Analyst, Wealth Credit Structuring

Scotiabank; Toronto; On-site; CAD 70,000 - 90,000; Full time

Job summary

A leading bank in the Americas seeks an Analyst for Wealth Credit Structuring in Toronto. This role involves supporting the preparation of credit applications, maintaining monitoring systems, and providing administrative assistance. Ideal candidates are well-organized, possess strong communication and analytical skills, and have a good knowledge of banking products. The position promises a collaborative and inclusive work environment with opportunities for professional growth.

Responsibilities

• Maintaining a complete monitoring system for customer reporting.
• Completing financial analysis worksheets accurately.
• Providing administrative support, including expense reporting.

Skills

Well organized

Excel skills

PowerPoint skills

Moody's Financial Analysis knowledge

Communication skills

Interpersonal skills

Knowledge of banking products

Negotiation skills

Customer contact

Knowledge of Python or VBA

Job description

Title: Analyst, Wealth Credit Structuring - Insurance

Requisition ID: 250718

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

Purpose

The Senior Analyst is responsible for contributing to the profitable growth and quality of the Bank’s Private Banking insurance lending portfolio for highly complex and customized financial solutions by collecting, processing and assimilating customer reporting information and supporting the National Director & Group Lead, Structured Solutions, Private Banking in the preparation of the write-up of credit applications, which may include financial modelling and due diligence. The incumbent will assist the team in providing administrative support and service for client-facing interactions.

Responsibilities

• Maintaining a complete monitoring system(s) to ensure customer reporting is completed in a timely manner;
• Updating the monitoring system(s) with necessary information to ensure accuracy of the customer reporting requirements (this includes various data such as authorized amount, etc.);
• Completing the Financial Analysis Worksheet (FAW), Risk Analysis (spreads), and Cash Surrender Value Analysis in an accurate and timely manner as required;
• Ensuring that all relevant correspondence and authorizations are properly stored in the Shared Document Repository (SDR);
• Ensuring fees, pricing, IG rating and authorized limited changes are correctly processed/resolving as required and systems as applicable are appropriately updated.
• Providing administrative support to the team, including expense reporting, vacation scheduling, organizing meetings, PBIL Mailbox Management, and naming files as per standard naming convention.
• Ensuring adherence to the Bank’s Anti-Money Laundering program, Know Your Customer requirements and Guidelines for Business Conduct, by reporting any unusual occurrences or fraudulent activities per established procedures.
• COI Management – Responsible for COI Vetting process, including gathering of information, liaising with S&I Team and local Private Bankers, and communication of findings to Director and Senior Manager of team.

Qualifications

• Well organized and ability to multi-task
• Good excel skills needed to prepare and update Quarterly Reporting, Financial Analysis Worksheets and CSV Analyses.
• Good PowerPoint Skills to prepare presentation decks
• Good Moody’s Financial Analysis knowledge
• Good communication skills (oral and written)
• Interpersonal skills to effectively interface with customers/internal partners
• Good knowledge of the Bank’s retail, commercial and private banking products and services
• Negotiation skills required for internal discussions
• Customer contact may be required for follow-up on information gathering for new deals, interim/annual reviews and compliance
• Knowledge of Python, VBA or other programming languages is a nice to have

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 our 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.