases and reports; and
  • Developing and maintaining extensive base of industry knowledge.

2. Authorization of credits within the delegated limits jointly with appropriate banking counterpart, while adhering to the Banks’ underwriting guidelines.
3. Attend Senior Credit Committee, as appropriate, and discuss the merits of credit applications as required.
4. Oversee and contribute to the preparation of industry reports and other industry account information as requested.
5. Contribute to profitable business development by participating in and providing managerial direction and guidance to team members.
6. Ensure the maintenance of acceptable quality in the portfolio by scanning operating environment on an ongoing basis, monitoring the quality of accounts and providing constructive comments to field offices on credit applications and other submissions.
7. Manage and develop staff to ensure efficient operations, attainment of objectives and talent development.
8. Other projects as required including but not limited to initiatives related to policies, processes, efficiencies, business acumen to support technology upgrades, data accuracy etc.

What we're looking for?

  • Postgraduate education in business or related with emphasis in finance, accounting, or business; or commensurate work experience. M.B.A., M.F.E., CA, CMA, CFA, FRM, CGA or equivalent designation an asset
  • 7 – 10 years progressive experience in a banking or credit capacity.
  • Seasoned knowledge of the bank risk appetite, lending policies, procedures and practices including economic & regulatory requirements.
  • Solid grasp of security, subordination, and structures of loan, derivative and other product structures including deal structuring, documentation and protections required for complex credits such as highly leveraged acquisitions, project finance, etc.
  • Ability to debate the merits and vulnerabilities of credit applications with Banking and Senior Credit Committee, approving/declining or providing recommendations as appropriate which requires highly developed communications skills.
  • Ability to understand financial statements & cash flow analysis.
  • Ability to manage a portfolio within a fast-paced, changing environment.
  • Excellent analytical and time management skills with the ability to supportively lead a team and negotiate with client partners.

What’s in it for you?

  • The opportunity to join a forward-thinking company surrounded by a collaborative team of innovative thinkers.
  • A rewarding career path with diverse opportunities for professional development.
  • Internal development to support your growth and enhance your skills.
  • A competitive compensation and benefits package.
  • An organization committed to making a difference in our communities– for you and our customers.
  • We have an inclusive and collaborative working environment that encourages creativity, curiosity, and celebrates success!

This position is located downtown Toronto.

Location(s): Canada : Ontario : Toronto

As Canada's International Bank, we are a diverse and global team. We speak more than 100 languages with backgrounds from more than 120 countries. Our employees are committed to a superior customer experience and use the Bank’s six guiding sales practice principles to ensure they act with honesty and integrity.

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.

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