City : Toronto, ON, CA, M5H1B6

Category : Business and Financial Operations

Industry : Financial Services/Banking

Employer : Scotiabank

Requisition ID: 207931

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

As the Senior Manager, Portfolio Oversight, you will contribute to the profitability of the Retail Bank by ensuring Real Estate Secured Lending (RESL) exposures are aligned with the Risk Appetite Framework optimizing risk/return over the long term, as well as identifying opportunities to enhance credit quality, increase sales and improve processing efficiencies. You will be a subject matter expert on RESL portfolio data, ensuring all relevant compliance and regulations are adhered to.

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

• Fulfil regulatory internal and external audit action plans for the RESL portfolio within a suitable timeframe, ensuring there are durable and effective solutions

• Review and update account management strategies and policies to ensure the Bank's risk stays within acceptable limits, including a proactive assessment to keep it within Risk Appetite

• Ensure the data utilized for the RESL portfolio analysis and regulatory reporting is precise and clearly comprehended

• Be familiar with reporting definitions between data sources to be best positioned to understand reporting variability, addressing data anomalies and creating resolutions to correct where necessary

• Lead account management strategy pertaining to combined loan plans (CLPs) for activities such as credit limit increase/decrease, restructures, re-advanceable limit decrease and authorizations, using analytics, empirical decision models, and competitive analysis

• Create and track key performance indicators for CLP account management to ensure compliance with policies and to pinpoint areas of risk within various channels and client segments, along with developing sustainable reporting for portfolio exceptions

• Collaborate with key stakeholders in first and second line of defense to ensure regulatory reporting and submissions are accurate and complete

• Support investigations and solutioning needed for issues identified by Quality Assurance, Mortgage Account Governance (MAG), Prefund Review and/or Internal Audit items in an appropriate timeframe

• Oversee, enhance and execute appraisal management reporting to record property valuation types, appraisal expenses and automated model usage

• Maintain in-depth knowledge of risk related federal and provincial legislation requirements, including changes in, and emerging issues related to, the Bank's regulatory environment and the potential impacts on RESL

• Stay informed on the competitive landscape to ensure that our processes, strategies and policies consider the changing landscape

• Understands how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions

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

• Post-secondary education with STEM and/or business focus preferred

• Technical expertise with technologies surrounding underwriting and account management of RESL credit

• A deep understanding of the Canadian residential mortgage space, macro-economic conditions and regulatory environment

• Strong analytical and project management skills

• In-depth knowledge of business-related computer software, specifically Data Warehouse/EDL methodology, BI Frameworks (SAS, Power BI, R, Tableau, Cognos etc.), SQL/Stored procedures and Data Mining

• Solid communication, interpersonal and negotiating skills to interact with internal and external partners

• Strong focus on accuracy, timeliness, thoroughness and attention to detail

• A high degree of self-assurance, initiative and business sense to perform responsibilities independently within established parameters

• Comfortability working in a hybrid work environment, with the expectation to come in-office weekly

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.