Regional Director Home Financing Lending

3 weeks ago

Toronto, Canada Scotiabank Full time

Requisition ID: 200009

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


Purpose

The Regional Director is responsible for residential mortgage underwriting oversight for the Home Financing Solutions (HFS) business in Real Estate Secured Lending (RESL). The Regional Director manages a team of highly experienced mortgage underwriters, referred to as Home Financing Lending Managers, and plays a critical role in ensuring the mortgages originated from HFS have sound credit quality within the Bank's risk appetite, while driving profitable growth and supporting a winning client experience.



The Regional Director is responsible for implementing tactical strategies, training, and onboarding for their team, and managing the team of HFLMs to meet goals within a balanced scorecard includes:

  • Release for Funding
  • First Time Right
  • Pipeline Management
  • Document Management
  • Expense Management
  • Prefund Exceptions

Accountabilities:

1. Expert residential mortgage credit underwriting leadership experience:

  • Successful track-record of leading underwriting and/or credit risk teams
  • Expert knowledge of mortgage credit policy, residential underwriting, regulatory requirements
  • Strong ability to manage volumes and workflow effectively
  • Proven track-record of managing credit authority / lending limits

2. Lead and manage a team of HFLMs by:

  • Providing direction, guidance, and support as required on mortgage files
  • Recognizing strong performance and managing non-performance
  • Monitor HFLM's pipeline and ensure that they have an adequate supply of business from Home Financing Advisors (HFA) to meet goals. Shift HFAs as required in collaboration with Regional Directors, Sales.
  • Preparing and obtaining agreement on individualized business plans for all Direct Reports, to ensure all required responsibilities, practices and disciplines are in place.

3. Ensure effective servicing, processing (underwriting, adjudication, due diligence) and approval of mortgage applications and maintain the overall credit quality within the established parameters for underwriting by:

  • Effectively communicating Bank lending policy and procedures to HFLM's to instill a thorough knowledge of lending requirements, and qualifying parameters.
  • Providing guidance and counselling to HFLM's on all new credits; monitoring the quality of credits and integrity of credit risk ratings. Strong ability to identify red flags in applications.
  • Monitoring and ensuring adherence to regulatory and internal Bank requirements and compliance legislation.
  • Analyzing exception applications or applications escalated outside HFLM limits, as well as declined applications.
  • Ensuring control systems are in place to mitigate damages that the Bank could possibly incur and all Direct Reports are abiding by these control systems and authorized credit limitations.
  • Monitoring team performance and taking appropriate action to ensure that sub-standard performance is corrected.
  • Reviewing escalated appraisals
  • Strong ability to work closely with key stakeholders across the Bank (Real Estate Secured Lending Team, Global Risk Management, Fraud, Adjudication Centre of Excellence, Home Financing Solutions Sales Teams, etc).

4. Ensure the Bank and Client's interests are always protected by:

  • Ensuring operating practices and procedures comply with internal Bank and regulatory requirements including Bank policies, rules and regulations, confidentiality of information, Audit/segregation of duties, The Privacy Code, Anti-Money Laundering/Anti-Terrorist Regulations, "Know Your Client" requirements, Corporate Identity Standards, Chain of Communication and Complaint Resolutions, and Code of Conduct
  • Ensuring all documents/forms used by the Department during business comply with Bank standards, provide no risk exposure, and where necessary, are approved by the Bank's Legal Counsel.
  • Making decisions that do not compromise the interests of parties concerned or put the Bank or clients at risk.
  • Ensuring all irregular and fraudulent activity is identified, escalated and investigated and risk mitigation strategies are implemented, liaising with senior management or other business partners as appropriate.
  • Ensuring that all direct reports adhere to their credit limits and properly and accurately enter information into computer underwriting systems.

5. Builds a high-performance environment and implements a people strategy that attracts, retains, develops, and motivates their team by fostering an inclusive work environment and using a coaching mindset and behaviours; communicating vison/values/business strategy; managing succession and development planning for the team.



Education/Experience:

  • Minimum University Degree
  • Expert knowledge in mortgage credit - at least 5+ years of mortgage underwriting experience, and further experience in real estate secured lending
  • Strong ability to work with internal and external stakeholders


Working Conditions:

  • Hybrid working environment, and non-standard hours are a common occurrence. Limited travel as required across Canada.

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 directly 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.

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