Senior Manager, Retail Credit Risk

November 21 2020
Industries Bank, Insurance, Financial services
Categories Accounting, Finance, Credit, Collections, Credit, Risk
Toronto, ON

Requisition ID: 92180

Cost Centre: GRM IB RETAIL CREDIT RISK

Employee Referral Program – Potential Reward:

We are committed to investing in our employees and helping you continue your career at Scotiabank.

Purpose of Job:

The Senior Manager, Credit Risk Governance is responsible for governance, risk and control of retail and small business credit risk within established parameters, through design of practical and effective policies, guidelines, and practices supporting the risk and control functions through the customer credit lifecycle.

The Senior Manager will leverage industry best practices, global regulations, internal practices and policies, and audit, OSFI, and quality control findings to continuously enhance the governance framework. Policy development, providing guidance in credit management practice based on experience and research, and practical application of solutions in deficient areas are critical in this role.

Job Responsibilities:

Governance -

  • Establish presence as a subject matter expert in credit risk practice to risk stakeholders and business leads.
  • Maintain global retail credit risk policies, frameworks and assessment tools in line with Bank and industry standards.
  • Assess maturity of credit risk practice against global policies and provide second line challenge to credit risk proposals and strategies in line with Risk Appetite targets, working directly with risk partners regionally and across all functional areas.
  • Leverage periodic assessment tools to identify and communicate to executive opportunities and solutions to improve operating model or specific functional area gaps.
  • Identify, evaluate, review and oversee key risk indicators (KRI’s) and key performance indicators (KPI’s) in support of credit lifecycle initiatives and business targets.
  • Credit Risk review of enterprise New Initiative Risk Assessments (NIRA’s).
  • Keep log of identified issues and correlate to internal Quality Control, Audit and OSFI findings to pre-emptively control risks and design more effective and efficient practices.
  • Support internal Audit and OSFI reviews.

Culture -

  • Influence the structure and discipline of risk program development, documentation, and monitoring across multiple functional areas including Risk Technology, Financial Management, Collections, Small Business, Secured and Unsecured Lending locally, and international risk teams in the Pacific Alliance (PAC) and Caribbean & Central America (C&CA).
  • Cultivate and manage relationships with enterprise risk and compliance teams and key internal stakeholders involved in risk policy, framework design and assessments to ensure alignment with Bank standards.
  • Proactively drive & communicate existing and potential risks across stakeholders and geographies.

Innovation & Insights -

  • Keep informed of changing economic and regulatory conditions, organizational changes, industry methodologies and technology, and continuously enhance the governance model to improve awareness, control, documentation and monitoring of present and emerging risks.
  • Benchmark regional practices and integrate best practices into local policies to drive benefits and close gaps.

Job Requirements:

  • Sound understanding of risk governance principles, structure and functions – familiar with regulatory bodies (OSFI, OCC, BCAR).
  • In depth experience in policy, guideline and process development and documentation.
  • Self-motivated with ability to continuously research market trends, best practices, and regulatory changes and apply findings to existing or new policies and/or processes.
  • A minimum of five years financial service experience in retail credit risk, with a track record of success in leading and implementing change.
  • Identifies rules, principles, or relationships that explain facts, data, or other information and articulates in a precise, organized and convincing manner.
  • Influences, motivates, and challenges others; adapts leadership style to a variety of situations.
  • Must be able to speak Spanish fluently.
  • Familiarity with analytical tools such as SAS, Tableau, R.
  • Experience in strategy development and strategic execution.
  • Strong qualitative research background.
  • Strong negotiating and networking skills with diverse stakeholders.
  • Under-graduate / graduate degree in Finance, Economics, Business or related field

Location(s): Canada : Ontario : Toronto

As Canada's International Bank, we are a diverse and global team. We speak more than 100 languages with backgrounds from more than 120 countries. Our employees are committed to a superior customer experience and use the Bank’s six guiding sales practice principles to ensure they act with honesty and integrity.

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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