Director, International Wealth Management Credit Risk Specialist
2 months ago
About the Role
This is a challenging and rewarding opportunity to join Scotiabank's International Wealth Management team as a Director, International Wealth Management Credit Risk. As a key member of the team, you will be responsible for fostering a customer-focused culture, collaborating with International Private Banking, and ensuring well-founded and profitable growth in the Wealth Management credit portfolios.
Key Responsibilities
- Foster a customer-focused culture throughout the team to deepen client relationships and leverage broader Bank relationships, systems, and knowledge.
- Collaborate with International Private Banking on transactions and risk appetite topics, and contribute to development, training, and fostering a risk culture within the business line.
- Collaborate with International Private Banking on initiatives to streamline International Wealth Management policies/processes and identify judicious growth opportunities/programs.
- Adjudicate on credits within assigned limits (as a designated Credit Officer), provide recommendations for over-limit/out-of-policy deals to the Senior Credit Committee, and authorize waivers, amendments, and non-standard documentation.
- Work with local credit units/International Wealth Management teams in providing advice and counsel or feedback towards atypical transactions as required.
- Ensure well-founded and profitable growth in the Wealth Management credit portfolios by:
- Providing sound and timely decisions on applications for credit, within assigned lending limits, through thorough analysis with suitable structure, pricing, conditions, and security stipulated.
- Contributing to the development and implementation of lending policies and strategies.
- Being alert to other market opportunities.
- Ensure that the existing portfolio is maintained at a level of acceptable quality and risk by:
- Monitoring the assigned portfolio and approved credits on a geographic, industry, and customer/product basis, ensuring adherence to condition of credit, identifying issues, and taking remedial action in a timely manner.
- Ensuring early identification and sound administration of weak and unsatisfactory accounts.
- Alerting management to unsatisfactory trends and recommending suitable courses of action.
- Monitoring adherence to regulatory and internal policies as applicable.
- Assist in the greater development of the Bank by undertaking completion of sundry duties, including:
- Participating in due diligence exercises with respect to potential acquisitions.
- Completing special projects as required.
- Direct day-to-day activities in a manner consistent with the Bank's risk culture and the relevant risk appetite statement and limits.
- Reinforce the Bank's risk culture and risk appetite statement throughout their teams.
- Foster an environment in which their team effectively and efficiently manages their assigned portfolios while adhering to day-to-day business controls with respect to operational risk, regulatory compliance risk, AML/ATF risk, and conduct risk.
- Contribute to a high-performance environment and people strategy that attracts, retains, develops, and motivates their team by fostering an inclusive work environment; informing vision/values/business strategy and managing succession and development planning for the team.
Requirements
- Broad credit background and 5-10 years of lending experience (IPL structuring is an asset).
- Fluent in Spanish given geographic scope of the team.
- Excellent analytical skills.
- Excellent management skills.
- Excellent verbal and written communication skills.
- Knowledge of workout situations.
- Strong computer skills.
- Awareness of competitor practices, economic, and business trends.
- Business degree and/or well-diversified background in Banking. An MBA/CA designation would be an asset.
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Old Toronto, Ontario, Canada Scotiabank Full timeJob Title: Director, International Wealth Management Credit RiskScotiabank is seeking a highly skilled and experienced Director, International Wealth Management Credit Risk to join our team. As a key member of our International Wealth Management team, you will be responsible for leading the credit risk management function and ensuring the overall credit...
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Old Toronto, Ontario, Canada Scotiabank Full timeJob Title: Director, International Wealth Management Credit RiskScotiabank is seeking a highly skilled and experienced Director, International Wealth Management Credit Risk to join our team. As a key member of our International Wealth Management team, you will be responsible for leading the credit risk management function and ensuring the overall credit...
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Old Toronto, Ontario, Canada Scotiabank Full timeRole SummaryWe are seeking a highly skilled and experienced professional to join our team as a Director of International Wealth Management Credit Risk. As a key member of our credit risk management team, you will be responsible for ensuring the overall credit quality of our designated portfolio for International Wealth Management loans.Key...
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Old Toronto, Ontario, Canada Scotiabank Full timeRole SummaryWe are seeking a highly skilled and experienced professional to join our team as a Director of International Wealth Management Credit Risk. As a key member of our credit risk management team, you will be responsible for ensuring the overall credit quality of our designated portfolio for International Wealth Management loans.Key...
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Old Toronto, Ontario, Canada Scotiabank Full timeRequisition ID: 204485 At Scotiabank, we are dedicated to fostering a results-oriented and inclusive culture that empowers our employees. The Director of Credit Risk is responsible for ensuring the overall credit integrity of a specified portfolio within International Wealth Management loans while collaborating on effective policy and growth initiatives. Key...
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Old Toronto, Ontario, Canada Scotiabank Full timeRequisition ID: 204485 At Scotiabank, we are dedicated to fostering a results-oriented and inclusive culture that empowers our employees. The Director of Credit Risk is responsible for ensuring the overall credit integrity of a specified portfolio within International Wealth Management loans while collaborating on effective policy and growth initiatives. Key...
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Toronto, Ontario, Canada Scotiabank Full timeAbout This Role As a Director, International Wealth Management Credit Risk, you will play a pivotal role in shaping the credit risk strategy for our growing international wealth management portfolio. You'll be responsible for fostering a customer-centric culture within your team, collaborating with key stakeholders, and ensuring sound lending practices that...
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Old Toronto, Ontario, Canada Scotiabank Full timeAbout the RoleWe are seeking a highly skilled and experienced Credit Risk Manager to join our International Wealth Management team at Scotiabank. As a key member of our team, you will be responsible for ensuring the overall credit quality of a designated portfolio for International Wealth Management loans.Key ResponsibilitiesPortfolio Management: Foster a...
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Old Toronto, Ontario, Canada Scotiabank Full timeRequisition ID: 204485 At Scotiabank, we are dedicated to fostering a results-oriented environment that values inclusivity and high performance. The Director of International Wealth Management Credit Risk is responsible for overseeing the credit quality of a specified portfolio related to International Wealth Management loans, while also collaborating on...
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Old Toronto, Ontario, Canada Scotiabank Full timeRequisition ID: 204485 We are seeking a dedicated leader to oversee the credit quality of our International Wealth Management loan portfolio while collaborating on effective policy and growth initiatives. Key Responsibilities: Promote a client-centric culture within the team to enhance client relationships and leverage the broader organizational resources...
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