Manager, Commercial Credit

Scotiabank•Halifax, NS

1d•Hybrid

About The Position

The Manager, Commercial Credit, will ensure credit adjudication, control activities and related processes are conducted within a strong risk culture, focusing on emerging risks and within risk appetite. They will provide objective oversight and effective challenge, enable capital optimization, ensure ongoing monitoring, and partner with business lines to develop effective strategy.

Requirements

Minimum of 3 years of experience in financial analysis or credit adjudication.
Minimum Post-Secondary Education completed in business or related area.
Understanding of Bank lending policies and procedures, financial analysis, risk assessment techniques, credit structuring, collateral and security documentation and registration, collection, related legislation and accounting practices.
Proven credit judgment.
Proven ability in administering a Commercial credit portfolio.
Good negotiation and problem resolution skills.
Good communication skills, written and verbal, to produce informative, concise and professional credit replies, presentations and correspondence.
Good organizational skills and the ability to prioritize work effectively and efficiently.
Good coaching and counseling skills in credit.

Responsibilities

Adjudicate credit requests up to assigned limits; make sound recommendations within the Bank risk appetite and in adherence to our policy and standards.
Evaluate financial and non-financial risks for accurate client risk profiling, and challenge banking strategies and ensuring compliance with bank policies and regulatory requirements.
Provide risk assessment and rating assignment, timely monitoring changes in client’s creditworthiness, and recommending adequate course of action.
Understand economic, political and regulatory framework and how it impacts the assigned portfolio.
Recommend potential actions.
Play an integral role in the client relationship experience by collaborating effectively with Banking, providing feedback to ensure a cohesive and efficient client experience while managing risk effectively.
Ensure adjudication process is achieved within the established SLA parameters.
Validate GRM critical data elements in credit systems which feed capital and provisions.
Support innovation and digitize risk processes, improving accuracy of and speed of credit decisions and operational efficiencies.
Provide proactive and ongoing monitoring of Early Warning Signs and sectorial/market trends, to ensure timely actions on assigned portfolio.
Work with Banking to ensure adherence to all compliance metrics of the loan portfolio is managed effectively within defined KPI.
Support effective and efficient operations of his/her respective areas, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational risk, regulatory compliance risk, AML/ATF risk and conduct risk.