Scotiabank Associate Director, Execution - National Accounts, Canadian Business Banking in Toronto, Territory of Nunavut
Associate Director, Execution - National Accounts, Canadian Business Banking
Requisition ID: 185137
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
Associate Director, Execution - National Accounts, Canadian Business Banking
Contributes to the overall success of the National Accounts Team in Canadian Business Banking, ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives. Ensures all activities conducted are in compliance with governing regulations, internal policies and procedures.
You are a specialist in credit. Working closely with the Director and Group Lead, Execution National Accounts, you will provide financial solutions for clients through various tasks such as risk analysis, deal structuring, credit pricing, negotiation, and presentation.
You will co-manage a customer portfolio of moderate to higher complexity accounts in partnership with a relationship manager (Director, Origination). A typical client has credit requirements >$25MM and annual revenue >$75MM. The role is specific to the National Accounts segment of Canadian Business Banking.
In this role you will be responsible for ensuring the portfolio meets compliance to various credit metrics as well as monitoring the portfolio to identify any negative trends.
• Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
• Contributes to the profitable development of Canadian Business Banking by:
o Participating in the timely analysis, structuring and preparation of credit/financial solutions proposals for a dedicated portfolio of connections, through the gathering, analysis and consolidation of large volumes of information into credit applications in preparation for adjudication, under the guidance of the Director & Group Lead, Execution. Providing prompt and sound recommendations in the structuring, pricing, due diligence, analysis and presentation of credit proposals
o Ensuring the timely analysis, structure and presentation of credit / financial solutions/proposals within the defined market area
o Providing prompt and sound recommendations in the analysis and adjudication of credit proposals
o Ensuring that writings clearly convey the rationale for decisions, so that they may respond effectively to clients
o Recommending pricing for loans and credit-related fees which yield a return commensurate with risk and due regard to profit, administration and competitive considerations
o Recommending alternative terms, conditions and covenants to provide a viable banking proposal to the client, within sound credit lending practices
o Restructuring marginal proposals into bankable deals where possible
o Providing guidance, coaching and counsel to Directors, Origination, so that they may better serve clients’ needs
• Ensures the accurate communication of the terms and conditions of an authorization and contributes to the effective and timely implementation of same, by:
o Reviewing all written credit authorizations to ensure accuracy, completeness and clarity
o Ensuring prompt follow-up for acceptance of the authorization and reacting swiftly to any problems, amendments, extensions, reporting to senior management where necessary
o Vetting security documentation required to close loan transactions and promptly and effectively addressing issues surrounding the adequacy, quality and completeness of loan documentation and security
o Conducting and/or assisting the team in a detailed evaluation of all information received for analysis of closing conditions, and reporting deficiencies or findings to senior management; and
o Liaising with the Directors, Origination to ensure any required changes and follow-up for the accurate execution and delivery of same prior to disbursement of funds.
• Ensures 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:
o Conducting a detailed evaluation of all information received, reporting deficiencies or any negative findings to senior management
o Ensuring early identification of problem loans and ensuring the accuracy of risk ratings through identification of changes in account quality via review of industry/economic trends
o Adhering to any regulatory and internal Bank policies and requirement
o 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
• Provide coaching/counselling to Senior Client Service Associates and Associates by:
o Developing the credit competencies in relations to assigned accounts
o Providing timely performance feedback on credit analysis presented for review
• Champion and support a culture of diversity and other initiatives aligned with the Bank Strategy
• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions
• Pursue effective and efficient operations of his/her respective areas, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational risk, regulatory compliance risk, AML/ATF risk and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook and the Guidelines for Business Conduct
• Champions a high performance environment and contributes to an inclusive work environment
Primary Manager: Director & Group Lead, Execution, National Accounts, Canadian Business Banking
Direct Reports: Associate, National Accounts, Canadian Business Banking
• Clients being serviced are in Canada and generally within the same region although will typically have operations across the country as well as in international locations.
• These clients are in the National Accounts segment and will be both borrowing and non-borrowing. Borrowing clients typically have moderate to higher complexity financial solutions. Typically, clients have sales >$75MM.
• The incumbent will interact primarily with the Directors Execution and Origination as well as various internal partners which include Global Risk Management, Shared Services, Global Business Payments, Payments and Cash Management, Leasing, Global Banking and Markets, Wealth Management, Enhanced Due Diligence Unit as well as the Canadian Business Banking Executive Office.
• The incumbent will be in contact with client CFO and Controllers and Centres of Influence within the market area; building and maintaining internal relationships with key players/contacts.
• The incumbent will also interact with external parties such as Solicitors, Accountants, Professional Service Providers and other Banks.
• The incumbent continually works with clients providing service consistent with Scotia Service Standards, Complaint Resolution Standards and Procedures. The incumbent looks for opportunities to promote the sale of bank product and services.
• The environment is fast paced and demanding and will at times require priorities be re-adjusted to accommodate urgent requests
Education / Experience / Other Information:
• University Degree with Business or Accounting Background
• MBA or professional designation preferred.
• Commitment to participate in continually learning programs.
• At least 3 years commercial or corporate banking experience or credit risk management experience preferred.
• Familiarity with the Loan Syndication and Global Capital markets required
• In-depth knowledge of the Bank’s lending policies, practices and procedures, as well as an awareness of business trends economic, technological, social, legal and political conditions and factors which could affect the viability of a credit.
• A solid knowledge and understanding of financial statements and accounting principles and policies is a must.
• Strong risk assessment and credit skills and ability to structure deals.
• Strong understanding of complex loan documentation.
• Strong knowledge of Canada’s financial services marketplace and of the assigned market area’s key industries, major customers and competitive positioning within the assigned market areas.
• Solid understanding of the Canadian Business Banking objectives, strategies and structures. To complement this, the incumbent must possess tactical planning skills and implementation/ management skills.
• Strong sales management, coaching, relationship building and leadership skills are essential, along with the ability to influence and motivate others.
• Must set a positive example of change and encourage others to do the same.
• Strong interpersonal skills are essential for business development/customer relationship building and to facilitate a positive and effective team environment.
• Must be able to effectively articulate their views to all levels both within the Bank and externally in the marketplace.
• Strong personal computer skills and familiarity with word processing, spreadsheet software and planning tools are necessary as the incumbent uses a PC for a variety of communication, sales management and general information activities including preparing documents, monitoring results and responding to enquiries.
• Good knowledge of commercial Banking products and services, including systems, routines and operating procedures
• Knowledge of Bank’s business lending and deposit products and services, and customer profitability models
• Good knowledge of competitor offerings and alternative sources of financing
• Strong knowledge of products and services provided by the Bank’s specialized sales forces and other delivery channels such as Global Banking & Markets, Global Transaction Banking, Global Wealth Management, Retail & Small Business Banking, etc.
• Good knowledge of interviewing, solicitation and business development techniques
• Thorough knowledge of all commercial management platforms.
• Working knowledge of services provided by support areas such as Shared Services Business Support Centre.
• Work is hybrid; a mix of in-office in a standard office environment (Toronto office) and remote work.
• Non-standard hours are a common occurrence.
• Travel is required - primarily within Ontario (Vehicle required)
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, pleaseclick here (https://www.scotiabank.com/careers/en/careers/technical-support-for-applicants.html) . 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.