Manager, Special Accounts
2 weeks ago
Requisition ID: 151524
Join the Global Community of Scotiabankers to help customers become better off.
As a
**Manager, Credit Risk - Special Accounts, GRM (Global Risk Management)**, you will perform in depth analysis and management of Commercial Banking Problem loans up to 5 million dollars. Reporting to the Director, you will be responsible for the day to day monitoring and administration of an assigned portfolio of accounts in accordance with the Bank’s policies and guidelines. This includes prudent management of risk, the Bank’s collateral and minimizing loan losses, including making timely recommendations regarding risk ratings, non-accrual loan formations, and loan loss provisioning.
**What will you do in this role?**
- Reporting to the Director, you will be responsible for the day to day monitoring and administration of an assigned portfolio of accounts in accordance with the Bank’s policies and guidelines. This includes prudent management of risk, the Bank’s collateral and minimizing loan losses, including making timely recommendations regarding risk ratings, non-accrual loan formations, and loan loss provisioning.
- You will prepare analysis and recommend strategies for managing distressed loan situations/proposals for Commercial Banking accounts up to 5 million and prepare correspondence relating to these accounts for adjudication by GRM - Regional Credit / Canada Contact Centre and or the Bank’s executive as circumstances require.
- Under circumstances where a risk profile improves, you will give consideration to the appropriateness of file retention and the timely transfer of an account back to Banking.
- You will ensure appropriate fees/pricing is implemented in consideration of risk ratings and Bank resources consumed.
- You will manage relationships with borrowers and other lenders (as required) working with professionals (legal / financial advisory) as necessary and represent the Bank’s position to all parties.
- You will provide guidance and advice to Commercial banking and GRM, as required.
**What we’re looking for**
- Post-Secondary Education completed. CPA / MBA is an asset.
- Previous experience with commercial insolvency and related legal aspects, including documentation
- Previous banking and/or financial experience in account management
- Excellent financial, analytical and problem solving skills with attention to detail
- In-depth knowledge of credit risk policies, products and processes
- Excellent writing and presentation skills
- Strong time management, planning and organizing skills to manage multiple priorities
- Excellent interpersonal, relationship building, negotiation and communication skills
- Experience in a customer facing environment
- Flexible to travel within Ontario and GTA
This position is located on King St W, Toronto. A use of a car is occasionally required for customer visits
Location(s): Canada : Ontario : Toronto
As Canada's International Bank, we are a diverse and global team. We speak more than 100 languages with backgrounds from more than 120 countries. Our employees are committed to a superior customer experience and use the Bank’s six guiding sales practice principles to ensure they act with honesty and integrity.
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