Associate Director, Credit Solutions - Toronto, Canada - Scotiabank

Scotiabank

Verified Company

Toronto, Canada

2 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

Requisition ID: 195389

Roynat Capital, a wholly owned subsidiary of Scotiabank, is a national lender and investor with expertise in providing innovative long-term capital solutions for mid-sized companies utilizing senior term, subordinated debt, as well as mezzanine capital and common share equity.

We provide tailored solutions to clients for acquisitions, business expansions, wealth monetization, and working capital enhancement.

With a national presence in Canada in major markets, Roynat assists growth-oriented companies in reaching their goals across a wide range of industries.

Associate Director, Credit Solutions, Technology & Innovation Banking

Purpose

The Associate Director Credit Solutions is responsible for contributing to the profitable growth and quality of the Bank's Technology Banking Credit portfolio by performing financial solutions-related activities for clients including risk analysis, deal structuring, pricing, negotiation and presentation on complex deals in concert with the Associate Directors Origination.

The Associate Director Credit Solutions is responsible for deal structuring, negotiation and decisions on pricing and will interface directly with clients at times, in partnership with the Associate Director Origination.

The Associate Director Credit Solutions liaises with Credit / Global Risk Management through the credit decision-making process and ensures all activities are conducted in compliance with governing regulations, internal policies and procedures.

Accountabilities
Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.

Contributes to the profitable development of Commercial Credit business by:

Ensuring the timely analysis, structure and presentation of credit / financial solutions proposals within prescribed segment
Providing prompt and sound recommendations in the analysis and adjudication of credit proposals
Ensuring that writings to the Associate Director Origination clearly convey the rationale for decisions, so that they may respond effectively to clients
Recommending pricing for loans and creditrelated fees which yield a return commensurate with risk and due regard to profit, administration and competitive considerations
Recommending alternative terms, conditions and covenants to provide a viable banking proposal to the client within sound credit lending practices
Restructuring marginal proposals into bankable deals where possible
Providing guidance, coaching and counsel to Analysts and Associates Credit Solutions, so that they may better serve clients' needs
Liaising with the Business Service Centre for fulfilment (including documentation, liaison with 3rd parties, security registration) and all service activities
Ensuring adequate compliance monitoring and reporting actions as required

Ensures the accurate communication of the terms and conditions of an authorization and supervises the effective and timely implementation of same by:

Writing or reviewing all written authorizations to ensure accuracy, completeness and clarity
Ensuring prompt followup for acceptance of the authorization and reacting swiftly to any problems, amendments, extensions, reporting to senior management where necessary
Promptly and effectively addressing issues surrounding the adequacy, quality and completeness of loan documentation and security
Liaise to ensure any required changes to the Associate Director Origination and followup for the accurate execution and delivery of same prior to disbursement funds

Ensure the ongoing quality of the assigned credit portfolio through control and administration of the specific conditions and reporting requirements as specified in individual authorizations are adhered to by:

Advising senior management of any credit weaknesses developing within individual accounts, by ongoing awareness and analysis of relevant financial, legal, political, technological, and industry information
Adhere to any regulatory and internal Bank policies and requirements
Maintaining adherence to the Bank's Anti-Money Laundering program and Guidelines for Business Conduct, by reporting any unusual occurrences or fraudulent activities per established procedures

Safeguards the Bank's assets and liabilities by:

Maintaining adherence to the Guidelines for Business Conduct, by reporting any unusual occurrences or fraudulent activities as per established procedures
Adhere to Bank and Branch Security Procedures with respect to assigned Authorities and responsibilities

Executes the Branch Compliance responsibilities as reflected in the Branch Services and Procedures Manual by:

Review customer transactions (for those accounts assigned to you) to ensure activity is appropriate for the type of business and the initial projected volumes as stated at opening date of account and/or volumes updated from that time
Assist in obtaining additi