Manager, Asset Sales, Global Risk Management

Requisition ID: 215997

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

As the Manager, Asset Sales, you will contribute to the profitability of the bank through the execution of asset sales and development and implementation of late stage collection strategies, in order to improve recoveries while optimizing costs.

You will work with credit risk and operational departments across the bank to analyze and identify opportunities to increase recoveries by performing asset sales and supporting the late stage collection strategy.

In addition, you will identify the portfolio for sale, calculate the NPV and support the investors with information to have a better understanding of the portfolio for sale. You will support the Bank's risk management strategies through effective first line management of the Asset Sale process as outlined in the Global Asset Sale Framework document.

Is this role right for you? In this role, you will contribute to the overall efficiency of the unit by maximizing net recoveries of accounts in assigned portfolio by:

• Lead the review and assignment of written-off accounts and preparing a portfolio for sale as outlined in the Asset Sale Framework document
• Know and develop a better understanding of the late stage portfolio, in terms of volumes, recoveries dynamic, provisions methodology and forecast (methodology and calculations)
• Based on the business interests and characteristics of the portfolios for sale make recommendations and prepare analysis on asset sale projects
• Working in synergy with Collections team and other stakeholders throughout the asset sale process, from the understanding of the portfolio to post-sale activities
• Reconciling the recovery payments and amounts sold monthly
• Managing the contracts with the debt buyers and act as the contact through day to day interactions as applicable with those vendors
• Provide support to the post-sale activities, such as identify of interim - direct payments, customer related issues, write off, etc.
• Act as a Subject Matter Expert in all inquiries relating to asset sales by responding to inquiries and providing guidance and consultation to all stakeholders and product lines, Office of the President, Ombudsmen's Office, General Counsel, Branch Network, GRM and other Executive Office departments.
• Manage the activities of asset sales and the administration of their assigned account portfolios including the accurate and timely processing of all related matters received within assigned SLA.

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

• University/College degree in Business, Accounting, Finance, Business Management or a minimum of 5 years of relevant experience
• Must have thorough understanding of the Bank's collection culture, products and risk policies.
• Expert knowledge of retail credit policies and related operating procedures.
• Strong knowledge in data management and statistical analytics
• Strong knowledge in the use of SAS/Enterprise Guide, SQL, Excel required
• Thorough knowledge of: The Bank's Regulatory and Compliance requirements as they relate to credit adjudication processes, including Privacy, Anti-Money Laundering (AML)/Anti-Terrorist Financing; and Know your Customer (KYC) requirements.
• Effective communication and interpersonal skills are necessary for professional interactions with customers, partners and business lines to ensure a high level of credibility.

What's in it for you?

• An inclusive & collaborative working environment that encourages creativity, curiosity, and celebrates success!
• We offer a competitive rewards package: Performance bonus, Employee Share Ownership Program, and Pension Plan Matching, Health Benefits from day one!
• Your career matters! You will have access to career development and progression opportunities.

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.