Jobs at Scotiabank in Canada

Requisition ID: #

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

Provisions for Credit Losses are one of the most scrutinized expense items on the Bank’s income statement. Accurate, timely and relevant information on loan provisions and on the quality of the loan portfolio is critical to the success of the Bank.

The primary responsibilities of the Senior Manager, Credit Risk Reporting include the management of the aggregation, coordination, analysis and reporting, timely and accurate of the impaired loans data for Executive, Financial and Regulatory reporting.

The Senior Manager liaises with Finance, Investor Relations (IR) and other parts of Global Provisions Team to gather, analyze and review provision data and review/prepare/enhance management committee materials. The ideal candidate also expects to enhance the reporting framework and identify opportunities for improvements.

The Senior Manager supports the Director in deep dive analysis related to provisions and other ad-hoc analysis as requested by Senior Management.

In addition to the core responsibilities, the Senior Manager will also assist in the coordination of audit and SOX related issues for Global Credit Provisions team.

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

1. Lead and drive a customer focused culture throughout the team to especially enhance relationships and ongoing communication within the bank on ACL/PCL.
2. Oversee the consolidation, analysis and reporting of the forecasts and actuals provisions for senior executives, in a timely and effective manner. Provide analysis of the material changes in bps and nationals.
3. Manage the preparation and verification of provisions data for board (ERM) and external distribution through the Bank’s quarterly and annual reports.
4. Collaborate with internal stakeholders such as Internal Ratings Management, Enterprise Stress Testing, Information Technology & Systems (IT&S), local Credit and Finance teams, and Enterprise Risk Management in maintaining and enhancing the IFRS 9 end-to-end process, which includes project planning, data reconciliation, model implementation, control process, governance and reporting.
5. Effectively coordinate the deep dive analysis and respond to ad hoc provisioning information requested by Senior Management.
6. Oversee the impaired loans data input process, coordinating the reconciliation process between Business Lines Finance and GRM Credit Administrators.
7. Manage internal and external audit relationships and effectively monitor the progress of issues raised by them with related stakeholders in the bank.

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

1. A minimum of 5 or more years of progressive, relevant and practical experience preferably with financial institutions in a Credit risk role or in a reporting role.
2. Knowledge of the IFRS 9 accounting standard and enterprise risk management.
3. A graduate degree in accounting, business administration, mathematics, computer science or equivalent is preferred.
4. A breadth of business experience in Banking, with five or more years in Credit Risk or Finance in a quarter end reporting role with solid understanding of IFRS9 provisions methodologies.
5. Hands-on experience with Excel, Access and understanding of SQL/SAS and other data warehouse technologies.
6. Good knowledge of accounting and finance principles.
7. Superior written and oral communication skills are required, as the incumbent will be required to communicate with Executives and other Stakeholders.
8. The ability to work efficiently, often under very tight deadlines and changing priorities.
9. The ability to work as a team player, and to work with extreme accuracy within tight deadlines.

What’s in it for you?

1. An inclusive & collaborative working environment that encourages creativity, curiosity, and celebrates success!
2. We offer a competitive rewards package: Performance bonus, Employee Share Ownership Program, and Pension Plan Matching, Health Benefits from day one!
3. 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 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.