Job Description

Requisition ID: 98697

Join the Global Community of Scotiabankers to help customers become better off.

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.

Is this role right for you? You will be responsible for:

* Assisting the U.S. Loan Review (USLR) Director in executing the USLR Plan, providing financial and regulatory reporting and meeting regulatory requirements
* Identifying systemic/emerging issues and/or strategic changes planned/undertaken by the 1st and 2nd line functions that will impact the USLR Plan, including review of business/strategic plans, review and update the Risk Assessment Database for entities assigned, attend periodic meetings with key management officers to understand changes and new business initiatives and review key performance indicators
* Reviewing plans, business, risks and processes against market conditions and incorporated into Credit Risk Assessments and with respect to processes / controls to be audited
* Participation in the development and execution of the Annual Review Plan
* Planning assigned Reviews or assigned areas by ensuring the scope and extent of work is in accordance with the approved plan; timing and budget are reasonable; procedures are efficient; appropriate resources are assigned; and risks understood
* Scheduling reviews and resources as necessary, ensuring the approved Review plan is implemented; ensure an integrated approach is applied with Internal Audit, including staff from other business lines to assist in the project, as necessary
* Developing a thorough understanding of the business, risks and processes for assigned Reviews and projects. Identify emerging issues that may impact the business units subject to Review
* Developing and/or update Detailed Audit Programs (DAPs) as appropriate
* Leading and supporting USLR team members in conduct of target reviews; continuous monitoring reviews and reporting
* Performing credit reviews of loans, borrower relationships and credit risk controls
* Evaluating the adequacy of system design and internal control framework in meeting business, operational and control objectives
* Ensuring department standards are followed in execution of assignments including the appropriate nature and extent of audit testing
* Evaluating credit exposures to ensure risk grading accuracy and timeliness, and compliance with Bank policy and regulatory guidelines
* Identify loans with potential credit weaknesses and any relevant trends that may affect collectability
* Ensuring internal control weaknesses have been identified, errors have been quantified as appropriate, problems and associated impact are properly defined, documented and reported; identified issues are clearly understood and confirm that line management/product owner will take corrective action. Escalate to Senior Management and Audit Management as necessary for material control weaknesses
* Preparation and/or Reviewing findings for presentation to management
* Monitoring and tracking remediation of outstanding issues as assigned for inclusion in quarterly reports to 1st and 2nd line functions and Internal Audit (U.S. & Toronto) and escalate to Senior Management and Audit Management where corrective action items remain delayed and impact controls
* Through written reports and correspondence, demonstrating a thorough understanding of issues with key risks clearly articulated and materiality clearly explained. Recommendations build in best practices observed in other units
* Drafting quarterly reporting to senior management and/or the Audit Committee, ensuring key risks observed during the quarter are identified and summarized. Participation in the Continuous Monitoring process and reporting on a quarterly basis through ongoing monitoring of MIS, the external environment and discussions with management, to stay abreast of new or emerging risks and their impact on the Review
* Presentation of findings to line management (or assist OIC) and facilitate Review closing meetings as needed
* Monitor and follow-up for corrective action/progress against reported issues in the USLR and Audit Issues Tracking Database on a quarterly basis
* Ensuring relevant information that impacts other U.S. Audit and Toronto based Audit function areas are shared
* Maintaining effective communication with 1st and 2nd line function management, including appropriate handling of conflicts and issue resolution
* Complying with department established HR Management policies and procedures
* Managing the development of staff by providing direction and coaching; development of training programs; impart specialized skills to other USLR officers through peer discussions and cooperation on cross-functional Reviews/assignments and performance management
* Managing self-development by/through confirming job expectations; identifying mentors/coaches and enquiring about training needs; ensuring timely completion of performance appraisals; recruiting, interviewing and selecting candidates as needed

Do you have the skills you need to succeed? We'd love to work with you, if you have:

* A Bachelors degree or equivalent work experience with post graduate degree and/or CFA preferable
* Formal (bank, rating or bank regulatory agency, consulting, etc.) including ability to perform fundamental and comprehensive financial analysis of historical and projected financial statements
* At least 8 years of banking/credit experience, preferably including experience in credit adjudication and US Loan Review functions
* Knowledge of U.S. regulatory environment and emerging risks
* Computer proficiency (MS Office) and ability to acclimate to Scotiabank proprietary systems
* Strong oral and written communication skills
* The ability and willingness to articulate well supported credit opinions, including those divergent from banking and credit officers/staff
* A collaborative approach to work with USLR team and with banking and credit officers/staff
* The capacity to manage competing project priorities and a diverse workload
* Strong interpersonal skills, strong work ethic, and self-motivated
* The ability to accept accountability and demonstrate initiative
* Familiarity with risk based auditing standards, techniques and methodologies, a plus
* Strong oral and written communication skills
* Strong knowledge of credit and risk management practices, policies and procedures as applicable across the Bank's business lines
* Prior experience conducting U.S. Loan Reviews, ensuring compliance with regulatory guidelines and expectations will be an asset
* Good understanding of the US regulatory environment, including regulations impacting the Corporate Credit processes and particularly those regulations applicable to Loan Review functions in the US
* Good project management, planning, and organizational skills, including managing competing project priorities and a diverse workload
* A proven ability to manage and lead a team of professionals