Senior Manager, Real Estate Secured Lending Account Management, Retail Credit Risk, GRM

Scotiabank; Toronto; On-site; CAD 100,000 - 130,000; Full time

Job summary

An established industry player is seeking a Senior Manager for Real Estate Secured Lending Account Management. This pivotal role involves leading credit risk management activities, ensuring compliance with regulations, and optimizing policies for long-term success. The ideal candidate will have extensive experience in credit risk management, strong analytical skills, and the ability to collaborate with cross-functional teams. Join a purpose-driven team that values inclusivity and offers a dynamic work environment where your contributions will shape the future of lending practices.

Qualifications

• 5+ years in financial services, focusing on Credit Risk Management.
• Strong understanding of retail credit and risk management policies.
• Experience in revolving credit risk management is highly desirable.

Responsibilities

• Design and oversee account management credit policies for Real Estate Secured Lending.
• Ensure compliance with residential mortgage underwriting regulations.
• Monitor portfolio trends and recommend enhancements to policies.

Skills

Credit Risk Management

Mortgage Product Management

Data Analysis

Analytical Skills

Communication Skills

Attention to Detail

Organizational Skills

Multi-tasking

Education

University Degree in Finance

University Degree in Economics

University Degree in Business

Tools

Microsoft Office

SAS

Python

Job description

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Requisition ID: 223991

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

Senior Manager, RESL Account Management contributes to the overall success of Retail Credit Risk, Real Estate Secured Lending (RESL) in Canada by leading the account management risk management activities, including establishing, implementing, and routinely updating Account Management Credit Risk policies, procedures, and guidelines with a focus on real estate secured revolving credits and Scotia Total Equity Plan (STEP) program.

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

• Design, develop, implement, and oversee account management credit policies for Real Estate Secured Lending, ensuring alignment with the Risk Appetite Framework to optimize long-term risk/return.
• Ensure compliance with residential mortgage underwriting regulations, focusing on OSFI B-20 Guidelines. Support the review and attestation of the Residential Mortgage Underwriting Policy (RMUP) and related policies. Stay updated on risk and regulatory changes impacting business initiatives.
• Monitor and review existing policies and portfolio trends to identify risks and opportunities, maintaining portfolio quality and improving policy procedures' efficiency and effectiveness.
• Recommend and promote enhancements to RESL Account Management policies and strategies based on the Bank’s strategy, market trends, competitive landscape, and regulatory requirements.
• Collaborate with the RESL business line to evaluate proposed policy and business process changes, providing constructive challenges to ensure sound risk management oversight.
• Work closely with risk technology and product system partners to ensure accurate implementation of credit policies and strategies, timely identification and resolution of production issues, and support enhancements to risk management systems, automation, and analytics for improved efficiency and decision-making.
• Conduct data analysis to validate policy parameters, assess changes' impact, monitor adherence to credit policies, investigate exceptions, and provide responses to business lines. Ensure timely tracking and monitoring of policy and strategy changes.
• Stay up-to-date with industry trends and best practices, identifying opportunities for improvement in credit risk management processes.
  
  

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

• A university degree in Finance, Economics, Business, or a related field.
• At least 5 years of experience in the financial services industry, specifically in Credit Risk Management, Mortgage Product Management, or Credit Adjudication/Underwriting. Experience in revolving credit risk management is highly desirable.
• A solid understanding of retail credit, risk management, and the policies/procedures associated with retail credit products and delivery channels.
• Strong analytical skills, with the ability to design and interpret data required to monitor credit portfolio performance. Demonstrated experience with data analysis and advanced Excel skills is essential. Advanced data analytics skills are a plus.
• Excellent verbal and written communication skills, with the ability to effectively convey information to various levels of management.
• Attention to detail, strong planning and organizational skills, and the ability to multi-task and manage changing priorities.
• The ability to work independently and provide sound recommendations.
• Proficiency in Microsoft Office and data analysis tools (such as SAS, Python, or similar) is an asset.
  
  

What's in it for you?

• Authority, Decision Making, Direction Received:
• The incumbent must be self-motivated and is expected to work independently in carrying out his/her accountabilities.
• The position requires the ability to effectively perform in a fast-paced environment and collaborate with cross-functional teams including RESL business line, Collections, Operations, System and Technologies, Analytics and Reporting, Risk Governance, and external credit bureaus.
• The incumbent is expected to regularly advise the Director of the status of activities. He/she seeks direction/approval from the Director on significant unusual issues.
  

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.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Sales and Management

• Industries

  Banking

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