Senior Portfolio Recovery Manager

4 weeks ago


Old Toronto, Canada Scotiabank Full time
Job Summary:
We are seeking a seasoned Senior Portfolio Recovery Manager to lead our Canadian Collections and Recovery efforts. This key role requires strategic direction, leadership, and oversight to maximize recoveries while minimizing loan losses.

About Scotiabank:
As a leading bank in the Americas, we strive to empower our customers, their families, and communities to achieve success through various advice, products, and services. Our purpose is 'for every future.'

Key Responsibilities:
• Develop and execute comprehensive recovery strategies to drive business growth and minimize risk.
• Foster a high-performance environment by implementing effective people management practices and promoting a culture of excellence.
• Build strong relationships with key partners to leverage technology, data, and industry expertise for streamlined collections workflows and improved results.
• Ensure compliance with regulatory requirements, Bank policies, and procedures to maintain a strong risk culture and mitigate potential threats.

Requirements:
• A minimum of 7-10 years of banking experience, preferably in Recovery and Collections, with direct experience in prime and non-prime financing required.
• Expert knowledge of debt recovery legislation, risk management, and collections practices across all markets.
• Strong leadership and change management skills to successfully implement initiatives and drive results.
• Excellent understanding of the Bank's business lines, including credit cards, automotive retail, and small business, along with associated Net Write-Offs and PCLs.
• Ability to effectively communicate and execute business plans, objectives, and initiatives within a fast-paced environment.

Benefits:
As an employee at Scotiabank, you'll enjoy a competitive salary ($120,000 - $180,000 per year) and benefits package, opportunities for professional growth, and a dynamic work environment.

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