Manager, Small Business, Credit Risk (International Banking)

Scotiabank; Old Toronto; On-site; CAD 60,000 - 100,000; Full time

Job summary

An established industry player seeks a Manager for Small Business Credit Risk. This role is pivotal in supporting risk management and ensuring compliance with policies and regulations. You will collaborate with various teams to implement best practices, analyze performance trends, and enhance credit strategies. This position offers a dynamic environment where your analytical skills and leadership will drive significant impact. Join a purpose-driven team that values inclusivity and offers career development opportunities. If you thrive in a fast-paced setting and are passionate about risk management, this is the perfect opportunity for you.

Benefits

Inclusive working environment

Competitive rewards package

Career development opportunities

Qualifications

• 1-5 years of relevant work experience in risk management or finance.
• Strong analytical skills with the ability to interpret data effectively.

Responsibilities

• Support risk management through effective governance and oversight.
• Collaborate with teams to implement credit risk management practices.

Skills

Risk Management

Financial Analysis

Analytical Skills

Leadership Skills

Communication Skills

Negotiating Skills

Networking Skills

Fluency in English and Spanish

Education

Undergraduate degree in Finance, Economics, Business

Tools

Marketing Analysis Models

Job description

Title: Manager, Small Business, Credit Risk (International Banking)

Requisition ID: 214032

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

The Manager, Small Business, Credit Risk (International Banking) is responsible to support risk management within established parameters, through effective governance and oversight, by ensuring that business strategies, plans and initiatives are delivered and executed in accordance with Scotiabank’s Risk Appetite and policies framework, governing regulations, guidelines, procedures, and best practices across the industry.

Specifically, the individual is co-responsible for the relationship with both country management and local risk management along with the coordination and implementation of IB’s best risk management practices across the countries; as well as the review of general strategy, initiatives, policies, processes to exercise good stewardship in the role to maximize the overall profitability of Scotiabank International, and its efforts to protect and build shareholder value. An understanding of both traditional retail mass market as well as consumer and microfinance segments is an asset, to properly identify key success metrics and formulate effective risk management strategies.

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

Small Business Target Operating Model (TOM) Project

• Execution and implementation of the SB project roadmap to have a full end-to-end model within GRM.
• Ensure alignment with global policies, government regulations, risk appetite while promoting best practices ensure continuous and profitable growth of assets through the recommendation, development, implementation of policies and processes that provide the best solutions.
• Working closely with partners from Collections, Retail and Small Business Risk, Business Lines, Operations, Finance, Legal, Audit and various other teams to define joint milestones, reach alignment and set cooperation on the development and implementation of the project.
• Identification, escalation and resolution of impediments on the various credit risk and collections-based initiatives in an efficient and timely manner.
• Provide a full PCL portfolio view for SME and define country risk appetite limits for SME, including escalation thresholds and early warning indicators.
• Build analytics and develop comprehensive reporting for the portfolio which will be leveraged by key stakeholders.

Relationships & Communications

• Establish a presence as Country subject matter expert to senior stakeholders and business leads, managing internal relationships with local risk teams, while providing strong support and challenge where necessary.
• Cultivate and manage relationships with local risk teams and key internal stakeholders involved in credit origination/account management strategies.
• Liaise with the local risk team, local Banking and IB Banking team to determine strategic priorities and assess risks associated with new or enhanced small business products.
• Proactively drive and encourage communication of risk issues across businesses and geographies as well as with GRM colleagues and business partners.
• Ensure all risks are appropriately assessed within all risk decisions processes and assess the customer impact in all risk activities; as well as ensure alignment to GRM Retail strategy, risk appetite and global standards.

Country Governance & Oversight

• Provide full oversight of the SB portfolio including ensuring that business strategies, plans and initiatives are delivered and executed in accordance with Scotiabank’s Risk Appetite and Policies framework.
• Keep abreast of changing economic or market conditions, legal and regulatory requirements, operating procedures and practices, management restructurings, and the impact of new technology.
• Effective monitoring, analysis and reporting on country performance trends and results in relation to targets.
• Identify, evaluate, review, and oversee key performance indicators in support of credit origination/account management initiatives for the small business portfolio, seeking alignment with the Bank’s risk appetite.
• Utilize local information, and MIS to gain understanding of BNS results.
• Continuously benchmark best practices across the region to find opportunities to standardize the credit approach across the region.
• Drive effective risk stewardship and acceptable risk-return opportunities by communicating risk appetite and strategic objectives.
• Collaborate with Collection teams to ensure collection policies/strategies/procedures/systems are designed to minimize delinquency and loan losses for retail portfolios.
• Design and maintain Credit Risk Framework Guidelines across IB and within Risk Appetite.
• Review initiatives and portfolio management strategies by ensuring consistency in methodologies across sites and alignment to Risk Appetite Framework and Global Risk Policies.
• Influence business strategies where the risks are assessed as high and help to develop mitigating strategies.
• Responsible for analyzing and validating Countries’ initiatives designed to achieve business growth & loss mitigation goals.
• Support business initiatives without compromising standards of risk and internal control.
• Analyze, and make recommendations and decisions to improve origination/account management and underwriting strategies.
• Maximize risk/return trade-off in new initiative by improving operational and credit processes.

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

• Undergraduate degree in Finance, Economics, Business, or related field.
• 1 – 5 years of relevant work experience.
• Working knowledge of Risk Management, Marketing Analysis Models.
• Exposure to the projection of delinquency rates, loan loss provisions and recoveries.
• Knowledge of risk management practices.
• Strong financial analysis and written skills complemented with solid deductive reasoning.
• Strong analytical skills and ability to design and interpret information/data.
• Able to effectively manage relationships across the Bank.
• Excellent Executive communication and storyboarding skills.
• Strong leadership and interpersonal skills.
• Highly organized with proven ability to make decisions in time pressured environment.
• Strong negotiating and networking skills.
• Fluency in both English and Spanish is mandatory.

What’s in it for you?

• An inclusive & collaborative working environment.
• We offer a competitive rewards package.
• Your career matters! You will have access to career development and progression opportunities.

Location(s): Canada : Ontario : Toronto