Director, Asset Sales & Oversight, Global Risk Management (Bilingual in Spanish / English)

Scotiabank Global Site; Toronto; On-site; CAD 120,000 - 160,000; Full time

Job summary

A leading bank in the Americas is seeking a Director of Asset Sales and Oversight in Toronto. The role involves managing non-performing asset sales while ensuring compliance with regulations. Ideal candidates should have 10-15 years of relevant experience, possess expert knowledge in credit products, and demonstrate strong analytical and communication skills. Spanish fluency is required. Competitive rewards package offered.

Benefits

Performance bonus

Employee Share Ownership Program

Health Benefits from day one

Qualifications

• 10-15 years of relevant work experience.
• Expert knowledge of asset sale practices and debt recovery legislation.
• Strong understanding of the Bank's business plans and objectives.

Responsibilities

• Leads the Asset Sale and Oversight team for International Banking.
• Develops and implements asset sales strategies.
• Monitors and reports on asset sale performance.
• Ensures compliance with regulatory obligations.

Skills

Retail and Small Business Credit products

Asset sale practices

Analytical skills

Excellent communication skills

Spanish fluency

Education

Undergraduate degree in business, economics, statistics, or finance

Job description

Requisition ID : 230890

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

Leads and oversees the asset sales and oversight team for International Banking ensuring activities are executed soundly and delivered in compliance with governing regulations internal policies and procedures. The Director of Asset Sales and Oversight acts as a subject matter expert on non-performing asset sales (i.e. distressed or written off) and manages pre-contract strategy outreach negotiation and due diligence to ensure optimal pricing and risk management. Additionally they provide post-contract governance and counsel to country risk teams to ensure effective risk practices and processes are in place. The Director is accountable for the development of the asset sale target operating model and ongoing sustainment to drive efficiency impact and compliance. Retail - including Small Business - asset sales can occur across various portfolios concurrently and contribute to the overall effectiveness of retail collections and recoveries. Future scope may expand to related portfolios or services in other Divisions or business segments.

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.
• Heads the Asset Sale and Oversight team for International Banking and collaborates with internal stakeholders to align non-performing asset sale strategies with retail collections and recovery goals.
• Develops and implements asset sales strategies that align with the Bank and countrys goals and in alignment with regulatory obligations. Mitigates risks / loss to the Bank by ensuring adherence to credit risk management policies operational guidelines and code of conduct.
• Manages pre-contract activities in partnership with country or portfolio leaders ensuring thorough due diligence to maximize recovery and minimize risk. This includes pre-contract strategy structuring transactions marketing outreach timely third-party negotiation incorporating country input for valuation and final recommendations.
• Ensures accounts in the datasets presented to potential buyers meet the countrys eligibility and exclusion criteria and accurately reflect the sale portfolio. Verifies that the contract agreements align with the countrys operational and data capabilities for forward flow or spot sale transactions.
• Provides expert guidance and governance to country and regional teams on post-contract asset sale management and risk practices. Ensures timely execution of operational requirements and escalates concerns when in-country attention is needed or there are delays in meeting contract commitments.
• Monitors and reports on asset sale performance to various levels of Executive Leadership providing updates insights and recommendations for transactions risk management issues and opportunities.
• Remains abreast of industry trends key players and market behaviors to support the Banks competitiveness to potential buyers. Ensures effective communication and coordination with external buyers legal teams regulatory bodies and stakeholders to execute successful transactions while maintaining the highest standards of compliance.
• Drives continuous improvement of non-performing asset sale activities in support of effective collections and recoveries including development of the target operating model streamlining and / or integration of automation and technology. Ensures that off-model or related audit issues are remediated by accountable parties and enforces sustainment of effective practices.
• Participates in GRM Transformation program and other risk projects as delegated. Supports potential expansion of non-performing asset sale activities to related portfolios services teams or scope.
• Understands how the Banks risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Creates an environment in which their team pursues effective and efficient operations of their respective areas in accordance with Scotiabanks Values its Code of Conduct and the Global Sales Principles while ensuring the adequacy adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational compliance AML / ATF / sanctions and conduct risk.
• Builds a high-performance environment and implements a people strategy that attracts retains develops and motivates their team by fostering an inclusive work environment and using a coaching mindset and behaviours; communicating vison / values / business strategy; and managing succession and development planning for the team.

Do you have the skills that will enable you to succeed in this role - Wed love to work with you if you have :

Undergraduate degree or higher required. Degree in business economics statistics or finance preferred

10-15 years of relevant work experience

Expert knowledge of Retail and Small Business Credit products

Expert knowledge of Asset sale practices and debt recovery legislation policies practices across all IB markets

Thorough knowledge of Divisional departments and major stakeholders; external marketplace; Bank systems; project management disciplines; HR and Performance Management practices

Good understanding of the Banks business plans and objectives

Experience in complex project and program management

Strong analytical skills and the ability to design and interpret information / data required to make recommendations and monitor performance

Excellent communication skills to articulate viewpoints / opinions to all levels within the Bank. The incumbent must be able to represent Scotiabank to various external parties or regulators.

Spanish fluency required

Whats in it for you

An inclusive & collaborative working environment that encourages creativity curiosity and celebrates success!

We offer a competitive rewards package : Performance bonus Employee Share Ownership Program and Pension Plan Matching Health Benefits from day one!

Your career matters! You will have access to career development and progression opportunities.

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.

Required Experience :

Exec

Key Skills

Category Management,Athletics,Customer,ABAP,Hydraulics,ITI

Employment Type : Full Time

Experience : years

Vacancy : 1