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SalaryRequisition ID: 186241
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
Job Purpose:
As a valued member of the Special Accounts Management Unit team, you will perform in depth analysis and management of Commercial Banking Problem loans up to $5 million.
What you’ll 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 Global Risk Management 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 Global Risk Management, as required.
What we’re looking for?
- Proficient in French and English
- Post-Secondary Education completed, Professional Accounting designation (CPA) or MBA is an asset.
- Previous Commercial Banking and/or Credit Risk Management experience.
- Excellent financial, analytical, and problem-solving skills with attention to detail
- Previous experience with commercial insolvency and related legal aspects, including documentation.
- In-depth knowledge of credit risk policies, products, and processes
- Excellent writing and presentation skills, as well as the ability to review legal documents.
- Strong computer skills.
- Flexible to travel.
What’s in it for you?
- The opportunity to join a forward-thinking company surrounded by a collaborative team of innovative thinkers
- A rewarding career path with diverse opportunities for professional development
- Internal development to support your growth and enhance your skills
- A competitive compensation and benefits package
- An organization committed to making a difference in our communities- for you and our customers
- We have an inclusive and collaborative working environment that encourages creativity, curiosity, and celebrates success!
Location(s): Canada : Quebec : Montreal || Canada : Quebec : Brossard || Canada : Quebec : Montreal-est || Canada : Quebec : Montreal-nord || Canada : Quebec : Montreal-ouest
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.
