Manager, Commercial Credit
1 week ago
Requisition ID: 160136
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
**Purpose of Job**:
Adjudicate on credits for Growth & Core Segment Credits for Commercial Banking Credits within the framework of the Commercial Credit Administration Handbook, Bank Policy, and Credit Policy.
**Specific Accountabilities**:
- Ensure sound and timely credit decisions conforming to Bank policies and procedures by:
- Presenting sound and effective recommendations on credit requests above established limits,
- Maintaining a current awareness of the Bank’s loan policies, economic and business trends.
- Oversees an assigned portfolio, monitors unsatisfactory trends in risk ratings, credit conditions, overdue reporting, annual reviews etc., and initiates corrective action.
- Contribute to the development of the Bank’s commercial human resources by identifying training/coaching needs.
- Restructures credit requests as necessary to make bankable deals in line with Bank policy and guidelines.
- Negotiates with CRM’s and Team leads to ensure credit terms and conditions are appropriate to ensure sound risk selection and that client needs are met.
- Liaise with business partners in Commercial, Professional, and Private Banking (as required) to maintain open communication to ensure Scotia service levels are provided to internal customers.
- Participates in various projects to ensure better efficiencies and uniformity/transparency to existing processes and procedures.
**Complexity and Scope of the position**:
- Comprehensive knowledge of the Bank’s products and services
- Expert 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
- Good understanding of the Bank’s operating policies and procedures
- Proven credit judgment
- Proven ability in administering a Commercial credit portfolio
- 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
- Strong coaching and counseling skills in credit
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.
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