Senior Manager, Global Risk Management - Financial Institutions

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

Job summary

A leading financial institution in Toronto is seeking a Senior Manager for Global Risk Management. Responsibilities include conducting risk assessments, managing a diverse portfolio of financial institutions, and ensuring compliance with established guidelines. Ideal candidates should have a strong background in credit analysis and risk management. This position offers a competitive compensation package and opportunities for professional development.

Benefits

Competitive compensation and benefits

Internal development opportunities

Inclusive and collaborative environment

Qualifications

• Experience in risk assessment and portfolio management.
• Ability to conduct in-depth credit assessments of financial institutions.
• Knowledge of credit analysis frameworks across multiple jurisdictions.

Responsibilities

• Liaise with banking units and maintain strong relationships.
• Perform in-depth risk assessments for credit applications.
• Provide recommendations to senior executives.

Skills

Risk assessment

Portfolio management

Financial statement analysis

Strong analytical skills

Problem-resolution skills

Time management

Education

MBA, CMA, CFA or CA Designation

Job description

Overview

Title: Senior Manager, Global Risk Management - Financial Institutions
Requisition ID: 237955

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. The Senior Manager is responsible for the maintenance and sound asset growth of a portfolio comprising financial institutions, with a focus on Insurance, Banks, Sovereigns and other non-bank financial institutions. The role contributes to the Bank’s loan portfolio management through the timely and accurate adjudication of credits within established underwriting guidelines and policies. The Senior Manager will engage with senior management and banking counterparts globally and will be exposed to significant and varied deal flow.

Given a diverse range of risks in the portfolio and regular interaction with internal contacts, this role offers opportunities for continuous learning and development and to contribute as a credit expert for the Bank.

Responsibilities

• Liaise and maintain a strong working relationship with banking units and product specialist groups globally.
• Review pertinent financial and industry information and perform in-depth risk assessment identifying material risk issues for incoming credit applications.
• Ensure all proposed credit exposures are in compliance with established guidelines and limits and provide rationale for exceptions.
• Provide recommendations to senior executives, present and participate in discussions at senior management Credit Committees.
• Adjudicate on credit applications within approved lending authority.
• Conduct industry analysis and lending guideline policy reviews for submission to senior management, including preparation of board-level reports.
• Develop a high degree of industry knowledge and ensure ongoing quality of the credit portfolio through review of industry publications, assessment of financial reporting packages, and ongoing discussions with banking officers.
• Review documentation governing particular credit facilities as required (i.e., trading documentation).
• Provide accurate data in a timely manner to satisfy regulatory and reporting requirements (e.g., Basel III, OSFI).
• Work on projects and special reviews as assigned by senior management.
• Assist with the training and development of staff.

Qualifications

• While MBA, CMA, CFA or CA Designation is preferred, equivalent industry/credit analysis experience will be considered.
• Risk assessment and portfolio management experience.
• Financial statement analysis and ability to conduct in-depth credit assessments of financial institutions, including forward-looking projections and stress testing.
• Knowledge of credit analysis frameworks and their application to complex financial institutions across multiple accounting, legal and regulatory jurisdictions globally.
• Knowledge of the financial sector and the main business activities of financial institutions, and ability to keep abreast of the changing accounting, legal and regulatory landscape.
• Ability to stay up to date with new products and developments in financial services markets.
• Understanding of the Bank’s business activities within the sector.
• Ability to make decisions and provide appropriate recommendations to senior management and effectively support such recommendations.
• Strong analytical, communication, self-management and technical skills.
• Curiosity, ability to learn, and to apply newly acquired knowledge to daily tasks.
• Strong time management and organizational skills to manage multiple priorities in a fast-paced environment.
• Superior negotiation and problem-resolution skills to reach agreements with business line partners.

What’s in it for you?

• The opportunity to join a forward-thinking company surrounded by a collaborative team of innovative thinkers.
• A great opportunity for a position in Global Risk Management at one of the leading Banks in the segment.
• A rewarding career path with diverse opportunities for professional development.
• Internal development to support your growth and enhance your skills.
• A competitive compensation and benefits package.
• An organization committed to making a difference in our communities – for you and our customers.
• We have an inclusive and collaborative working environment that encourages creativity, curiosity, and celebrates success.

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 during the recruitment 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.