Validation Officer Anjou Casual - Montréal, Canada - Scotiabank
Description
Requisition ID: 184130Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
Purpose
Validation Officer contributes to the overall success of the Dealer Finance Centre (DFC) in Canada ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team's business strategies and objectives.
The Validation Officer is responsible for completing verification and validation of information contained in approved indirect loan / lease agreement and related supporting documents prior to release of funds to automotive dealership.
Accountabilities
Perform all verification activities related to approved Indirect Loans and Leases received for funding by:
- Completing the Contract Message Screen with making the necessary changes and accepting the details as per the documents provided;
- Attaching the documents on the Validation Screen to each tab as required and adding additional documents if necessary
Proof or Residency/Alternate Payor Form/Proof of Downpayment);
- Ensuring that any required Lending documents are sent to Lending to review prior to validating and funding the deal as per stip
Proof of income/ Corporate Search );
- Verifying vehicle insurance coverage and residence as required by the Indirect Retail Lending Policy Bulletin;
- Verifying the validity and accuracy of Retail Credit Agreement or Retail Lease Agreement in all respects including verifying the collateral description in documents back to the Bill of Sale.
- Verifying the validity and accuracy of all financial components that will impact the amortization of the lease on the Bank's books at the end of the term;
- Requesting documentation from dealerships to obtain guarantees to cover higher residual values (in excess of standard Insurerapproved residual values) which usually arise out of customer/dealer disputes or dealerships staff errors;
- Ensuring that all leaseend values are within Bank and/or Residual Value Insurer guidelines;
- Verifying Insurance documentation as per policy;
- Escalating variances that are outside of Bank and/or Residual Value Insurer guidelines to the dealer and/or Funding Manager or Retail Lending with recommendation for rectification and/or approval prior to funding as needed to control the monetary risk to the Bank.
Resolve all identified discrepancies by:
- Identify issues and take corrective measures where the documents received for funding are not in compliance with the original approval;
- Communicate with the dealer to make corrections to documentation by returning a deficiency and/or a dealer message;
- Adhering to Contract Variance Policy Guide
- Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and
- Responding to requests for information / clarification from dealerships regarding documentation and funding situations in a professional and within set service level agreements;
- Escalating more serious situations/problems to the supervisor, as needed for speedy and equitable resolution;
- Maintaining a positive working relationship with Lending, Accounting and other DFC Staff in order to quickly and efficiently resolve issues/problems before they result in loss of a dealer's retail business and negatively impacting the commercial business relationship.
- Ensuring customer profile fits the information on the document provided, and credit bureau;
- Justify a buyer outside of his province of residency OR contact the lending team for a justification;
- Understanding how the Bank's risk appetite and risk culture should be considered in daytoday activities and decisions.
- Champions 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
More jobs from Scotiabank
-
First Nations/metis/inuit Candidates
Toronto, Canada - 1 week ago
-
Velocity - Corporate Security Internship/co-op
Toronto, Canada - 3 weeks ago
-
Specialist, Planning Performance, Scotia Digital
Vancouver, Canada - 1 week ago
-
First Nations/Métis/Inuit
Aurora, Canada - 15 hours ago
-
Chef Expérience Client
Montréal, Canada - 2 weeks ago
-
HR Data Management Advisor
Toronto, Canada - 3 days ago