Associate Director, Execution, Private Equity Sponsor Coverage Group, Commercial Banking

Scotiabank; Montreal; On-site; CAD 100,000 - 140,000; Full time

Job summary

A leading Canadian financial institution is hiring an Associate Director for its Private Equity Sponsor Coverage Group in Montreal. This role involves developing complex credit solutions, ensuring compliance with regulations, and liaising with clients. Candidates must have a degree in Business, experience in credit, and strong bilingual communication skills in French and English. The position offers professional development and an inclusive work environment.

Benefits

Diverse opportunities for professional development

Internal training support

Inclusive working environment

Qualifications

• Fluent in both French and English for communication.
• Knowledge of the Bank’s lending policies and credit risk factors.
• Strong understanding of financial statements and accounting principles.

Responsibilities

• Champion a customer-focused culture to deepen client relationships.
• Participate in credit/financial solutions proposals and analysis.
• Review credit authorizations for accuracy and clarity.
• Vetting security documentation required to close loan transactions.

Skills

Excellent verbal and written communication skills in French and English

Strong financial modelling skills including Excel

Good credit skills and significant credit experience

Strong assessment and analysis skills

Ability to build solid business case justification for deals

Good interpersonal and teamwork skills

Education

University Degree in Business or related fields

Professional designation CPA/CFA or MBA

Job description

Overview

Roynat Capital, a wholly owned subsidiary of Scotiabank, is a national lender and investor with expertise in providing innovative long-term capital solutions for mid-sized companies utilizing senior term, subordinated debt, as well as mezzanine capital and common share equity. We provide tailored solutions to clients for acquisitions, business expansions, wealth monetization, and working capital enhancement. With a national presence in Canada in major markets, Roynat assists growth-oriented companies in reaching their goals across a wide range of industries.

The Associate Director, Execution, Private Equity Sponsor Coverage Group, Commercial Banking contributes to the overall success of the Private Equity Sponsor Coverage Group in Canada by ensuring specific individual goals, plans, and initiatives are executed in support of the team’s business strategies and objectives. The role ensures all activities conducted are in compliance with governing regulations, internal policies, and procedures. The Associate Director is responsible for contributing to the profitable growth and quality of the Bank’s Commercial Credit portfolio by participating as part of a coverage team in the development of complex credit solutions for clients in the upper mid-market. Activities include risk analysis, due diligence, deal structuring, credit pricing, negotiation, and credit application preparation as part of the “Deal Team” with the Director and Associate. The Associate Director will also liaise with Global Risk Management through the credit decision-making process.

Responsibilities

• Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems, and knowledge.
• Contributes to the profitable development of Commercial Credit business:
  • Participating in the timely analysis, structuring and preparation of credit/financial solutions proposals
  • Providing prompt and sound recommendations in the analysis and presentation of credit proposals
  • Restructuring marginal proposals into bankable deals where possible
  • Synthesize industry research and competitive analysis
  • Analyze client business cases and proposals for reasonability
  • Modelling building/development of covenant patterns/vetting and stress testing of projections
• Ensure the accurate communication of the terms and conditions of an authorization and supervises the effective and timely implementation of same:
  • Reviewing all credit authorizations to ensure accuracy completeness and clarity
  • Ensuring prompt follow-up for acceptance of the authorization and reacting swiftly to any problems, amendments, extensions, reporting to senior management where necessary
  • Executing and effectively addressing issues surrounding the adequacy, quality and completeness of loan documentation and security
  • Liaising with the client to ensure the accurate execution and delivery of documentation prior to disbursement of funds
• Contribute to the documentation and closing of authorized transaction:
  • Vetting security documentation required to close loan transactions and promptly and effectively addressing issues surrounding the adequacy, quality and completeness of loan documentation and security
  • Assisting the Deal Team in the detailed evaluation of all information received and for analysis of closing conditions and reporting deficiencies or any findings to senior management
• Understand how the Bank’s risk appetite and risk culture is considered in day-to-day activities and decisions.

Qualifications

• University Degree in Business or other related fields
• Professional designation CPA/CFA or MBA will be considered an asset
• Excellent verbal and written communication skills are essential, in French and English
• Good knowledge of the Bank’s lending policies, practices and procedures, as well as an awareness of business trends, economic, technological, social, legal and political conditions and factors affecting credit risk.
• A solid knowledge and understanding of financial statements and accounting principles and policies.
• Good credit skills and significant credit experience
• Strong assessment and analysis skills
• Good understanding of customer profitability model
• Ability to build solid business case justification for deals
• Good interpersonal and teamwork skills
• Strong financial modelling and computer skills including Excel

What’s in it for you?

• The opportunity to join a forward-thinking and collaborative team, surrounded by innovative thinkers.
• A rewarding career path with diverse opportunities for professional development.
• Internal training to support your growth and enhance your skills.
• An inclusive working environment that encourages creativity, curiosity, and celebrates success!

In addition to French, the successful candidate must also have sufficient knowledge of English, as the work involves interacting and collaborating regularly with groups and individuals based in Toronto, as well as constantly interacting with other people, including clients, who speak English, locally and elsewhere.

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. Candidates selected for an interview will be contacted directly. If you require accommodation during the recruitment and selection process, please let us know. We will work with you to provide as seamless a recruitment experience as possible.