Credit Analyst

Requisition ID: 191502
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

As a Credit Analyst, you will contribute to the overall success of the Credit/Risk, Account Maintenance, Financial Canadian Wealth Management business ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team's business strategies and objectives. You will ensure all activities conducted are in compliance with governing regulations, internal policies, and procedures.

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

• Generate, modify, and interpret various reports to identify accounts that pose credit and market risk to the firm as well as violate industry and firm policies
• Answer inquiries, explain policies and procedures, approve orders above set limits, update relevant information, and provide guidance to Online Brokerage staff, internal departments, and clients
• Implement and remove trading and banking restrictions in margin, cash, and registered accounts, based on thorough analysis of account and trading patterns and activity
• Monitor market activity for security price fluctuations and evaluate accounts holding the position, taking any corrective action necessary
• Liquidate and purchase securities as required
• Approve and update debit limits for margin accounts less than $500K and cash withdrawals from cash and margin accounts
• Identify and update securities with incorrect loan values in multiple systems and applications
• Complete sundry duties as assigned including compiling and preparing statistics and internal reports, as well as monthly and year end capital requirement reports (regulatory reporting
• Investigate non-routine problems and discrepancies to determine risk and exposure, and make decisions to minimize financial impact, protect the firm's reputation, and prevent litigation
• Monitor and control the compliance/credit aspects of approximately 450,000 accounts
• Issue and follow up approximately two hundred margin call notices daily and manage similar number of cash-based accounts
• Analyze and scrutinize large daily and weekly reports and action before the markets close each day
• Approve incoming account transfers and corresponding debits
• Approve various type of payments (wires, abb's, eft's, cheque etc.)

The Must Haves:

• A minimum of 3 to 5 years direct relevant investment industry experience, preferably with an IIROC member firm, in a relevant functional area (e.g., trading, operations, sales, audit)
• College Diploma or University Degree
• Successful completion of the Canadian Securities Course (CSC), Conduct and Practices Handbook (CPH), Derivative Fundamentals Course, Options Licensing Course
• At minimum, IIROC licensed as an Investment Representative (IR) through CIRO is required
• IIROC licensed as an Investment Representative (IR) with Options through CIRO is preferred
• Expert level market knowledge to decide how to proceed with account issues
• Expert level of policies and procedures for decision making and education of support areas
• Strong Computer PC knowledge (Versapath (BTS061, AOM Trader Session, Notepad), AS/400 Call Tracking, Thomson One, Bloomberg, Margin Rate Exceptions, Margin Debit Balance Maintenance Cash Up-Front Maintenance, Intraday Transactions, OnDemand, Dataphile, MS Office (Outlook, Excel, Access, Word)

Do you have the skills that will enable you to succeed in this role? - We'd love to work with you if you have:

• Excellent people skills to diffuse difficult situations and solve problems in a calm and rational manner
• Tact, diplomacy, and creativity to deal with internal and external clients
• Excellent time management and teamwork skills to accurately accomplish specific tasks within strict deadlines
• Excellent verbal and written communication skills
• Excellent analytical skills, sound business judgment, and creativity

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.