Manager Credit Risk Strategy - Toronto, Canada - Scotiabank

Scotiabank

Verified Company

Toronto, Canada

2 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

Requisition ID: 168166

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

Purpose of Job:

The mandate of this role is to manage credit risk strategies for Credit Cards, Line of Credit and Overdraft portfolios under Retail and Small Business Lending in order to optimize risk/return for Canadian Banking in Global Risk Management.

Responsibilities:

Account Management Strategy Development

Develop and implement account management strategies for unsecured and secured retail credit portfolios under Retail and Small Business Lending, to drive incremental balance and risk adjusted revenue to support the business objectives for the portfolio
Leverage Champion/Challenger capabilities and incorporate nontraditional data and innovation for continuous improvements to existing strategies
Leverage data mining experience to design and execute portfolio segmentation for the purpose of optimizing risk/return
Recommend enhancements to existing account management strategies, procedures and policies, based on identified opportunities to improve portfolio performance

Portfolio Monitoring

Maintain reporting to monitor portfolio performance ensuring alignment with the Credit Risk Appetite
Analyze strategy effectiveness, leverage Champion/Challenger capabilities to confirm assumptions and recommend changes, identify if any credit risks are or will become in excess of the risk appetite framework and make recommendations on how to mitigate
Work effectively with internal stakeholders including business lines and technology partners to support the identification, development, implementation and monitoring of strategies

Support Business Line Initiatives/Projects

Work with product partners to ensure account management strategies are developed using best practices including decision science and data driven strategy
Work with business line partners to ensure business strategies across customer lifecycle management are consistent with the Risk Appetite Framework

Support TSYS Migration Project

Provide ongoing support to the TSYS Migration project team on risk functions, ensure all necessary data and functions are available post migration
Redesign account management strategies where necessary to leverage the new functions available in TRIAD and TSYS

Governance and Control

Collaborate with the model validation team to remediate the existing account management strategies
Provide timely support on account management escalations
Adhere to the latest strategy policies and processes

Job Requirements:

Bachelor's degree or higher in Business or quantitative field such as Finance, Economics, Sciences, Math, Engineering
35 years of experience in an analytical role with 13 years of analytical experience in credit risk management, including statistical analysis and modeling, with proven track record of success in driving development and implementation of risk strategies or models in the financial sector
Proficient in use of SAS, SQL, Python, R or other programming languages
Proficient in use of Tableau, Power BI or other data visualization tools
Strong business acumen with advanced understanding of retail credit products
Strong communication and presentation skills complemented with solid problem solving skills
Growth mindset with intellectual curiosity, proactiveness and passion for contunious learning
Solid interpersonal skills with ability to build strategic relationships and influence stakeholders
Working experience in credit risk strategy would be an asset
Working knowledge of Angoss Knowledge Seeker, SAS Enterprise Miner or similar tools would be an asset
Experience with TRIAD and TSYS account management systems would be an asset

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.