Senior Manager, GCM Banking: IB Business Banking and Capital Markets
Canada 5 days ago
Job Description
Requisition ID:
Join a purpose driven winning team, committed to results, in an inclusive and high:performing culture.
Scotiabank is Canadas most international bank, with an international presence unmatched by other Canadian Banks. Our operations include providing a full range of financial products, solutions and advice to retail, small business and commercial customers in Latin America, the Caribbean, Central America, and the Asia Pacific. In addition, our partnerships with associated corporations in China, Curacao, Thailand, and Venezuela provide an entire suite of personal, commercial, wealth management and insurance services to over 24 million customers globally.
Join a purpose:driven winning team, committed to results, in an inclusive and high:performing culture.
Purpose
Contributes to the overall success of the International Banking : Business Banking and Capital Markets / GCM Banking in Toronto, Canada ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team's business strategies and objectives. Ensures all activities conducted are in compliance with governing regulations, internal policies and procedures.
What You'll Do:
-Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
-The preparation of credit requests for new and existing counterparties, which includes financial analysis and appropriate transaction structuring and risk mitigation, as well as all other credit related requests to be submitted to Global Risk Management for adjudication and other internal approval groups. The Senior Manager is expected to be an expert of the inherent credit risks in the portfolio and will be responsible for some of the team's more complex requests, and counterparties which generate the highest level of revenue. Also, a Senior Manager needs to be available to step:in and provide seamless coverage of all accounts in the portfolio in the absence of any team member, including the Director.
-Provide ongoing credit and execution support for marketers/product teams and traders which includes supporting new business products/initiatives, and processing their limit requests within the requested timeline. The Senior Manager will become the primary service contact for the onboarding, credit execution and maintenance of these IB:GBM relationships for the assigned portfolio.
-A strong interest in international issues, including an awareness of global trade flows and business trends (economic, technological, social, legal, regulatory and political conditions and other factors) which could impact the financial viability of a client within the Departments global footprint.
-The oversight of the negotiation and review of credit documentation, such as the ISDA/CSA, GRMA and GMSLA, for new transactions and onboarding of new accounts for various Scotiabank entities. The Senior Manager will be aware of the standard terms that are acceptable to Scotiabank within these documents, and will understand the mechanics of the terms.
-In:depth knowledge of the Bank's lending policies, practices and procedures, as well as proven credit judgement.
-Strong communication skills, both written and oral, together with an ability to listen closely and ask relevant questions, are needed in order to interact with the many internal and external stakeholders.
-Ability to independently manage a portfolio of counterparties in various countries with varying banking sector dynamics, jurisdictions, accounting standards, regulatory requirements, etc.
-Interpersonal and time management skills are essential, as is a strong aptitude for understanding and managing operational risks that impact the credit function.
-Actively using various Scotiabank and IB:GBM Management Information Systems, trading and booking systems to provide accurate and re
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