Senior Manager, Wealth Credit Structuring

Senior Manager, Wealth Credit Structuring

Requisition ID: 239802

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

What you will be doing

The Senior Manager of Wealth Credit Structuring focuses on customized commercial credit underwriting (new applications and annual reviews). The role is responsible for contributing to the quality and profitable growth of the Private Banking customized/commercial credit portfolio by completing credit structuring‑related activities for clients, including risk analysis, deal structuring, pricing, negotiation and credit presentations for highly complex deals and credit applications.

Key Responsibilities

- Ensure the timely analysis, structuring and presentation of credit proposals.

- Perform due diligence in evaluating information to identify critical personal/business elements and fundamental risks, and verify material facts.

- Recommend loan pricing and credit‑related fees aligned with risk, profit goals and competitive considerations.

- Provide terms, conditions and covenants to deliver a viable banking proposal within sound credit lending practices.

- Restructure marginal proposals into bankable deals when possible.

- Communicate effectively with (Sr.) Private Bankers to convey rationale for decisions and support client service.

- Guide (Sr.) Private Bankers so they can better serve client needs.

- Participate in client meetings, build relationships, and identify credit and other issues proactively.

- Identify lending and cross‑sell opportunities during the credit application or annual review processes and refer them to the Private Banker and Regional Director Wealth Credit Structuring.

- Conduct annual reviews of commercial loans and services accurately and timely.

- Ensure collateral is properly completed, executed and lodged per Bank policies, including timely IG code reassessment and relationship exit as appropriate.

- Recognize problem accounts early and take action to protect the Bank’s interests.

- Assist with client restructuring, additional security or collateral realization.

- Adhere to regulatory and internal Bank policies (Reputational and Suitability risk, AML, KYC, Business Conduct).

- Maintain accurate credit documentation and security, promptly addressing deficiencies.

- Communicate authorizations accurately, following up on acceptance and documentation.

- Serve as a leader, motivating and developing team performance through learning activities, open communication, and employee development plans.

Qualifications

- 5–10 years of commercial banking experience dealing with high‑net‑worth clients and sophisticated financing requirements.

- In‑depth knowledge of the Bank’s lending policies, practices and procedures and awareness of business, economic and regulatory environments.

- Strong knowledge of financial statements, accounting principles, and capital markets instruments.

- Excellent verbal and written communication and negotiation skills.

- Expertise in credit administration, complex loan documentation and security provision.

- Superior credit assessment and risk analysis capabilities.

- Understanding of customer profitability models and ability to build solid business case justifications.

- Strong interpersonal and teamwork abilities.

- High degree of flexibility and adaptability.

- Proficient PC skills.

- Knowledge of the Wealth Management offering, including Scotiatrust, Scotia Asset Management, ScotiaMcLeod, and the International Private Banking Unit.

- University degree in business, accounting or a related discipline.

Location: Toronto, Ontario, Canada

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 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 we are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation during the recruitment and selection process, please let our Recruitment team know. Candidates must apply online.

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