Senior Associate, Scotiabank Asset Finance, Toronto

Scotiabank•Vancouver, BC

1d•Hybrid

About The Position

Roynat Capital, a wholly owned subsidiary of Scotiabank, is a national lender and investor with expertise in providing innovative long-term capital solutions for mid-sized companies utilizing senior term, subordinated debt, as well as mezzanine capital and common share equity. We provide tailored solutions to clients for acquisitions, business expansions, wealth monetization, and working capital enhancement. With a national presence in Canada in major markets, Roynat assists growth-oriented companies in reaching their goals across a wide range of industries. The Senior Associate supports Associate Directors and the Market Vice President in managing the day-to-day activities and maintenance of the Scotiabank Asset Finance loan portfolio, applying sound credit judgment while assisting with the management and administration of accounts.

Requirements

Detail oriented with proven skills in financial analysis, risk assessment and problem solving
Superior communication (oral & written), negotiation and influencing skills to engage and influence stakeholders
Team-oriented personality, comfortable with client interface
Sound business judgment, as demonstrated through previous work experience
Organizational skills and ability to manage multiple tasks
Business/Accounting/Finance degree required

Nice To Haves

MBA, CA or CFA considered an asset
Knowledge of the functionalities of Asset-Based Lending systems an asset (ie. Stucky)
Prior experience in ABL field audit or collateral analysis considered an asset

Responsibilities

Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems, and knowledge
Ensures the ongoing quality and profitable development of the Scotiabank Asset Finance credit portfolio by assisting Associate Directors in: Administration of their respective borrowing accounts (ie. participating in client calls or meetings, assisting in analysis of collateral and financial information, assisting with problem/highly sensitive accounts, completion of annual and interim reviews, etc.)
Using various platforms (Credit Lens, Precision Lender, internal Trend Cards) to analyze client’s financial performance, identify trends, and assess profitability
Assist in the completion of credit applications in collaboration with the Associate Directors
Participating in regular meetings with the Market Vice President to discuss portfolio performance (for the entire Scotiabank Asset Finance loan portfolio), with a focus on any negatively trending or watch list accounts
Identifying early warning signs of potential problem accounts and collaborating with peers, as applicable, including the Market Vice President on account management and strategy to minimize losses
Meeting with Associate Directors and clients periodically to ensure a comprehensive understanding of their businesses and credit needs
Coordinating with Collateral Analysts where needed to ensure client first service
Assists with the scheduling and initial review of field audits and appraisals
Contributes to the ongoing development of credit policies and procedures and the strategic direction of Scotiabank Asset Finance by: Ensuring Scotiabank Asset Finance adheres to any regulatory and internal Bank policies including compliance requirements, such as Reputational and Suitability Risk, as well as the unit’s approved monitoring and control procedures
Understand how the Bank’s risk appetite and risk culture is considered in day-to-day activities and decisions.
Actively pursues effective and efficient operations of his/her respective areas in accordance with Scotiabank’s Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk.
Champions a high performance environment and contributes to an inclusive work environment.