Senior Manager, Special Accounts Management

Requisition ID: 240676

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

Front line loss mitigation function providing governance and oversight over higher risk accounts. Manage watchlist and problem loan portfolio to diligently mitigate losses and recommend provisions/ write-offs for non-performing loans. Provide expertise and knowledge across the Bank through guidance and advice to Banking and Risk teams

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

Provide Expert Advice:

• Contribute to the minimization of reputational and credit losses by providing strategic guidance and advice of portfolio performance and regular dialogue with GRM / Banking / Execution teams.
• Serve as an advocate to protect value for clients and the Bank by providing practical solutions for problem loans in the SAM portfolio
• 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
• Provide support to Banking teams for SAM Shadowed and Advisory accounts.
• Enhance collaboration with other areas of the bank (e.g. GBM, Finance, Audit, etc.)
• Remain up to date on industry perspectives and practices
• Monitor the timely review of all applications and submissions.

Risk Assessment and Compliance:

• Participate in the annual (quarterly for Problem Loans) process to assess the proper risk for each borrower and review and recommend provisions for the non-performing portfolio.
• Evaluate financial and non-financial risks, ensuring accurate client risk profiling.
• Support the identification of training, coaching and process improvement opportunities in conjunction with Banking and Credit (including post-mortems)
• Confirm that the terms and conditions of authorizations are accurately documented.
• Liaise with internal audit, banking regulators, and the external auditors.
• Ensure compliance with bank policies and regulatory requirements, and adequate escalation of exceptions.
• Navigate credit submissions through the adjudication process.

Portfolio Management:

• Participate in portfolio monitoring and active development and implementation of recovery strategies for at-risk accounts to maximize recoveries and minimize resolution timelines.
• Ensure the accuracy of data in the various databases and reports, including all requirements related toregulatory requirements and Bank systems.
• Work with GRM to ensure adherence to all compliance metrics of the loan portfolio is managed effectively within defined KPI.

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

• Minimum of 5 years of banking experience.
• Minimum Post Secondary Education in Business or related area, preferably professional accounting designation, CFA or MBA, with commercial and/or corporate banking experience.
• Knowledge and understanding of Corporate and/or Commercial banking.
• Strong skills in financial analysis and risk assessment.
• Awareness of differences in the tax, legal and accounting rules of the various jurisdictions.
• Good understanding of a wide variety of industries and markets which require specializedknowledge.
• General computer knowledge to effectively use various computer software applications.
• Solid knowledge of insolvency and restructuring matters or a willingness to develop this knowledge.
• Proven skills with respect to deal negotiation, deal structuring, due diligence and loan documentation.
• Strong writing and presentation skills.
• Strong time management, planning and organizing skills to manage multiple priorities in a dynamic work environment.
• Strong interpersonal, relationship building and communication skills.
• Language Skills: English – advanced

What’s in it for you?

• An inclusive & collaborative working environment that encourages creativity, curiosity, and celebrates success!
• We offer a competitive rewards package: Performance bonus, Employee Share Ownership Program, and Pension Plan Matching, Health Benefits from day one!
• Your career matters! You will have access to career development and progression opportunities.

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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