Manager, Asset Sales and Recovery Analytics - Toronto, Canada - Scotiabank

Scotiabank

Verified Company

Toronto, Canada

1 week ago

Posted by:

Sophia Lee

beBee Recruiter

Description

Requisition ID: 165765

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

Purpose of Job:

The Manager, Retail & Small Business Collections GRM performs Risk Collections function for Asset Sales in the back end for the Bank by developing valuation models, data analysis, challenge collection practices and support execution and oversight of various initiatives in Canadian Banking.

The incumbent continually monitors internal and external leading indicators on behalf of the Bank and reengineers processes and practices to improve debt recovery and gain operational efficiencies.

The incumbent ample experience in:
- retail and small business collections and recovery strategies.
- asset sales, insolvency process, distressed debt market in the Americas and with adequate knowledge of the regional challenges
- portfolio valuations

Data analytics with a minimum of 3 years of experience working with large datasets using statistical tools SAS/SQL/Tableau/PowerBI
Stakeholder management and effective communication skills

Leveraging from his background in those pillars Is expected to provide specialized advice and counsel, and spearhead implementation of improvement initiatives.

Responsibilities:

Achieve a proper strategic management of debt collections and recovery functions by:

Procure continuous improvement of all components from credit risk perspective, leveraging risk technology and by working within the minimum standards defined in the global collections policy
Mitigating risks/loss to the Bank by ensuring adherence to credit risk management policies and operational guidelines
Ensuring units are operating within budget(s) and against established compliance/governance guidelines as measured by audits
Ensuring service level agreements are contracted and met or exceeded with both internal partners and external vendors
Keep updated on distressed asset management strategies.
Ensuring future enhancements are properly implemented
Support Senior Manager in reorganizations/projects to create a Collections organization that is aligned with business partner's strategic focus.
Lead initiatives to strengthen the Collections and Recoveries risk and operational effectiveness and efficiency.

Continually champion new opportunities which lend themselves to the Bank's goal of improving productivity, enhancing service and reducing costs by:

Promoting the reengineering of processes to improve debt recovery levels, improve productivity and reduce costs
Provide guidance to internal stakeholders about convenience and applicability of Asset Sales, attending specifically to the portfolio needs and current capabilities.
Streamlining and/or integrating automation and technology

Support Asset Sales processes aligned with the broader Bank strategy by:

Overseeing the implementation and adherence to the policies for Asset Sales across Canadian Banking.
Supporting the sale process endtoend and oversee and coordinate the internal and external stakeholders involved in the same.
Coordinate the deployment of resources to initiate, process and close Asset Sales throughout the footprint.
Asset valuations of multiple portfolios

Data Analytics:

This role requires working with large data sets, developing its understanding to produce meaningful information and leverage for valuation, recovery analysis and other trends

Job Requirements:

Undergraduate degree or higher required. Degree in statistics, business, economics or finance preferred
Strong knowledge in data management and statistical analytics to understand customer behaviour and recover trends
Minimum 3 years of experience in the use of SAS programming, SQL, Power BI/Tableau is must, Advanced level in Excel is an added advantage
Bank / Retail and Small Business Lending experience
Adequate knowledge of Retail and Small Business Credit products
Adequate knowledge of project management disciplines
Good understanding of the Bank's business plans and objectives

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.