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credit adjudicator
Title posted on CareerBeacon - Manager, Automotive Credit Strategies
Posted on October 27, 2024 by Employer details Scotiabank
Job details
Requisition ID: 208961Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. The mandate of this role is to oversee the acquisition credit risk strategies and policy for the Automotive portfolio to optimize risk/return within Global Risk Management to meet Canadian Banking strategic priorities. In this role, you will develop and monitor key performance indicators of the portfolio scrutinized through different lenses. You will use in-depth portfolio insights to develop through-the-door adjudication strategies or recommend policy changes for various segments and programs to maximize risk adjusted return while managing portfolio PCL under the current highly fluid credit market. This includes various stages of strategy development: identify opportunities through data driven analytics, leverage champion/challenger capabilities to confirm previous assumptions and forecast financial outcome of strategies, propose changes through rigorous business framework in place, implement the change with technology teams, perform post implementation validations, track performance to validate forecast and reinvent upon iterations. The incumbent will work in close collaboration with our risk technology partners to ensure credit strategies are implemented without production defect and along with business line partners to ensure business strategies are consistent with the Risk Appetite Framework. Is this role right for you? In this role, you will be responsible for: Strategy Development & Implementation Developing credit risk strategies for Automotive finance portfolio, leveraging a data driven approach to approve credit, set credit limit, and recommending risk adjusted pricing Ensuring successful implementation of strategy changes within the adjudication engine and performing post implementation validation Ensuring the design of development process adheres to regulatory and governance requirements. Portfolio Analytics and Oversight Using a variety of Business Intelligence analytical and reporting tools (ex. SAS, SQL, Python, Power BI, Tableau) to provide dynamic reporting on key performance metrics to various stakeholders in GRM and business lines Maintaining performance monitoring on new accounts acquired through different channels and special programs; ensuring performance align with targets, explain discrepancies/ emerging trends that may impact portfolio health (short term and long term) Analyzing strategy effectiveness and proactively identifying if any risk segments are or will impact provisioning estimates as vintages mature Identifying opportunities and propose innovative risk strategies with focus on risk/return, asset-based lending with building a robust and competitive portfolio in mind Reviewing and conducting analysis of existing policy and procedures to identify, promote and lead opportunities to maintain credit quality, improve efficiency and effectiveness of originations procedures including streamlining, automating, and standardization; recommending changes to enhance performance and overall customer experience. Automotive Financing Competitive Landscape Staying informed of competitive landscape, partnering with the business line to ensure that as risk managers our processes, strategies and policies consider the changing landscape. Developing and maintaining relationships with external business partners (e.g., OEMs, credit bureaus and dealer portals) and similar position contacts in other financial institutions. Support Business Line Initiatives/projects Ensuring all business line strategic projects (i.e., new product launches, changes to existing product offerings, new channels, new acquisition framework) are consistent with Risk Appetite Framework. Recommending changes to business line strategies to ensure the Bank does not take on more credit risk than planned Representing Risk's point of view and liaise with the stakeholders (operations, product owners, collections, technol- LocationToronto, ON
- Workplace information On site
- SalaryNot available
- Terms of employment Permanent employmentFull time
- Starts as soon as possible
- vacancies 1 vacancy
- Source CareerBeacon #2118059
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