Director, GRM Wealth Management

Requisition ID: 236518

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

The Director Wealth Management Credit contributes to the sound asset growth and overall credit quality of the Wealth Management portfolio by ensuring the assigned portfolio of Wealth Management loans are maintained in sound condition within the Banks current credit policy and local regulations.

Ensure development and coaching of Team Members and provide constant training to banking and local credit to align risk appetite and sharing best practices.

Lead value-added projects to improve operational efficiencies.

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

• Fosters a customer focused culture throughout their team to deepen client relationships and leverage broader Bank relationships systems and knowledge;
• Collaborates with Private Banking and Wealth Credit Structuring on transactions and risk appetite topics and contributes to development training and fostering a risk culture within the business line;
• Adjudicates on credits within assigned limits (as a designatedCredit Officer) provides recommendations for over limit / out-of-policy deals to the Senior Credit Committee and authorizes waivers amendments and non-standard documentation.
• Ensures well founded and profitable growth in the Wealth Management credit portfolios by:

• providing sound and timely decisions on applications for credit within assigned lending limits through thorough analysis with suitable structure pricing conditions and security stipulated.
• contributing to the development and implementation of lending policies and strategies; and
• being alert to other market opportunities.

• Ensures that the existing portfolio is maintained at a level of acceptable quality and risk by:

• monitoring the assigned portfolio and approved credits on a geographic industry and customer / product basis ensuring adherence to condition of credit identifying issues and taking remedial action in a timely manner;
• ensuring early identification and sound administration of weak and unsatisfactory accounts
• alerting management to unsatisfactory trends and recommending suitable courses of action; and
• monitoring adherence to regulatory and internal policies as applicable.

• Assists in the greater development of the Bank by undertaking completion of sundry duties including:

• Participating in due diligence exercises with respect to potential acquisitions.
• Completing special projects as required. Directs day-to-day activities in a manner consistent with the Banks risk culture and the relevant risk appetite statement and limits. Reinforces the Banks risk culture and risk appetite statement throughout their teams.

• Fosters an environment in which their team effectively and efficiently manages their assigned portfolios while adhering to day-to-day business controls with respect to operational risk regulatory compliance risk AML/ATF risk and conduct risk.
• Contributes to a high-performance environment and people strategy that attracts retains develops and motivates their team by fostering an inclusive work environment; communicating vision/values/business strategy and managing succession and development planning for the team.

Do you have the skills that will enable you to succeed in this role Wed love to work with you if you have experience with:

• Broad credit background and 5-10 years of lending experience
• Excellent analytical skills
• Excellent management skills
• Excellent verbal and written communication skills
• Knowledge of workout situations
• Strong computer skills
• Awareness of competitor practices economic and business trends
• Business degree and/or well diversified background in Banking. An MBA/CA designation would be an asset
• Knowledge of Spanish and/or French is not required but would be an asset given geographic scope of the team.

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.