Assistant Manager, Corporate Lending Services, Agency & Bilateral (GWO)

Scotiabank; Toronto; On-site; CAD 85,000 - 125,000; Full time

Benefits offered by this job

Bonus

Comprehensive benefits

Job summary

Scotiabank in Toronto seeks an experienced Assistant Manager for Corporate Lending Services, Agency & Bilateral to oversee a loan operations team. You will supervise loan analysts, ensure accuracy of disbursements, and manage LC authorizations, while upholding risk and regulatory standards.

This role entails coordinating with multiple stakeholders and driving process improvements. The position requires a finance/business degree, strong knowledge of corporate lending, and excellent communication

Qualifications

• University undergrade degree in Finance or business-related studies or equivalent.
• Knowledge and working experience in corporate lending services.
• Solid working knowledge with MS Suite – Excel, Word, Power Point etc.
• Excellent organizational and communication skills (written and verbal)
• Attention to detail and problem solving

Responsibilities

• Lead a loan operations team delivering quality administrative services to corporate credit facilities.
• Supervise loan Analysts and collaborate with Managers to ensure timely completion of duties and controls.
• Review LC authorizations for BNS issued LC’s and verify limits.
• Ensure terms, pricing and limits of loan authorizations and documentation are followed.
• Communicate with other Banks to resolve issues promptly.
• Monitor team productivity, staffing, and weekly reporting to management.
• Provide guidance and coaching to staff and oversee risk and compliance requirements.

Skills

MS Suite (Excel, Word, PowerPoint)

Organizational skills

Communication skills

Attention to detail

Problem solving

Corporate lending knowledge

Education

University undergraduate degree in Finance or business-related studies

Tools

LoanIQ

Job description

Title: Assistant Manager, Corporate Lending Services, Agency & Bilateral (GWO)

Requisition ID: 276311

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

The Role

The incumbent is responsible for providing, and if directed leading a loan operations team in delivering, quality administrative services to Clients of corporate credit facilities generated by GBM and other BNS units as required wherein the Bank is an agent, or direct lender in a credit facility. The incumbent will be responsible, as directed, for supervising a team of loan Analysts and working with the Manager/ other Assistant Managers to oversee completion of operational duties in a timely manner, maintaining team productivity to target, execute staffing plans, monitor, and oversee operational controls and form part of the working management team.

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

• Leads and drives a customer focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems, and knowledge.
• As directed, managing a team that administers loan information given by Customers on syndicated or direct deals including verification of limit available, accuracy of calculations, and disbursement/application of funds.
• As directed by customer / trade finance, review and provide LC authorization for BNS issued LC’s including verification of limit available, and other checks as per guidelines.
• Ensuring that terms and conditions of authorizations and/or loan documentation are being adhered to including pricing, term, limits etc.
• Communicating effectively with various contacts including other Banks to resolve issues on a timely basis.
• Recognizing and bringing exceptions to policies and procedures to the attention of Manager/Senior Manager/Director for further guidance and resolution.
• Developing a solid knowledge of loan platform Loan IQ to ensure accuracy of posting accounting entries to source system and business line dissemination.
• Assist Manager, Senior Manager and Director in various team-related tasks, resolution of exception items as well as special project-related work.
• Oversee and monitor team productivity, staffing and work volume information and report to Manager/Senior Manager weekly.
• Provide guidance and coaching to immediate team staff.
• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Creates an environment in which his/her team 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.
• Builds a high-performance environment and implements a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment; communicating vison/values/business strategy and managing succession and development planning for the team.

Dimensions:

• Supports business units in the Americas
• Develop a solid working knowledge of LoanIQ and other platforms as used by team.
• Assists the management team in various tasks such as resolution of exception items and project-related work/assignment.
• Ensure accuracy of work and apply due diligence as directed.
• Manage performance of direct reports (if assigned) and ensure their compliance with internal processes.

Do you have the skills that will enable you succeed in this role? – We’d love to work with you if you have:

• University undergrade degree in Finance or business-related studies or equivalent.
• Knowledge and Working experience in corporate lending services
• Solid working knowledge with MS Suite – Excel, Word, Power Point etc.,
• Excellent organizational and communication skills (written and verbal)
• Attention to detail and problem solving

Working Conditions

• Work in a standard office-based environment and remote as applicable during pandemic; non-standard hours are a common occurrence. Work may include Canadian or US or UK statutory holidays. Limited travel domestically.

What’s in it for you?

• Opportunity to engage with various GBM business groups on KYC/AML topics and client outreach activities
• Opportunity to enhance knowledge of GBM’s global product offering, business lines and functional processes, as well as gain exposure to the overall bank
• Opportunity to build strong strategic relationships across broad partner and stakeholder groups within GBM globally and across the bank
• Be a key member of a dynamic and engaged team with strong leadership and focused personal and career development support
• A rewarding career path with diverse opportunities for professional development
• An organization committed to making a difference in our communities – for you and our customers.
• A competitive rewards program including bonus, flexible vacation, personal and sick days, and comprehensive benefits that start on your first day.
• 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 every 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.

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.