Director, GRM Wealth Management

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

Job summary

A leading bank in the Americas is seeking a Director for Wealth Management Credit. The successful candidate will manage the quality of the Wealth Management portfolio, making timely credit decisions and monitoring risks. Candidates should have 5-10 years of lending experience, excellent analytical skills, and a strong understanding of credit policies. This role fosters a customer-focused culture and contributes to the development of the team.

Qualifications

• 5-10 years of lending experience.
• Strong understanding of credit analysis and risk management.
• Experience in fostering a customer-focused culture.

Responsibilities

• Deepen client relationships and leverage broader Bank relationships.
• Make timely credit decisions based on thorough analysis.
• Monitor portfolio quality and manage risk exposure.

Skills

Broad credit background

Excellent analytical skills

Excellent verbal and written communication skills

Knowledge of workout situations

Awareness of competitor practices, economic and business trends

Knowledge of Spanish and/or French

Education

Business degree and/or well diversified background in Banking

MBA/CA designation

Job description

Overview

Requisition ID: 236518

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

The Director Wealth Management Credit contributes to the sound asset growth and overall credit quality of the Wealth Management portfolio by ensuring the assigned portfolio of Wealth Management loans are maintained in sound condition within the Bank's current credit policy and local regulations.

Location: Canada : Ontario : Toronto

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

Location: 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.

Responsibilities

• Fosters a customer focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems and knowledge;
• Collaborates with Private Banking and Wealth Credit Structuring on transactions and risk appetite topics, and contributes to development, training, and fostering a risk culture within the business line;
• Adjudicates on credits within assigned limits (as a designated Credit Officer), provides recommendations for over limit / out-of-policy deals to the Senior Credit Committee, and authorizes waivers, amendments and non-standard documentation.
• Ensures well founded and profitable growth in the Wealth Management credit portfolios by:
• providing sound and timely decisions on applications for credit, within assigned lending limits, through thorough analysis with suitable structure, pricing, conditions, and security stipulated.
• contributing to the development and implementation of lending policies and strategies; and
• being alert to other market opportunities.
• Ensures that the existing portfolio is maintained at a level of acceptable quality and risk by:
• monitoring the assigned portfolio and approved credits on a geographic, industry, and customer / product basis, ensuring adherence to condition of credit, identifying issues and taking remedial action in a timely manner;
• ensuring early identification and sound administration of weak and unsatisfactory accounts
• alerting management to unsatisfactory trends and recommending suitable courses of action; and,
• monitoring adherence to regulatory and internal policies as applicable.
• Assists in the greater development of the Bank by undertaking completion of sundry duties, including:
• Participating in due diligence exercises with respect to potential acquisitions.
• Completing special projects as required. Directs day-to-day activities in a manner consistent with the Bank’s risk culture and the relevant risk appetite statement and limits. Reinforces the Bank’s risk culture and risk appetite statement throughout their teams.
• Fosters an environment in which their team effectively and efficiently manages their assigned portfolios while adhering to day-to-day business controls with respect to operational risk, regulatory compliance risk, AML/ATF risk and conduct risk.
• Contributes to a high-performance environment and people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment; communicating vision/values/business strategy and managing succession and development planning for the team.

Qualifications

• Broad credit background and 5-10 years of lending experience
• Excellent analytical skills
• Excellent verbal and written communication skills
• Knowledge of workout situations
• Awareness of competitor practices, economic and business trends
• Business degree and/or well diversified background in Banking. An MBA/CA designation would be an asset
• Knowledge of Spanish and/or French is not required but would be an asset given geographic scope of the team.

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.