Job Description
Requisition ID: 221673
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
The Analyst, Wealth Credit Structuring is responsible for contributing to the profitable growth and quality of the Bank’s Private Banking Credit portfolio for highly complex and customized financial solutions by collecting, processing and assimilating customer reporting information and supporting the Director, Private Banking Credit Solutions (DPBCS) and (Sr.) Credit Solution Manager (CSM) in the preparation of the write-up of credit applications, which may include financial modelling and due diligence. The incumbent will assist the DPBCS or CSM in providing administrative support and service for client-facing interactions.
Is this role right for you? In this role you will:
Process and Analyze Customer Reporting items by:
Maintaining a complete monitoring system(s) to ensure customer reporting is completed in a timely manner;
Updating the monitoring system(s) with necessary information to ensure accuracy of the customer reporting requirements (this includes various data such as annual review date, etc);
Completing the spreading of financial statements in Moody’s Risk Analyst (RA) and the Financial Analysis Worksheet (FAW) in an accurate and timely manner as required;
Identifying and actioning customer reporting items that are overdue, and following up with Credit Solutions Manager and/or Private Banker for overdue items that are between 0 and 60 days overdue. The objective is to minimize the number of items outstanding beyond 60 days which would otherwise need to be escalated;
Supporting the offside conditions and onside with material deterioration process by:
Advising DPBCS / CSM when offside conditions or material deteriorations have occurred and commencing offside memos as required, under the guidance of the DPBCS / CSM;
Updating the monitoring system(s) to identify offside reporting conditions and removing flag when authorized
Ensuring that all relevant correspondence and authorizations are properly stored in the Shared Document Repository (SDR)
Ensuring fees, pricing, IG and authorized limit changes are correctly processed/resolving as required and systems as applicable are appropriately updated.
Support the Annual Review process and preparation of credit correspondence by:
Analyzing client files in the monitoring system(s) to determine annual review reporting items that are due;
Commencing the preparation of 1035s and assisting DPBCS / CSM as necessary;
Preparing/completing spreads of annual financial reporting as necessary in the FAW;
Ensuring client files are complete and up to date in monitoring system(s), and that all relevant correspondence and authorizations related to the Annual Review process are properly stored in the Shared Document Repository (SDR);
Ensuring fees, pricing, IG and authorized limit changes are correctly processed/resolving as required and systems updated as required to reflect the information outlined in the Credit Authorization;
Collecting confirmation of conditions precedent items as outlined in Commitment Letter/Credit Authorization, and uploading items into SDR as part of the Annual Review process;
Do you have the skills to enable you to be successful in this role? We would love to work with you if you have:
Well organized and ability to multi-task
Good excel skills needed to prepare and update Financial Analysis Worksheets
Good credit skills (familiarity with writing up complex deals, spreading financial statements, assessing risk, financial modeling and drawing conclusions)
Good Moody’s Financial Analysis knowledge
Intermediate accounting and financial statement analysis
Good communication skills (oral and written)
Interpersonal skills to effectively interface with customers
Good knowledge of the Bank’s retail, commercial and private banking products and services
Negotiation skills required for internal discussions
Customer contact may be required for follow-up on information gathering for new deals, interim/annual reviews and compliance
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. 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.
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
The Analyst, Wealth Credit Structuring is responsible for contributing to the profitable growth and quality of the Bank’s Private Banking Credit portfolio for highly complex and customized financial solutions by collecting, processing and assimilating customer reporting information and supporting the Director, Private Banking Credit Solutions (DPBCS) and (Sr.) Credit Solution Manager (CSM) in the preparation of the write-up of credit applications, which may include financial modelling and due diligence. The incumbent will assist the DPBCS or CSM in providing administrative support and service for client-facing interactions.
Is this role right for you? In this role you will:
Process and Analyze Customer Reporting items by:
Maintaining a complete monitoring system(s) to ensure customer reporting is completed in a timely manner;
Updating the monitoring system(s) with necessary information to ensure accuracy of the customer reporting requirements (this includes various data such as annual review date, etc);
Completing the spreading of financial statements in Moody’s Risk Analyst (RA) and the Financial Analysis Worksheet (FAW) in an accurate and timely manner as required;
Identifying and actioning customer reporting items that are overdue, and following up with Credit Solutions Manager and/or Private Banker for overdue items that are between 0 and 60 days overdue. The objective is to minimize the number of items outstanding beyond 60 days which would otherwise need to be escalated;
Supporting the offside conditions and onside with material deterioration process by:
Advising DPBCS / CSM when offside conditions or material deteriorations have occurred and commencing offside memos as required, under the guidance of the DPBCS / CSM;
Updating the monitoring system(s) to identify offside reporting conditions and removing flag when authorized
Ensuring that all relevant correspondence and authorizations are properly stored in the Shared Document Repository (SDR)
Ensuring fees, pricing, IG and authorized limit changes are correctly processed/resolving as required and systems as applicable are appropriately updated.
Support the Annual Review process and preparation of credit correspondence by:
Analyzing client files in the monitoring system(s) to determine annual review reporting items that are due;
Commencing the preparation of 1035s and assisting DPBCS / CSM as necessary;
Preparing/completing spreads of annual financial reporting as necessary in the FAW;
Ensuring client files are complete and up to date in monitoring system(s), and that all relevant correspondence and authorizations related to the Annual Review process are properly stored in the Shared Document Repository (SDR);
Ensuring fees, pricing, IG and authorized limit changes are correctly processed/resolving as required and systems updated as required to reflect the information outlined in the Credit Authorization;
Collecting confirmation of conditions precedent items as outlined in Commitment Letter/Credit Authorization, and uploading items into SDR as part of the Annual Review process;
Do you have the skills to enable you to be successful in this role? We would love to work with you if you have:
Well organized and ability to multi-task
Good excel skills needed to prepare and update Financial Analysis Worksheets
Good credit skills (familiarity with writing up complex deals, spreading financial statements, assessing risk, financial modeling and drawing conclusions)
Good Moody’s Financial Analysis knowledge
Intermediate accounting and financial statement analysis
Good communication skills (oral and written)
Interpersonal skills to effectively interface with customers
Good knowledge of the Bank’s retail, commercial and private banking products and services
Negotiation skills required for internal discussions
Customer contact may be required for follow-up on information gathering for new deals, interim/annual reviews and compliance
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. 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.
💡 Quick Summary
Seeking a career-building opportunity? The Analyst, Wealth Credit Structuring position is now open for candidates interested in the Bank Jobs sector. This role in Toronto offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.
