Director, Global Risk management, Mid-Market

Scotiabank; Toronto; On-site; CAD 90,000 - 120,000; Full time

Job summary

A leading North American bank is seeking an experienced credit adjudicator to manage credit requests and client risk evaluation. The ideal candidate will have over 10 years of experience in financial analysis and demonstrate strong leadership in a dynamic environment. This role offers a collaborative workplace and competitive rewards, including performance bonuses and health benefits.

Benefits

Performance bonus

Employee Share Ownership Program

Pension Plan Matching

Health Benefits from day one

Qualifications

• Minimum of 10 years of experience in financial analysis or credit adjudication.
• Expert understanding of security documentation and legal ramifications.
• Ability to manage a team of credit officers effectively.

Responsibilities

• Adjudicate credit requests and make recommendations on larger loans.
• Evaluate financial and non-financial risks for client profiling.
• Monitor changes in clients' creditworthiness.

Skills

Financial analysis

Credit adjudication

Risk assessment

Leadership skills

Communication skills

Education

Post Secondary Education in business or related area

Master's degree (preferably)

Job description

Overview

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. Requisition ID: 241086

Ensure credit adjudication, control activities and related processes are conducted within a strong risk culture, focusing on emerging risks and within risk appetite. Provide an objective oversight and effective challenge, enable capital optimization, ensure ongoing monitoring, and partner with business lines to develop effective strategy.

Responsibilities

• Adjudicate and/or authorize credit requests up to assigned limits; make sound recommendations on larger and/or problem loans within the Bank risk appetite and in adherence to our policy and standards.
• Evaluate financial and non-financial risks for an accurate client risk profiling, challenge banking strategies and risk return over assets below defined threshold ensuring compliance with bank policies and regulatory requirements.
• Risk assessment and rating assignment, timely monitoring changes in client’s creditworthiness, and recommending adequate course of action.
• Understand economic, political and regulatory framework and how it impacts the assigned portfolio. Recommending potential actions.
• Participate in risk committees and deal forums, acting as an advisor partner for Banking.
• Play an integral role in the client relationship experience by collaborating effectively with Banking, providing feedback, participating in client’s meetings/calls/field visits when possible, to ensure a cohesive and efficient client experience while managing risk effectively.
• To ensure adjudication process is achieved within the established SLA parameters.
• Validate / supervise Team’s validation of GRM critical data elements in credit systems which feed capital and provisions.
• Drive / support innovation and digitize risk processes, improving accuracy of and speed of credit decisions and operational efficiencies.
• Account Monitoring: proactive and ongoing monitoring of Early Warning Signs and sectorial/market trends, to ensure timely actions on assigned portfolio.
• Work with Banking to ensure adherence to all compliance metrics of the loan portfolio is managed effectively within defined KPI.
• Actively pursues / supports 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.
• Foster a culture of risk awareness and accountability, leading a client centric culture, provide coaching and an attractive value proposition for talent.

Qualifications

• Minimum of 10 years of experience in financial analysis or credit adjudication.
• Minimum Post Secondary Education completed in business or related area, and preferably a Masters degree.
• Skills in financial analysis and accounting, risk assessment and developing creative financing proposals demonstrating sound credit judgement.
• Expert understanding of security documentation, legal ramifications and remedies is also necessary.
• Strong leadership and coaching skills as demonstrated by the management of a team of credit officers.
• Excellent communication skills (written and oral) to converse effectively with line and corporate personnel.
• Ability to make decisions, frequently in the fact of uncertainty, and clearly communicate rationale for decisions.

What’s 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.