Senior Manager, Wealth Credit Structuring

Requisition ID: 239802

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

What you will be doing:

The Senior Manager, Wealth Credit Structuring is focused on customized commercial credit underwriting (new applications and annual reviews). The role is responsible for contributing to the quality and the profitable growth of the Private Banking customized/commercial credit portfolio by completing credit structuring-related activities for clients including risk analysis, deal structuring, pricing, negotiation and credit presentations for highly complex deals and credit applications. The incumbent interfaces directly with clients at times, in partnership with the Private Banker and liaises with Global Risk Management through the credit decision- making process. The primary focus of the position is the completion of new credit requests, compliance and client Annual Reviews.

Is this role right for you? In this role you will:

Responsible for the completion of all Private Banking customized/commercial credit structuring activities in the
assigned territory/Centre(s) by:

Ensuring the timely analysis, structuring and presentation of credit proposalsPerforming proper due diligence in evaluating information to ensure the critical personal/business elements and fundamental risks are identified and material facts are verified.Providing prompt and sound recommendations in the analysis and presentation of credit proposalsRecommending loan pricing and credit-related fees which yield a return commensurate with risk and due regard to profit, administration and competitive considerationsRecommending terms, conditions and covenants to provide a viable banking proposal to the client within sound credit lending practicesRestructuring marginal proposals into bankable deals where possibleEnsuring effective communication with the (Sr.) Private Bankers to clearly convey the rationale for decisions, so that they may respond effectively to clientsProviding guidance and counsel to (Sr.) Private Bankers, so that they may better serve clients' needs.Participating in meetings with customers, proactively identifying credit and other issuesAccompanying (Sr.) Private Banker(s) to client meetings to build relationships and obtain relevant information to build an understanding of client's credit needsProactively identifying lending and cross-sell opportunities in the existing portfolio during the credit application or annual review processes and referring them to the Private Banker and Regional Director Wealth Credit Structuring.

Managing the ongoing quality of the credit portfolio including the Annual Review process by:

Ensuring adherence to authorized conditions and reporting requirementsPerforming detailed evaluation of all information received and reporting deficiencies or any negative findings to senior management:Advising senior management of any credit weaknesses developing within individual accounts, by ongoing awareness and analysis of relevant financial, legal, political, technological, and industry informationConducting annual reviews of commercial loans and services in an accurate and timely manner.Ensuring retail and commercial collateral is property completed, executed and lodged in accordance with standard Bank policies and procedures, including timely IG code reassessment and exiting relationship as appropriate.Proactively recognizing problem accounts at an early state and taking appropriate action to protect the Bank's interests including identifying negative trends.Assisting with client restructuring including obtaining additional security or realizing on collateralAdhering to any regulatory and internal Bank policies including compliance requirements, such as Reputational and Suitability RiskEnsuring adherence to the Bank's Anti-Money Laundering program, Know Your Customer requirements and Guidelines for Business Conduct, by reporting any unusual occurrences or fraudulent activities per established procedures.

Responsible for the accurate communication and effective and timely implementation of the terms and
conditions of credit authorization by:

Reviewing all written authorizations to ensure accuracy, completeness and clarityPromptly following up for acceptance of client offers/ documentation and address any problems, amendments, extensions, reporting to senior management where necessaryPromptly and effectively addressing issues surrounding the adequacy, quality and completeness of loan documentation and securityProviding prompt responses to client or senior management requests and inquiries, problem solving for clients and assisting them with navigating different areas of the Bank.Maintaining knowledge of and relationships with specialized area of the Bank which may be of benefit.

Provide strong team leadership to motivate and develop individual and team performance by:

Participating actively in team learning and development activities and team performance achievements.Building effective working relationships across the team and with various business line and corporate function contacts.Maintaining a high level of customer serviceFacilitating a culture of open and honest communication.Actively participating and contributing to touch bases and team meetings.Encouraging the generation of new ideas and approaches.Actively share knowledge and experience to enhance the development of all team membersDeveloping and executing a meaningful employee development plan

Do you have the skills to enable you to be successful in this role? We would love to work with you if you have:

5-10 years of Commercial Banking experience dealing with high net worth clients and sophisticated financing requirementsIn-depth knowledge of the Bank's lending policies, practices and procedures, as well as an awareness of business trends economic, technological, social, legal and political conditions and factors which could affect the viability of a creditStrong knowledge and understanding of financial statements and accounting principles and policies, as well a solid understanding of capital markets instrumentsStrong verbal and written communication and negotiation skills are essentialExpert understanding of the administration of credit, complex loan documentation and security provision requirementsSuperior credit skills and significant credit experienceSuperior risk assessment and analysis skillsSuperior deal structuring skillsGood understanding of customer profitability modelAbility to build solid business case justification for dealsSuperior interpersonal and teamwork skillsA high degree of flexibility is required to adapt to a wide variety of tasks and functionsStrong PC skills are requiredThe incumbent must have a good knowledge of the of the broad Wealth Management offering, including the services of Scotiatrust, Scotia Asset Management , ScotiaMcLeod, and should have familiarity with the Bank's International Private Banking Unit offeringUniversity degree in business, accounting or a related discipline required

Location(s):  Canada : Ontario : Toronto 

Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.  

At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. If you require technical assistance, please click here. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.

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