Manager Credit Risk, Business Banking - Scotiabank, Montreal

AI Summary

This Manager Credit Risk, Business Banking role at Scotiabank, located in Mississauga or Montreal, Canada, involves exercising sound credit judgement and providing quality underwriting decisions for small business clients. The incumbent will analyse credit submissions, identify risks, and ensure adherence to established Bank policies. Success in this position requires a comprehensive knowledge of the Bank’s small business products and an expert understanding of lending policies, coupled with strong analytical skills.

About the Role at Scotiabank

As a Manager, Credit Risk within Scotiabank's Adjudication Centre of Expertise, you will play a pivotal role in supporting the success of Global Operations in Canada. This position demands the application of advanced credit judgement to effectively analyse credit submissions, financial disclosures, and pertinent documentation, all while operating within defined risk tolerances. A key responsibility involves ensuring the consistent application of established Bank policies and processes, meticulously analysing and documenting decisions. You will adjudicate within established limits and exception authority, presenting quality recommendations for requests that exceed these limits. The ability to accurately calculate financial ratios, identify appropriate credit conditions, and understand broader business and economic trends is crucial for success in this role. Furthermore, you will be responsible for analysing credit reviews and implementing corrective actions where necessary, contributing directly to the growth and quality of the small business credit portfolio. Maintaining professional and value-added interactions with all partners is essential, as is providing recommendations and alternative solutions, often involving restructuring credit requests with coaching and direction. Operating within the Bank’s risk appetite and culture is paramount in all day-to-day activities and decisions, ensuring that strong rationale and associated mitigants support every identified risk and exception.

Skills and Expertise Required

To excel as a Manager, Credit Risk at Scotiabank, candidates must possess a comprehensive knowledge of the Bank’s small business products and services. An expert understanding of the Bank's lending policies and procedures is essential, encompassing financial analysis, robust risk assessment techniques, credit structuring, and collateral and security documentation and registration. Intermediate accounting and financial statement analysis skills are also required to effectively evaluate complex business scenarios. The role demands strong analytical and problem-resolution skills, enabling the incumbent to navigate intricate credit challenges and provide sound, quality decisions. Being a strong team player is vital, as is the ability to develop harmonious relationships with unit team members and various stakeholders across the bank. Excellent communication skills, both written and verbal, are necessary to produce informative, concise, and professional credit replies, presentations, and correspondence; bilingualism is preferred. Furthermore, strong organizational skills are critical, allowing for effective and efficient prioritization of work in a high-volume environment to meet demanding customer expectations and established service level agreement targets.