Senior Manager, Risk Management

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

Job summary

Scotiabank is seeking a Senior Manager for Technology and Innovation Banking Risk. The role involves adjudicating complex credit proposals, ensuring portfolio growth, and maintaining rigorous credit management practices in a fast-paced environment. Ideal candidates are knowledgeable in risk assessment and financial analysis, with a keen interest in technology industries.

Benefits

Performance bonus

Employee Share Ownership Program

Pension Plan Matching

Health Benefits from day one

Career development opportunities

Qualifications

• Extensive knowledge of complex deal structures.
• Good experience in risk assessment and financial analysis.
• Computer literacy in monitoring systems.

Responsibilities

• Contribute to growth and manage loan losses.
• Provide high quality support on credit proposals.
• Develop and maintain sound credit management practices.

Skills

Risk assessment

Financial analysis

Problem solving

Complex deal structures

Job description

Requisition ID: 228234

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

This position is focused on adjudication of credits from the Technology and Innovation Banking (TIB) portfolio as well as TIB supported files form the rest of the bank. While extensive knowledge of the technology industry (software, hardware, services, telecom) is not required up front, a successful Risk Manager must be insatiably curious about the tech industry – this is a role that requires a lot of learning. Many of the borrowers are EBITDA negative and also venture capital sponsored – which makes adjudication complex. The borrowers face a higher amount of uncertainty and are often growing very quickly, so their context is always changing – this is a fast-paced corner of the lending world. Working closely with the Director Risk Management, the Senior Manager TIB Risk 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:

Term credits

Subordinated Debt Credits

Recommendation of equity investments as required

• providing guidance and counsel to District offices on quality of submission, analysis, presentation;
• recommending credits/investments in excess of limits to Senior Credit Committee;
• providing strong direction to the Banking Team(s) in terms of management of risk and maximization of equity gains 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 Technology 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.
• ensuring knowledge of mezzanine/venture debt/equity is consistently updated and increased to provide greater support to the Banking Team(s).
• completing courses and attending seminars to ensure general knowledge of equity markets, 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:

• 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 District Office staff in due diligence, assessment, structuring, training and administrative responsibilities.
• Experience with problem loan management.
• A demonstrated interest in learning about new industries. Basic knowledge of the software industry and venture capital would be useful. Prior non-bank experience would also be useful.
• Computer literacy especially in the use of monitoring systems to assist in the administration of loan and investment portfolio.
• Demonstrated skills in problem solving, structuring and pricing credits, and managing and collecting problem accounts.

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.