Regional Director, Credit, Commercial Banking - Montreal, QC

Requisition ID: 229184

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

The Regional Director leads and oversees the team of Credit experts in their designated Commercial Banking Region ensuring business strategies plans and initiatives are executed / delivered in compliance with governing regulations internal policies and procedures.

The Regional Director Credit is responsible for contributing to the achievement of defined goals for Commercial through the profitable growth and the quality of the Commercial portfolio by overseeing the end to end delivery of Commercial Credit ensuring unique lending solutions are properly structured priced and negotiated engaging in new business initiatives in market and coaching Senior Credit Solutions Managersand Team Lead Credit. The incumbent will oversee the completion of complex lending deals within a designated portfolio and geography. The role has responsibility for the achievements of their team the teams overall financial objectives and contributing to the assigned Regions overall financial objectives.

Through advanced knowledge of customized commercial lending and risk management the incumbent will oversee and direct the overall credit underwriting activity by developing the teams credit underwriting skills and acting as the Subject Matter Expert for Commercial within the region.

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

• Leads and drives a client-driven culture throughout their team to deepen client relationships and leverage broader Bank relationships systems and knowledge.
• Lead and oversee team providing all end-to-end midmarket credit solution activities undertaken by the Senior Client Solutions Manager(s)/Team Lead Credit and their team(s) in the assigned region(s) by:
  • Maintaining expert knowledge of complex lending solutions credit products and policies and guiding Senior Credit Solutions Manager(s)/ Team Lead Credit to proactively identify opportunities to apply these solutions.
  • Expanding the knowledge of Senior Credit Solutions Manager(s)/ Team Lead Credit around borrowing strategies; and enhancing teams overall underwriting capabilities and credit productivity for them to identify opportunities.
  • Managing the teams timely analysis negotiation structure and presentation of lending solutions proposals.
  • Providing prompt and sound recommendations in the underwriting and adjudication of lending proposals
  • Reviewing the quality of lending solutions and writings prepared by the Senior Credit Solutions Manager(s)/ Team Lead Credit to the Relationship Manager to ensure they clearly convey the rationale for decisions so that they may respond effectively to clients.
  • Serving as the Subject Matter Expert to ensure team develops lending proposals that are properly analyzed structured negotiated priced and presented with sound recommendations.
  • Providing guidance and direction in the recommendation of loan pricing and fees yielding a return commensurate with risk and due regard to complexity and uniqueness of the solution overall value added to client profit administration and competitive considerations.
  • Oversee the recommendation of terms conditions and covenants to provide a viable banking proposal within sound lending parameters restructuring marginal and/or complex proposals often under considerable time constraints.
  • Act as resource for guidance coaching and counsel to Team Lead Credit and Senior Credit Solutions Manager(s) to enhance their credit analysis skills so that they may better serve client needs.
• Drive the adoption of best practices in the E2E credit process and portfolio review process promoting efficiency and accuracy in credit evaluations and decisions:
  • Representing Commercial Banking region in discussions with Global Risk Management regarding process improvements and efficiencies for Commercial loan adjudication
  • Evaluating and identifying product gaps and new business opportunities
  • Contributing to the development of new lending solutions including preparation of proposals to gain Global Risk Management approval for new offerings asset classes eligible for leverage partnerships with third party asset managers or changes to existing offerings/policies.
  • Working with risk legal compliance operations and technology teams to implement new offerings and policies.
  • Maintaining an awareness of competitor offerings and of complex client needs
  • Identifying developing and recommending additions/revisions to Lending Guidelines based on economic industry competitive portfolio trends as well as growth opportunities commensurate to the Banks risk appetite.
  • Providing timely performance feedback on lending solutions developed by the Senior Credit Solutions Manager(s).
• Managing the ongoing quality of the regional credit portfolio:
  • Monitoring the assigned credit portfolio against risk and strategy parameters ensuring that an effective system of review and follow-up is maintained for all accounts within the assigned portfolio.
  • Overseeing the proactive identification of problem loans and recommending appropriate provisions to Global Risk Management to minimize potential losses.
  • Advising VP of any credit weaknesses developing within individual accounts by ongoing awareness and analysis of relevant financial legal political technological and industry information
  • Recommending appropriate corrective action to minimize losses and maximize recoveries.
  • Monitoring and reviewing the management of credit within the segments and assigned portfolio as reported through audits and reviews and responding or taking action as appropriate including alerting the VP to unsatisfactory trends.
  • Providing direction and support for unit audits and ensuring timely responses to any audit findings and sustainment of corrective activities
  • Ensuring the team adheres to any regulatory and internal Bank policies including compliance requirements.
• Collaborate with central credit enablement and key internal partners to align on strategic priorities
• Builds a high-performance environment and implements a people strategy that attracts retains develops and motivates their team by fostering an inclusive work environment and using a coaching mindset and behaviours; communicating vision/values/business strategy; and managing succession and development planning for the team.
• Understand how the Banks risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Creates an environment in which their team pursues effective and efficient operations of their respective areas in accordance with Scotiabanks Values its Code of Conduct and the Global Sales Principles while ensuring the adequacy adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational compliance AML/ATF/sanctions and conduct risk.

Do you have the skills that will enable you to succeed in this role

• University degree in business accounting or a related discipline
• Must have 5-10 years of Managerial level Commercial Banking experience dealing with sophisticated financing and credit requirements.
• Strong coaching and leadership skills including previous people management experience.
• Strong verbal and written communication (French & English) are essential.
• Expert knowledge of business credit as it applies to Commercial Bankings policies & procedures business accounts products & services and collateral documentation.
• Expert knowledge of the Banks compliance requirements for business banking.
• Strong decision making problem solving and relationship management skills.
• Expert risk assessment and credit skills and ability to structure deals.
• Strong change management skills and ability to adopt technology and platform changes to support process strategic and tactical planning skills and proven ability to execute against the plan
• Ability to work collaboratively with other stakeholders for the benefit of the Banks clients.
• In-depth knowledge of the Banks 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.
• Thorough knowledge of Canadas financial services marketplace with a detailed knowledge of the regional marketplace and competitive position
• Expert knowledge and understanding of financial statements and accounting principles and policies as well a solid understanding of capital markets instruments.
• Expert understanding of the administration of credit complex loan documentation and security provision requirements.
• A high degree of flexibility is required to adapt to a wide variety of tasks and functions.
  
  

Whats in it for you...

• The opportunity to join a forward-thinking organization surrounded by a collaborative team of innovative thinkers
• A rewarding career path with diverse opportunities for professional development
• A competitive compensation and benefits package
• Internal training to support your career growth and enhance your skills
• An organization committed to making a difference in our communities for you and our customers

Pursuant to a language needs assessment conducted by Scotiabank the successful candidate will be required to be able to communicate in English in addition to French because they will be required to work closely with other groups from head office who operate primarily in English and they will serve an English-speaking clientele.

Location(s): Canada : Quebec : Montreal

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.