Vice President, Global Small Business Risk

Requisition ID: 222608

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

Purpose

Provides strategic direction, leadership and oversight for Global Small Business Risk ensuring business strategies, plans and initiatives are supported in compliance with governing regulations, internal policies and procedures. Provide Bank-wide oversight of credit policies, models, and processes and controls used to assess and mitigate risk.

Accountabilities

• Establish and oversee the development and execution of an effective risk management framework, ensuring appropriate identification, assessment, measurement and mitigation of credit risks; the development of decision tools and strategies to manage the portfolio. Works in collaboration with country CROs to ensure alignment to GRM roadmap across the life cycle, quality assurance, fraud management and credit sciences.

• Participate in Canadian Retail and International Senior Credit Committees, as well as the Mexico, Chile and Peru local Retail Senior Credit Committees as it pertains to the Small Business portfolios.

• Provide leadership and key oversight on the evaluation and decisions made on credit score and policy changes across the credit life cycle (adjudication, customer management and collections) with a focus on independent analysis of the risk-return trade-off given the credit risk profile of each proposal. This role is accountable for ensuring:

  • Credit policies/procedures are designed and managed to balance risk and growth for all credit portfolios. This includes ensuring the assessment, development and implementation of effective limits and controls over centralized adjudication and support units Provide leadership and counsel to the monitoring of fraudulent portfolio activity.

  • Risk management decision support tools, techniques, information, reporting and systems are available and designed to contribute to overall asset quality for domestic retail and small business credit portfolios.

  • Collections, portfolio default and account recovery policies, procedures, systems, analysis, forecasting and reporting are designed to minimize delinquency and loan losses for all retail and small business credit portfolios while identifying, developing and implementing cost reduction controls and initiatives.

  • Policies, procedures, decision support systems and monitoring tools are developed for new non-traditional growth segments/acquisitions.
    

• Lead the definition of the credit risk appetite for all main product groups in the key markets and facilitate reporting and analysis that ensure the portfolios are performing with acceptable risk measures. Proactively and systematically screen the portfolios and markets for emerging and long run trends which require action - develop and implement plans to adjust risk-taking or mitigating as required. Monitor and report on key macroeconomic and portfolio indicators, recommending changes to Executive via Senior Credit Committee, in consultation with key internal stakeholders.

• Direct the due diligence process for small business credit mergers/portfolio acquisitions to assess credit quality of existing portfolio. Identify potential issues related to adjudication, portfolio quality, and integration requirements.

• Develop and control the department s operating budget to ensure planned goals are met. Ensure approved strategic initiatives are implemented within budget.

• Maintain a high market profile with both internal and external contacts by building and maintaining internal relationships with key players/contacts; representing the Bank, as required, on risk management issues; participating on government and/or private business committees within the retail credit industry; providing advice and counsel as required on risk management issues to Senior and Executive Management throughout the Bank.

• Provide leadership, promote best practices and participate with credit risk management line departments on the uses of the best statistical scoring models, systems and credit risk methodologies to manage Scotiabank s customers. Develop and promote Scotiabank s Retail credit risk management culture and staff, by sharing knowledge/experience and providing opportunities for staff to share responsibility for achieving business objectives/goals. Recruit high performing and high potential credit risk management candidates.

• Creates an environment in which his/her team pursues effective and efficient operations of his/her respective areas, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational risk, regulatory compliance risk, AML/ATF risk and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook and the Guidelines for Business Conduct.

• Builds a high-performance environment and implements a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment, communicating vison/values/business strategy and managing succession and development planning for the team.

Education / Experience / Other Information:

• Undergraduate university degree, MBA preferred.
• 10-15 years of relevant work experience.
• Spanish language and international experience are an asset.
• Strong analytical skills and the ability to design and interpret information/data required to monitor the performance of the small business function is essential.
• Must be able to articulate their viewpoint/opinions to all levels within Scotiabank, domestically and internationally as well as to senior executives. The incumbent must be able to represent Scotiabank on risk management issues in a multitude of external venues (e.g., government regulators, banking committees, external auditors, industry associations, credit risk forums/roundtables, etc.).
• Ability to advocate innovative and creative solutions within the Bank s Credit risk appetite framework.
• Strong understanding of the various industries and the economic trends within the applicable jurisdictions in which this role will be required to make business decisions.
• Effective written and oral communication skill, and the ability to converse across functional lines, geographies, and at all levels of the organization.
• Must have an in depth understanding of:
  • Retail credit and risk management techniques
  • Predictive modeling theory combined with practical application in a credit environment
  • Features/policies/procedures associated with retail credit products and delivery channels
  • Legislative and marketplace issues relative to credit risk management
  • Economic business/financial trends in the retail credit industry ideally with a focus on Small Business

Working Conditions

Work in a standard office-based environment; non-standard hours are a common occurrence. Moderate international travel.

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.