Senior Manager, RESL Portfolio Management & Analytics, Global Risk Management

Scotiabank; Toronto; On-site; CAD 140,000 - 160,000; Full time

Job summary

An established industry player is seeking a Senior Manager for Portfolio Management & Analytics within Global Risk Management. This pivotal role involves monitoring key risk performance of the Real Estate Secured Lending portfolio and enhancing business intelligence tools. You will leverage your analytical expertise to provide actionable insights that drive credit risk decisions and optimize risk rewards ratios. Collaborating with various stakeholders, you will analyze market trends and contribute to strategic initiatives that align with the Bank's risk appetite. Join a dynamic team that values creativity and fosters a culture of success, while enjoying a competitive rewards package and opportunities for career growth.

Benefits

Performance bonus

Employee Share Ownership Program

Pension Plan Matching

Health Benefits from day one

Career development opportunities

Qualifications

• 5+ years of analytical experience required including statistical analysis.
• 2+ years of experience in Credit Risk Management.
• Strong knowledge of Real Estate Secured Lending Product is a strong asset.

Responsibilities

• Use Business Intelligence tools to provide dynamic reporting on key performance metrics.
• Perform research and analysis to identify portfolio trends and opportunities.
• Collaborate with Strategy and Policy teams to provide measurement and reporting.

Skills

SQL

SAS

Python

Power BI

Tableau

Statistical Analysis

Communication Skills

Project Management

Analytical Skills

Education

University degree in relevant STEM discipline

Economics, Statistics, Business, Data Science

Tools

Microsoft Excel

Microsoft Word

Google Cloud Platform

Hadoop

Job description

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Join to apply for the Senior Manager, RESL Portfolio Management & Analytics, Global Risk Management role at Scotiabank

Requisition ID: 222897

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

The Senior Manager, RESL Portfolio Management & Analytics will monitor key risk performance of the Real Estate Secured Lending (RESL) portfolio and contribute to the development and enhancement of business intelligence tools and provide actionable insights to Risk teams as well as product and business line partners. As a subject matter expert on the RESL portfolio, the incumbent will provide the team with advanced data analytics, monitoring and measurement on the health of the RESL portfolio to ensure strategies and policies are within the Risk Appetite.

The incumbent will leverage their credit risk experience and deep analytical capability to identify opportunities for growth within risk appetite, identify areas (sub-product and client segments) needing attention including early warning metrics, and make actionable recommendations to mitigate risk.

They will work with multiple stakeholders and partners within and outside GRM to provide analytical insights based on excellent analytical, communication, and relationship management skills.

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

• Use a variety of Business Intelligence analytical and reporting tools (ex. SQL, SAS, Python, PowerBI) to provide dynamic reporting on key performance metrics to various stakeholders in GRM and business lines. Lead new report creation and look for opportunities to optimize workstream.
• Perform research and analysis to identify portfolio, macro and market trends and opportunities across unique retail lending portfolios. Provide actionable insights and meaningful messages from the reporting to drive credit risk decisions. Able to tell a story by synthesizing vast amounts of data into coherent messages.
• Proactively provide strategic analysis that will assist in optimizing risk rewards ratios and grow the portfolio within risk appetite
• Collaborate with Strategy and Policy teams to provide measurement and reporting on strategic initiatives such as acquisition dynamics and quality, line optimization and collections effectiveness
• Analyze strategy effectiveness, leverage champion/challenger capabilities to confirm assumptions and recommend changes, identify if any credit risks are or will become in excess of the risk appetite framework and make recommendations on how to mitigate.
• Forward looking to proactively identify areas of heightened risk requiring extra attention, analysis or monitoring.
• Explore opportunities using latest innovative/advanced analytics, score modeling and Business Intelligence tools to showcase portfolio dynamics, derive insights and streamline processes
• Aim to move from descriptive to prescriptive analytics by focusing on key drivers of portfolio risk and profitability and finding creative opportunities to solve challenging problems.
• Continuously enhance knowledge of business/product strategies, competitive practices, market insights and other policies, technical processes and advanced analytical tools/methodologies in order to best provide business solutions to all key constituents
• Support investigations and solutioning for OSFI questions/findings in an appropriate /acceptable timeframe.
• Support investigations and solutioning needed for issues identified by Prefund Review and/or Internal Audit items in an appropriate timeframe.
• Liaise with the Fraud Department and Security and Investigations as required.
• Ensure all business line strategic priorities (i.e. life-cycle strategies, early warning triggers, provisioning, etc.) are consistent with Risk Appetite Framework. Recommend changes to business line strategies to ensure the Bank does not take on more credit risk than planned.
  
  

Skills

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

• University degree in relevant STEM discipline or similar (i.e. Economics, Statistics, Business, Data Science, Technology, Engineering, Mathematics, and Risk Management)
• 5+ years of analytical experience required including statistical analysis
• 2+ years of experience in Credit Risk Management
• Must be proficient in using SAS, SQL, Python, Power BI and Tableau for data analysis.
• Strong knowledge of Microsoft word, Excel, Pivots, PPT, etc.
• Excellent verbal and written communication skills, prioritizing, planning & problem-solving skills. Experiencing presenting to senior audiences.
• Project management and leadership skills to prioritize, manage and implement a variety of competing initiatives, on a concurrent or staggered basis
• Knowledge of Real Estate Secured Lending Product (Mortgage and Home Equity Line of Credit (HELOC) is a strong asset.
• Experience working in retail credit risk management
• 2+ years experience in Banking Industry or Monoline
• Working experience with Enterprise Data Lake (EDL), Google Cloud Platform (GCP) and Hadoop platform would be an asset.
  
  

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. 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

  Finance and Sales

• Industries

  Banking

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