Manager, Unsecured Credit Risk

Scotiabank; Toronto; On-site; CAD 90,000 - 130,000; Full time

Benefits offered by this job

Health benefits from day one

Employee Share Ownership Program

Pension Plan Matching

Performance bonus

Job summary

Scotiabank, a leading Canadian bank, seeks a credit risk analytics professional to lead originations and account management strategies for unsecured lending, including credit cards and ULOC. You will leverage SQL, Python, and Power BI to extract data, build models, and deliver insights to senior leaders.

You will analyze portfolio trends, develop early warnings, and partner with Product, Finance, Collections, and Strategy teams to optimize risk-adjusted returns while ensuring data accuracy and

Qualifications

• 3–5 years of portfolio analytics or credit risk experience.
• Experience with unsecured lending products (cards, ULOC) preferred.
• Strong data extraction, manipulation, and storytelling to leadership.
• Bachelor’s in Mathematics, Statistics, Economics, Finance or CS; graduate degree a plus.

Responsibilities

• Develop and implement originations and account management credit risk strategies for unsecured lending.
• Use data sources to optimize risk decisions and line assignments.
• Translate portfolio performance into actionable insights for senior stakeholders.
• Monitor portfolio trends and develop early-warning indicators for emerging risks.
• Automate risk processes and build governance over strategy deployment.

Skills

SQL/Python

Power BI

Data storytelling

Portfolio analytics

Communication

Education

Bachelor's degree in quantitative/business

Graduate degree (asset)

Tools

SQL

SAS

Python

Job description

Requisition ID: 274774

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

The mandate of this role is to lead the development of any of originations or account management credit risk strategies and ongoing portfolio management for unsecured lending products (credit cards, unsecured lines of credit, etc.), to optimize risk/return for Canadian Banking within Global Risk Management.This position combines strong technical execution with business acumen and effective communication to translate portfolio performance into actionable insights for senior stakeholders.

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

• Develop and implement originations and account management strategies, policies, and procedures for Unsecured Lending portfolios using analytics, empirical decision models, and competitive analysis.
• Leverage champion/challenger frameworks and incorporate credit bureau, third-party, and non-traditional data sources to continuously enhance strategies and optimize credit decisions and line assignments.
• Independently conduct analysis, including data extraction and manipulation using advanced tools, translating data into actionable insights and delivering business intelligence through effective storytelling.
• Analyze portfolio trends to identify changes in credit quality, utilization, client behavior, and performance, and develop early-warning indicators to detect population shifts and emerging risks related to unsecured accounts.
• Assess client relationship depth across products to support segmentation, targeting, and optimized treatment strategies.
• Monitor and evaluate existing strategies to identify opportunities, process gaps, and system limitations; recommend enhancements to ensure alignment with risk appetite and avoid unintended risk exposure.
• Perform forward-looking risk assessments to ensure strategies remain within defined risk appetite while balancing growth objectives.
• Drive automation and simplification of processes, including the development of risk thresholds, controls, and monitoring frameworks for execution and performance tracking.
• Promote best practices, leverage advanced analytical tools, and provide governance over strategy design, deployment, and policy enhancements related to originations and account management.

Support Business Line Initiatives / Projects

• Translate analytics into clear, structured, and actionable insights for senior leadership
• Support development of executive-ready materials for governance forums, regulatory requests, and business reviews
• Provide recommendations to improve portfolio performance, credit quality, and risk-adjusted returns
• Deliver timely and high-quality responses to ad-hoc analytical requests

Data Management, Quality & Controls

• Ensure data accuracy, integrity, and consistency across reporting and analytics outputs
• Perform reconciliation, validation, and quality control checks across multiple data sources
• Proactively identify and resolve data issues, gaps, or inconsistencies
• Maintain documentation on data logic, definitions, and methodologies to support audit and governance requirements

Stakeholder Collaboration & Business Support

• Partner with stakeholders across Product, Finance, Collections, and Strategy teams to support initiatives such as:
• New programs or policy changes
• Credit strategy adjustments
• Provide subject matter expertise on portfolio performance and risk drivers
• Build strong working relationships and influence decision-making through data-driven insights

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

• 3-5 years of experience in portfolio analytics, credit risk, or financial analytics
• Experience in unsecured lending products (Credit Cards, ULOC, etc.) strongly preferred
• Proven ability to manage end-to-end analytics deliverables
• Bachelor's degree in a quantitative or business discipline (e.g., Mathematics, Statistics, Economics, Finance, Computer Science) or compensating work experience
• Graduate degree considered an asset
• Strong hands-on experience in data analysis and portfolio monitoring
• Proficiency in SQL/SAS or Python (required)
• Strong experience with Power BI or similar visualization tools
• Ability to structure complex analyses and communicate insights effectively
• Strong analytical thinking and problem-solving skills
• High attention to detail and data accuracy
• Effective communication and data storytelling
• Ability to balance multiple priorities in a fast-paced environment
• Ownership mindset with a proactive approach to identifying opportunities

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.