Head of Credit Risk for International Wealth Management
4 weeks ago
Requisition 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 effective policy and growth initiatives.
Key Responsibilities:
- Promote a customer-centric culture within the team to enhance client relationships and leverage broader banking connections, systems, and expertise;
- Work closely with International Private Banking on transactions and risk appetite discussions, contributing to the development and training of a robust risk culture within the business line;
- Partner with International Private Banking to streamline policies and processes in International Wealth Management and identify viable growth opportunities;
- Make credit adjudications within assigned limits as a designated Credit Officer, provide recommendations for over-limit or out-of-policy transactions to the Senior Credit Committee, and authorize waivers, amendments, and non-standard documentation;
- Collaborate with local credit units and International Wealth Management teams to provide guidance and feedback on atypical transactions as necessary;
- Ensure sustainable and profitable growth in Wealth Management credit portfolios by:
- Delivering sound and timely credit application decisions within assigned lending limits through comprehensive analysis and appropriate structuring, pricing, conditions, and security;
- Contributing to the formulation and execution of lending policies and strategies;
- Staying vigilant to emerging market opportunities.
- Maintain the existing portfolio at an acceptable quality and risk level by:
- Monitoring the assigned portfolio and approved credits across geographic, industry, and customer/product segments, ensuring compliance with credit conditions, identifying issues, and taking timely remedial actions;
- Ensuring early identification and effective management of weak and unsatisfactory accounts;
- Alerting management to unfavorable trends and recommending appropriate actions;
- Monitoring compliance with regulatory and internal policies as applicable.
- Support the broader development of the Bank by undertaking various duties, including:
- Participating in due diligence for potential acquisitions;
- Completing special projects as needed.
- Direct daily operations in alignment with the Bank's risk culture and relevant risk appetite statements and limits, reinforcing these principles throughout the team.
- Encourage an environment where the team effectively manages their portfolios while adhering to operational risk, regulatory compliance, AML/ATF risk, and conduct risk controls.
- Contribute to a high-performance culture and people strategy that attracts, retains, develops, and motivates team members by fostering an inclusive work environment; communicating vision, values, and business strategy; and managing succession and development planning.
Qualifications:
- Extensive credit background with 5-10 years of lending experience (experience in IPL structuring is advantageous);
- Fluency in Spanish due to the geographic scope of the team;
- Exceptional analytical capabilities;
- Strong management skills;
- Excellent verbal and written communication abilities;
- Knowledge of workout situations;
- Proficient computer skills;
- Awareness of competitor practices, economic trends, and business developments;
- Business degree and/or a well-rounded background in Banking. An MBA or CA designation would be beneficial;
Scotiabank is a leading financial institution in the Americas, committed to helping our customers, their families, and communities achieve success through a comprehensive range of financial services.
We value the unique skills and experiences that each individual brings to our organization and are dedicated to creating an inclusive and accessible environment for all.
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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 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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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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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 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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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 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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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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