Private Banker (224368)
Private Banker (224368)
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Job Description
Requisition ID: 224368
Join a purpose driven winning team committed to results in an inclusive and high-performing culture.
Job Purpose:
The Private Banker possesses strong knowledge of customized commercial lending risk management financial products and services wealth management and retail lending. The incumbent has comprehensive experience and product knowledge to deliver service and customized lending solutions consistent with high net worth client needs.
This position focuses on generating new clients and the cross-sell up-sell and retention of existing high value Wealth Management clients. Responsible for identifying high net worth prospects with complex lending needs in target markets developing acquisition strategies growing relationships maintaining a sustainable prospect sales pipeline conducting sales calls and qualification of opportunities based on customer information and due diligence.
The incumbent manages approximately 150 high net worth households. The role is a key business development position with elevated new business objectives for lending fees deposits and referrals to business line partners.
Is this role right for you In this role you will:
Portfolio Management and Risk Mitigation by:
- Working directly with Retail credit adjudication (ACE) or with Wealth Credit Solutions for customized credit negotiate standard Bank terms conditions structuring fees interest rates and documentation.
- Providing relationship banking and the highest quality of administrative support to a portfolio of complex high net worth clients
- Using knowledge of Scotiabanks diverse products and services to anticipate client needs and proactively deliver solutions through referrals to other Bank partners.
- Managing client relationships to ensure that credit facilities and accounts are operating satisfactorily.
- Proactively identifying and mitigating problem loans including bringing potential problems under correspondence as soon as identified.
- Acting as the clients Primary Relationship Manager (PRM) by utilizing the Financial Planning process to develop an in-depth understand of the clients needs and maintaining SPCG service standards regarding proactive contact and maintaining the client contact database.
- Serving as a conduit for referrals to the SPCG Team of Experts and developing multiple service client relationships based on formalized client strategies.
- Acting as a key member of the Centres Team of Experts proactively identify and implement strategies to address client needs
business development maintaining a strong market profile with assigned partners and business channels:
- Actively marketing customized Private Banking credit solutions (Total Wealth Credit Solution) to support wealth creation or diversification strategies insurance solutions currency and interest rate risk management.
- Developing and executing new business strategies to attract and retain high net worth clients. Develop client management plans and make referrals that result in deeper client relationships.
- Develop an in-depth understanding of client needs and proactively make referrals to: Private Investment Counsel Scotiatrust ScotiaMcLeod Hollis Wealth Commercial and Retail Bank.
- Identifying prospects and referrals from internal and external networks/ COIs
- Maintaining a strong prospect sales pipeline conducting sales calls and qualification of opportunities based on effective due diligence.
- Engaging and informing client management partners as to changes in client information and priorities.
Operational Effectiveness by:
- Ensuring daily and periodic management controls are in place and effective
- Monitoring non-interest expenses against planned budgets ensuring that the Manager Client Services has appropriate and reasonable explanations for variances
- Providing direction guidance and support to the Manager Client Services as required through coaching and periodic participation in Service Meetings and Skill Buildings sessions
- Reviewing and resolving client concerns and issues and ensure that the Banks Customer Complaint Resolution Process is in place and effective.
- Ensuring strict adherence to Bank security procedures including assigned authorities and limits
- Ensuring compliance with regulatory requirements and guidelines including Privacy Anti-Money Laundering/Anti-Terrorist Financing FCAC Know Your Customer CDIC Occupational Health & Safety
- Reporting fraudulent activities unusual occurrences issues deficiencies or trends as applicable
Credit Risk management by:
- Fulfilling all retail credit requests through retail adjudication processes or working with the Wealth Credit Solutions team to develop commercial/customized credit proposals
- Ensuring credit facilities operate within authorized terms and conditions
- Ensuring the Banks exposure is protected by way of adequate security requirements (if required) and appropriate credit conditions resolving any issues that may arise. When applicable escalate concerns to the Team Lead
- Developing sound commercial underwriting skills
- Ensuring security documentation is accurately prepared complete registered and renewed as required
to the effective functioning of the Private Banking and Centre team by:
- Participating actively in team learning development activities and team performance achievements
- Building effective working relationships across the team and with various business line and corporate function contacts
- Maintaining a high level of customer service
- Facilitating a culture of open and honest communication
- Actively participating and contributing to touch bases and team meetings
- Encouraging the generation of new ideas and approaches
- Actively share knowledge and experience to enhance the development of all team members
- Developing and executing a meaningful employee development plan
Do you have the skills to enable you to be successful in this role We would love to work with you if you have:
- Minimum 5 years of commercial lending experience and 10 years banking experience
- Experience in Agriculture is preferred
- Established network ofHigh Net Worth clients in the Canadian Banking industry
- The incumbent must have at 3 to 5 years of Managerial Commercial and/or Retail Banking experience dealing with high net worth clients and sophisticated financing requirements.
- Must be an experienced banker with exceptional interpersonal leadership and business development skills
- University degree (BComm MBA CFA) in addition to industry courses (eg. CSC PFP CFP)
Location(s): Canada : Saskatchewan : Regina
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.
Employment Type
Full Time
