Senior Manager, International Provisions

Requisition ID: 133804

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

Purpose of Job:

This position assists in the forecast of loan loss provisions for the international portfolios. The incumbent ensures the accuracy and integrity of the forecasting methodology and on-going compliance with IFRS and OSFI regulations. In addition, the incumbent supports current processes and documentation in order to satisfy Internal, External, and SOX audit requirements.  

This position requires experience in Finance and Retail Credit Risk. The individual must be results oriented with good technical knowledge, balanced by an intrinsic understanding of the business lines and environment. A minimum of 5 years of related working experience is required. 

Job Responsibilities:

1) Leads the divisional credit provisioning and portfolio evaluation process, ensuring ongoing adequacy of the international credit reserves.

2) Assists in the provisioning methodology (IFRS9) by validating information, running models, and ensuring the results obtained are as expected.

3) Ensures accuracy, integrity, validity and completeness of the information and models used for provision assessment under the IFRS 9 methodology.

4) Contributes to the internal and external audit process, including SOX controls and compliance with external regulations including OSFI and IFRS.

5) Maintains a high-level of customer service and satisfaction that is consistent with Global Risk Management – Retail Credit Risk and Scotiabank service standards.

Job Requirements:

• Previous experience in consumer Retail Risk analytics such as predictive analytics and data mining.
• Prior loan loss provision and financial modelling would be an asset.
• Integrity, high attention to detail, thoroughness and accuracy are critical to ensure quality outputs.
• Good interpersonal and communication skills are essential in dealing with many senior internal and external stakeholders, as well as preparing reports for Executive Management.
• Good knowledge of SAS, SQL, Excel and database would be an asset.
• Solid organizational and time management skills to manage competing activities within short time frames.
• An ungraduate degree in a quantitative subject (economics/accounting/Finance/statistics). A professional designation (such as CFA, CMA or CA) would be considered a plus.

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.

At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. If you require technical assistance, please click here. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.