Senior Manager GRM Wealth Management

Scotiabank•Toronto, ON

34d•Onsite

About The Position

The Senior Manager GRM Wealth Management is responsible for ensuring effective and efficient maintenance of a designated portfolio of loans at an acceptable level of risk by exercising sound credit judgment, in approving, restructuring, and recommending applications, monitoring credit quality, and overall portfolio conditions. The role supports the fast growing and dynamic Private Banking business line in assessing and adjudicating credit requests within adjudication limits, in accordance with the Credit Policy Manual, other Bank policies and defined credit procedures. The role primarily works independently effectively managing a portfolio of Private Banking exposures, while also working collaboratively within a team environment.

Requirements

A comprehensive knowledge of the Bank's products and services.
Solid understanding of Private Banking lending policies and procedures, financial analysis, risk assessment, credit structuring, collateral and security documentation and registration, collection, related legislation and accounting practices.
Solid understanding of the Bank's operating policies and procedures.
Strong negotiation and problem resolution skills.
Strong communication skills, written and verbal, in order to produce informative, concise and professional credit replies, presentations and correspondence.
Strong organizational skills and the ability to prioritize work effectively and efficiently.
Ability to make decisions, frequently in the face of uncertainty, and clearly communicate rationale for decisions.
Undergraduate degree in Business, Economics, Finance.
Several years of progressive credit adjudication, commercial/corporate/real estate credit, banking experience, or related equivalent experience is strongly preferred.

Nice To Haves

MBA, CMA, CFA, CA, or other finance designations are an asset.
Knowledge of Spanish and/or French is not required, but could be an asset given geographic scope of the team.
Spanish is a plus

Responsibilities

Ensure sound and timely credit decisions (within established service level agreements) conforming to Bank policies and procedures.
Ensure credit applications are properly and accurately reviewed, analyzed, and documented in relation to Private Banking policies, procedures, and underwriting standards.
Consistently exercise credit judgment in approving and declining credit applications within established limits.
Present recommendations on credit requests above established limits.
Oversee an assigned portfolio, monitor unsatisfactory trends in risk ratings, credit conditions, overdue reporting, compliance, annual reviews etc.
Ensure credit requests are adjudicated promptly, efficiently and within service level agreements.
Restructure credit requests as necessary into bankable deals in line with Bank policy and guidelines.
Negotiate with Private Bankers to ensure credit terms and conditions are appropriate to ensure sound risk selection and that client needs are met.
Active involvement in project and policy work to obtain improved efficiencies.
Liaise with business partners in Private Banking, Commercial Banking, Retail Banking, and Scotia Capital to maintain open communication to ensure good service levels are provided to internal customers.
Leverage effective clear verbal and written communication of credit decisions with the provision of coaching and guidance when applicable to ensure the rationale behind a credit decision is fully understood.
Maintain a current awareness of the Bank's loan policies, economic and business trends.
Provide coaching and guidance to Private Bankers concerning credit applications.
Contribute to the development of Private Bankers by identifying training needs.
Complete training and development requirements as applicable.