Senior Manager, Risk Management

Scotiabank; Montreal; On-site; CAD 90,000 - 120,000; Full time

Job summary

Join Scotiabank as a Senior Manager focused on credit adjudication for the Hospitality portfolio. You'll be responsible for approving credit applications, guiding the sales team, and developing sound credit management practices in an inclusive, growth-oriented environment.

Benefits

Professional development opportunities

Internal training programs

Collaborative team environment

Qualifications

• Minimum 5 years of related business financing experience.
• Thorough knowledge of credit and administration policies.
• Ability to make sound decisions in managing a portfolio of loans.

Responsibilities

• Authorize/decline credit proposals and provide guidance to the sales team.
• Analyze and provide recommendations on applications.
• Ensure thorough investigations and accurate analysis of proposals.

Skills

Credit assessment

Financial analysis

Problem solving

Education

Undergraduate degree in commerce, business administration, finance, or accounting

Graduate or professional degree

Job description

Requisition ID: 227889

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

This position is focused on adjudication of credits for the Hospitality portfolio, which falls within the broader Roynat lending portfolio. While extensive knowledge of the Hospitality sector is not required up front, the successful Senior Manager must be insatiably curious about the industry, be willing to attend external conferences and meet with our borrowers across the country, when required. Working closely with a Director Risk Management and our Hospitality Sales Team, the Senior Manager will enjoy an energetic environment.

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

1. Contribute to the profitable growth and quality of Roynat’s portfolio by:

• ensuring loan losses and portfolio profile are managed within prescribed limits.
• authorizing/declining applications for credit proposals within established criteria including:
  i. Term credits
  ii. Subordinated Debt Credits
• providing guidance and counsel to the Hospitality Sales Team on quality of submission, analysis, presentation.
• recommending credits to Senior Credit Committee.
• providing strong direction to the Hospitality Sales Team in terms of management of risk through regular reporting and monitoring.
• providing/recommending action on problem accounts.

2. Providing high quality support on credit proposals by:

• analyzing and providing recommendations on applications that meet criteria.
• assisting field staff in structuring proposals to meet client’s and Roynat’s objectives.
• closely monitoring Roynat’s Hospitality portfolio.
• proactively bringing forward recommendations for problem accounts.
• recommending sound strategies to maximize exit values.

3. Develop and maintain sound credit management practices by:

• ensuring thorough investigations and accurate analysis of proposals are completed.
• ensuring the preparation of comprehensive credit presentations.
• ensuring all accounts are being monitored for conformity to guidelines, terms and conditions, and arrears and problems are effectively controlled.
• completing courses and attending seminars to ensure general knowledge of industry trends, etc. is maintained and up to date.
• Participating and/or providing ‘in-house’ coaching on credit administration and credit presentations and providing direction to staff
• other duties as assigned.

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

• This is a mid level management position within the Risk Management Group. Ideally, the position requires an individual with an undergraduate university degree in commerce, business administration, finance, or accounting, together with a minimum of five years of related business financing, corporate finance, merchant banking, or direct business experience. A graduate or professional degree and/or problem loan management experience would be significant enhancements.
• The incumbent requires a thorough knowledge of credit and administration policies and procedures. Excellent initial assessment, credit and administrative skills are a must. The individual is a leader with a high degree of technical expertise and can analyze proposals and make sound decisions in managing a portfolio of loans. The individual is required to make/recommend credit decisions, as necessary, in accordance with Roynat’s Credit Risk Policy Levels as set out from time to time.
• A comprehensive understanding of legal, tax, environmental, and bankruptcy and insolvency legislation is also required.
• Extensive knowledge of complex deal structures, financing products and services.
• Good experience in risk assessment and financial analysis.
• Awareness of differing regional tax, legal structures.
• Provide leadership to all Hospitality Team staff in due diligence, assessment, structuring, training and administrative responsibilities.
• Experience with problem loan management.
• Computer literacy especially in the use of monitoring systems to assist in the administration of loan portfolio.
• Demonstrated skills in problem solving, structuring and pricing credits, and managing and collecting problem accounts.

What's in it for you?

• The opportunity to join a forward-thinking and collaborative team, surrounded by innovative thinkers
• A rewarding career path with diverse opportunities for professional development
• Internal training to support your growth and enhance your skills
• An inclusive working environment that encourages creativity, curiosity, and celebrates success!

Location(s): Canada : Alberta : Calgary || 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.