Director, Portfolio Management

November 15 2024
Industries Bank, Insurance, Financial services
Categories Bank, Insurance, Financial services, Forensic accounting, Fraud, Management, Administration
Toronto, ON • Full time

Requisition ID: 210372

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

The Director of Portfolio Management will lead and oversee the Portfolio Management unit for business banking credit within the International Business segment ensuring business strategies, plans and initiatives are executed / delivered in compliance with governing regulations, internal policies and procedures.

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

Lead and drive a customer focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems and knowledge.

Portfolio Monitoring

  • Lead the development, modernization and maintenance of portfolio management processes, tools, and methodologies.
  • Improve existing reports and queries, setting standards for effective information presentation with a risk analysis perspective
  • Liaise with different user groups to support the construction of specific queries and reports.
  • Collaborate with the Analytics Teams to develop and maintain dashboards for transparency on key compliance metrics.
  • Contribute to portfolio analysis for decision-making, considering risk management, portfolio management, and regulatory policies.
  • Monitor and report on portfolio performance across International Business Banking, providing insights and recommendations to senior leadership.
  • Ensure alignment in the monitoring process and controls by collaborating with Banking and Local Credit departments.
  • Mitigate risks associated with the portfolio, ensuring timely and effective resolution of issues.
  • Ensure compliance with Scotiabank's internal regulations and guidelines.

Quality Assurance

  • Establish methodologies for sampling of various processes which will be consistent between countries. This will include decisions on which process to sample, which time frame and how information will be obtained and recorded.
  • Provide regional team members with clear communication on the consistent methodology and validate that it is being implemented as expected.
  • Provide strategic direction to address oversight and plans to ensure sampling methods are being executed to plan in a timely manner and are sustainable.
  • Address any challenges which regional team members may face obtaining information and engagement which would prevent the appropriate reviews. This would include raising issues and obtaining resolution with Senior Leadership.
  • Provide team members with training and oversight to be able to provide a consistent sampling and information recording.
  • Champion areas requiring attention and influence resourcing and budget which may be needed from time to time
  • Guide regional team members to ensure timely resolution of challenges, negative trends or gaps in the credit and operational processes which are discovered from the regional sampling exercises.
  • Coach the regional team with skills related to credit, ability to influence, time management and priority setting.
  • Maintain regularly scheduled meetings with regional team members to share best practices and common themes to enhance solution building skills and be aware of any evolving similar themes within the region or different business lines.
  • Collaborate with various Partners such as Banking, Audit, Global Operational Risk and Shared Services to best understand root causes of gaps or issues in existing processes and potential opportunities.
  • Work with Banking and GRM to identify areas of training needs for various credit processes. The incumbent will act as a subject matter expert and share information obtained from the sampling which will be used in the creation of effective training programs
  • Understand how the Bank's 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 Scotiabank's 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.
  • 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 vison/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? We'd love to work with you if you have experience with:

  • Post graduate education in business and/or relevant equivalents
  • Excellent knowledge of Commercial Banking processes, products and services, including a working knowledge of the systems, routines and operating procedures
  • Superior credit skills and sound judgment as demonstrated through his/her previous track record and experience
  • Strong understanding of AML, Higher Risk Client and KYC requirements.
  • Demonstrated ability to generate and implement strategies, roadmaps and business cases
  • Superior risk assessment and analytical skills
  • Superior accounting and financial analysis skills
  • Strong coaching skills
  • Good understanding of commercial management systems
  • Superior communication skills (oral & written)
  • Superior industry knowledge

What's in it for you?

  • The opportunity to join a forward-thinking and collaborative team, surrounded by innovative thinkers
  • A rewarding career path with diverse opportunities for professional development
  • Internal training to support your growth and enhance your skills
  • An inclusive working environment that encourages creativity, curiosity, and celebrates success!
  • Work in an Ecosystem; a bright, modern space where you'll have access to group seating, offices, collaboration spaces, a cafeteria with different options daily, a bistro, and more
  • Hybrid Work Environment

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.

Apply now!

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