Analyst, Wealth Credit Structuring

7 days ago

Montreal, Quebec, Canada Scotiabank Full time

Requisition ID: 199594

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

The Analyst, Wealth Credit Structuring is responsible for contributing to the profitable growth and quality of the Bank's Private Banking Credit portfolio for highly complex and customized financial solutions by collecting, processing and assimilating customer reporting information and supporting the Director, Private Banking Credit Solutions (DPBCS) and (Sr.) Credit Solution Manager (CSM) in the preparation of the write-up of credit applications, which may include financial modelling and due diligence. The incumbent will assist the DPBCS or CSM in providing administrative support and service for client-facing interactions.

Accountabilities
  1. Process and Analyze Customer Reporting items by:
  • Maintaining a complete monitoring system(s) to ensure customer reporting is completed in a timely manner;
  • Updating the monitoring system(s) with necessary information to ensure accuracy of the customer reporting requirements (this includes various data such as annual review date, etc);
  • Completing the spreading of financial statements in Moody's Risk Analyst (RA) and the Financial Analysis Worksheet (FAW) in an accurate and timely manner as required;
  • Identifying and actioning customer reporting items that are overdue, and following up with Credit Solutions Manager and/or Private Banker for overdue items that are between 0 and 60 days overdue. The objective is to minimize the number of items outstanding beyond 60 days which would otherwise need to be escalated;
  • Supporting the offside conditions and onside with material deterioration process by:
  • Advising DPBCS / CSM when offside conditions or material deteriorations have occurred and commencing offside memos as required, under the guidance of the DPBCS / CSM;
  • Updating the monitoring system(s) to identify offside reporting conditions and removing flag when authorized
  • Ensuring that all relevant correspondence and authorizations are properly stored in the Shared Document Repository (SDR)
  • Ensuring fees, pricing, IG and authorized limit changes are correctly processed/resolving as required and systems as applicable are appropriately updated.
  1. Support the Annual Review process and preparation of credit correspondence by:
  • Analyzing client files in the monitoring system(s) to determine annual review reporting items that are due;
  • Commencing the preparation of 1035s and assisting DPBCS / CSM as necessary;
  • Preparing/completing spreads of annual financial reporting as necessary in the FAW;
  • Ensuring client files are complete and up to date in monitoring system(s), and that all relevant correspondence and authorizations related to the Annual Review process are properly stored in the Shared Document Repository (SDR);
  • Ensuring fees, pricing, IG and authorized limit changes are correctly processed/resolving as required and systems updated as required to reflect the information outlined in the Credit Authorization;
  • Collecting confirmation of conditions precedent items as outlined in Commitment Letter/Credit Authorization, and uploading items into SDR as part of the Annual Review process;
  1. Providing other administrative support as required for credit, client-facing and/or fulfillment activities.
  2. Ensuring adherence to the Bank's Anti-Money Laundering program, Know Your Customer requirements and Guidelines for Business Conduct, by reporting any unusual occurrences or fraudulent activities per established procedures.
Experience
  • Well organized and ability to multi-task
  • Good excel skills needed to prepare and update Financial Analysis Worksheets
  • Good credit skills (familiarity with writing up complex deals, spreading financial statements, assessing risk, financial modeling and drawing conclusions)
  • Good Moody's Financial Analysis knowledge
  • Intermediate accounting and financial statement analysis
  • Good communication skills (oral and written)
  • Interpersonal skills to effectively interface with customers
  • Good knowledge of the Bank's retail, commercial and private banking products and services
  • Negotiation skills required for internal discussions
  • Customer contact may be required for follow-up on information gathering for new deals, interim/annual reviews and compliance
  • Bilingualism in English and French would be an asset but not required in Halifax and Ottawa
  • Bilingualism in English and French would be required in Montréal. Pursuant to a language needs assessment conducted by Scotiabank, the successful candidate will be required to be able to communicate in English in addition to French because they will be required to work closely with other groups from head office who operate primarily in English.

Location(s): Canada : Quebec : Montreal || Canada : Nova Scotia : Halifax || Canada : Ontario : Ottawa

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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