Description
Requisition ID: 236835
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
The mandate of this role is to lead the development of credit risk strategies, policies and procedures for the whole credit lifecycle for unsecured lending products (credit cards, unsecured line of credit, student loans, etc.) to optimize risk/return for Canadian Banking in Global Risk Management.
Is this role right for you? In this role, you will:
Develop Credit Risk Strategies:
- Develop and implement credit risk strategies, policies and procedures for Unsecured Lending portfolios using analytics, empirical decision models and competitive analysis.
- Leverage champion/challenger capabilities and incorporate credit bureau, other third-party data, and non-traditional data to innovate for continuous improvements to existing strategies.
- Independently conduct analysis, including data query and data manipulation using advanced tools, translation of numbers into actionable insights, and delivery of business intelligence using effective data storytelling techniques.
- Conduct analysis to identify change in credit quality, exceptions, client behavior and performance trends. Develop and track early-warning indicators to identify population shifts.
- Examine the nature and depth of client’s relationship across lending and non-lending products to strengthen and develop client profiling tools and client segmentation analysis.
- Monitor, assess and evaluate existing risk strategies to identify opportunities, system/process deficiencies and recommend changes ensure the Bank does not take on more credit risk than planned; including a forward-looking assessment to ensure it is within risk appetite.
- Demonstrate initiative to automate and simplify tasks to set risk thresholds to measure and control risks using technical or analytical skills.
- Promote best practices, leverage appropriate analytical tools, and provide governance to all strategy development, deployment and policy enhancements.
Support Business Line Initiatives/Projects:
- Participate in projects for Credit Cards and Unsecured Lending programs. This includes the review of business cases, risk proposals, requirements document, etc.
- Be a “change agent” and proactively identify areas where new/enhanced policies or procedures need to be implemented to improve productivity and performance within risk appetite and recommend/implement appropriate changes.
- Use superb communication skills to be a liaison with appropriate groups throughout the Bank, across all stages of the credit lifecycle, and among various levels of leadership.
- Prepare for and host credit risk strategic meetings, derisking initiatives, portfolio review meetings, and other
- Maintain a current, in-depth knowledge, relative to assigned products, of the Bank’s operating procedures and systems, by delivery channel/centralized unit (e.g. branch, digital, call center etc.).
- Demonstrate initiative to automate and simplify tasks to set risk thresholds to measure and control risks using technical or analytical skills.
- Conduct other activities at the request of Unsecured Lending’s leadership.
Do you have the skills that will enable you to succeed in this role? – We’d love to work with you if you have:
- A minimum of 5 years with an financial institution in the risk/portfolio management field, with rigorous logical thinking and solid understanding of credit principles. Prior experience in unsecured lending (credit cards, lines of credit) is strongly preferred.
- Strong hands-on knowledge in the use of SAS, SQL or similar statistical software including the ability to apply advanced statistical techniques to extract, analyze and manage data. Ability to translate data into actionable insights using strong data storytelling skills.
- Project management and attention to detail to prioritize, manage and implement a variety of competing initiatives.
- Strong communication, collaboration and relationship management skills; ability to lead without authority and influence senior leaders.
- Proven ability to independently drive results with a self-starter mindset. Can manage multiple priorities effectively.
- Knowledge of credit scoring and risk assessment as well as portfolio management and behaviour scoring to maximize the effectiveness of existing technology in providing competitive and effective policies that respond to the credit needs of our customers.
- Bachelor’s degree or higher in business, statistics, economics, mathematics, management science or analytics.
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.
