Risk Management Specialist

4 weeks ago

Toronto, Ontario, Canada Scotiabank Full time

Requisition ID: 203271

At Scotiabank, we're committed to results in an inclusive and high-performing culture. As a Risk Management Specialist, you'll drive improvements in collection strategies by leading the production of policies, strategies, and data-driven analyses that result in applicable insights that improve the Bank's loan losses & profitability.

Key Responsibilities:

Participate in the judicious management of debt collections by:

  • Leading the design, implementation, monitoring, and management of Collection strategies for Canadian portfolios to minimize credit losses by article and assigning appropriate treatments to delinquent accounts
  • Ensuring all credit risks associated with collections are derived and quantified with effective management reporting, across all components of collections (People, Data, Process, Technology, Strategy, Control Quality, and Vendor Management)
  • Lead continuous improvement of all components of collections from a credit risk perspective, leveraging risk technology and by working within the minimum standards defined in the global collections policy
  • Mitigating risks/loss to the Bank by ensuring adherence to credit risk management policies and operational guidelines
  • Continuing to be fully aware of industry trends and opportunities as related to technology, process, and decision science
  • Ensuring future enhancements continue to be identified and implemented
  • Supporting reorganizations/projects to create a Collections organization that is aligned with business partner's judicious focus

Lead initiatives to strengthen the Collections risk and operational effectiveness and efficiency. Continually champion new growth opportunities which lend themselves to the Bank's goal of improving productivity, enhancing service, and reducing costs by:

  • Promoting the reengineering of processes to lower loan losses, improve dollars collected, improve productivity, and reduce costs
  • Driving continuous improvement in strategy effectiveness with focus on incremental profitability (i.e., losses avoided less cost to collect including incentives)
  • Streamlining and/or integrating automation and technology
  • Continually disputing the 'status quo' through innovation
  • Supporting the construction of a Centre of Excellence in Collections

Requirements:

  • Two to three years' experience in credit risk and/or retail banking
  • Experience with statistical software packages such as SAS and SQL
  • Experience with Angoss Knowledge Seeker is preferable
  • Strong leadership, collaboration, and communication
  • Degree in business, economics, statistics, or computer science
  • Experience with using credit risk scores and their application in strategies
  • Results-driven individual with a high level of curiosity and ability to dive into details without losing sight of the big picture
  • Exceptional organization to prioritize, manage, and implement a variety of contesting initiatives, on a concurrent or staggered basis

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