Overview
Credit Solutions Manager Jobs in Hamilton, Canada at Scotiabank
Position: Credit Solutions Manager – 16 month contract ON
Credit Solutions Manager – 16 month contract – Hamilton, ON
Requisition
Credit Solutions Manager (CSM) is responsible for contributing to the profitable growth and quality of the Bank’s Automotive Commercial Credit portfolio for an assigned portfolio of accounts, ranging from low to medium complexity and size, by performing financial solutions-related activities for clients including risk analysis, deal structuring, and credit applications. In addition, the Credit Solutions Manager is responsible for monitoring and oversight of their assigned portfolio, recommending corrective action on deficiencies and problem accounts as appropriate.
The incumbent interfaces directly with clients at times, in partnership with the Sr. Relationship Manager (RM). As well, the CSM liaises with Global Risk Management (GRM) through the credit decision-making process.
In this role, you will:
- Ensure the timely analysis, structuring and presentation of credit proposals within the prescribed segment.
- Attend client meetings (Teams, phone and in person as required) to directly understand borrower’s needs and make sound credit recommendations.
- Provide prompt and sound recommendations in the analysis and adjudication of credit proposals beyond assigned limits.
- Ensure that communication with the Sr. RM clearly conveys the rationale for decisions so that they may respond effectively to clients.
- Monitor pricing guidelines and hurdles for loans and credit-related fees to help drive profitable growth.
- Recommend alternative terms, conditions, and covenants to provide a viable banking proposal to the client within sound credit lending practices.
- Restructure marginal proposals into bankable deals where possible.
- Provide guidance, coaching and counsel to the Sr. RM, guiding them to better serve clients’ needs.
- Work directly with GRM partners to ensure authorization matches submitted request and ensure a timely adjudication process.
Ensure the accurate communication of the terms and conditions of an authorization and supervise the effective and timely implementation of the same by:
- Reviewing all written authorizations to ensure accuracy, completeness, and clarity.
- Ensuring prompt follow‑up for acceptance of the authorization and reacting swiftly to any problems, amendments, extensions, reporting to senior management where necessary.
- Promptly and effectively addressing issues surrounding the adequacy, quality and completeness of loan documentation and security.
- Liaising on any required changes with the Sr. RM and following up for the accurate execution and delivery of the same prior to disbursement of funds.
- Providing GRM with prompt feedback when credit authorizations differ from those requested.
Ensure the ongoing quality of the assigned credit portfolio through control and administration of the specific conditions and reporting requirements as specified in individual authorizations are adhered to by:
- Advising senior management of any credit weaknesses developing within individual accounts, by ongoing awareness and analysis of relevant financial, legal, political, technological, and industry information.
- Adhering to any regulatory and internal bank policies and requirements.
- Complying with regulatory requirements as part of the service process, including Know Your Customer (KYC), Anti‑Money Laundering/Anti‑Terrorist Financing (AML/ATF), Privacy and Occupational Health and Safety (OHS) requirements, processes and guidelines.
We’d love to work with you if you have:
- Undergraduate degree in business or economics (or work‑related equivalency)
- Excellent risk assessment and analysis skills
- Excellent accounting and financial analysis skills
- Good coaching skills
- Good understanding of customer profitability model
- Ability to build solid business case justification for deals
- Self‑starter with the ability to prioritize and multi‑task
- Superior interpersonal and teamwork skills
- Industry knowledge considered an asset
- MBA or a professional designation (CPA, CFA, etc.) considered an asset
What’s in it for you?
- The opportunity to join a forward‑thinking organization where you are surrounded by a collaborative team of innovative thinkers.
- A competitive compensation and benefits package.
- An organization committed to making a difference in our communities—for you and our customers.
- You can expect to be recognized and rewarded for high performance. You’ll be supported by leadership through meaningful development conversations that enable faster advancement and internal training to support your growth and development.
- You’ll receive clear, transparent criteria to progress in your career.
Location:
Canada :
Ontario :
Hamilton
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Title: Credit Solutions Manager
Company: Scotiabank
Location: Hamilton, Canada
Category:
