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Senior Manager, Pre-Approved Acquisitions


This is a Contract position in Toronto, ON posted January 4, 2021.




Requisition ID: 93807

Join the Global Community of Scotiabankers to help customers become better off.


Job Purpose:


The mandate of this role is to lead the development of credit risk strategies, policies and procedures for pre-approved acquisition for Credit Cards and Unsecured Lending portfolio in order to optimize risk/return for Canadian Banking in Global Risk Management.


Job Responsibilities:


Portfolio Monitoring and Pre-Approved Acquisition Strategies:

  • Develop and implement credit risk strategies, policies and procedures for Credit Cards and Unsecured Lending portfolios using analytics, empirical decision models and competitive analysis.
  • Leverage champion/challenger capabilities and incorporate non-traditional data and innovation for continuous improvements to existing strategies.
  • Conduct analysis to identify change in credit quality, exceptions, customer behavior and origination trends.  Develop and track early-warning indicators to identify population shifts.
  • Examine the nature and depth of customer’s relationship across lending products to strengthen and develop customer profiling tools and customer segmentation analysis.
  • Monitor, assess and evaluate existing risk strategies to identify opportunities and recommend changes to pre-approval strategies to ensure the Bank does not take on more credit risk than planned; including a forward-looking assessment to ensure it is within risk appetite
  • Demonstrate initiative to automate and simplify tasks to set risk thresholds to measure and control risks using technical or analytical skills.
  • Promote best practices and leverage appropriate analytical tools for all strategy development and policy enhancements as well as leveraging information from credit bureau and other third-party data.
    Support Business Line Initiatives/Projects:
  • Participate in projects for Credit Cards and Unsecured Lending programs. This includes the review of business cases, risk proposals, requirements documents and liaising with the appropriate groups throughout the organization.
  • Maintain a current, in-depth knowledge, relative to assigned products, of the Bank’s operating procedures and systems, by delivery channel/centralized unit (e.g. branch, digital, call center etc.).  Identify areas where new/enhanced policies or procedures need to be implemented to improve productivity and performance within risk appetite and recommend/implement appropriate changes.
    Canadian Regulator, Internal Audit and Fraud Management:
  • Support investigations and solutioning for OSFI findings and/or Internal Audit items in an appropriate and acceptable timeframe.
  • Liaise with the Fraud Department and Security and Investigations as required.
    Develop and maintain relationships with internal and external business partners and similar position contacts in other financial institutions:
  • Leverage data from Scotiabank Economics, Risk Analytics, Canadian Bankers Association for competitor performance and employment rates; informing the business line and preparing for headwinds as required.
  • Stay informed of competitive landscape, partnering with the business line to ensure that as risk managers our processes, strategies and policies consider the changing landscape.
    Team Support:
  • Support the team in coaching and providing guidance in the areas of quantitative methodology and risk strategies.


Job Requirements:


  • Strong knowledge in the use of SAS/Enterprise Miner or similar statistical software including the ability to apply advanced statistical techniques.
  • Strong analytical and MIS background, including the ability to apply standard statistical techniques using analytical tools to extract, analyze and manage data.
  • Project management and leadership skills to prioritize, manage and implement a variety of competing initiatives.
  • Strong communication and relationship management skills complemented with solid analytical and problem-solving skills.
  • Knowledge of credit scoring and risk assessment as well as portfolio management and behaviour scoring to maximize the effectiveness of existing technology in providing competitive and effective policies that respond to the credit needs of our customers.
  • Minimum of three to five years with an organization focused on improving the customer experience and automating processes, with a proven track record of success in using analytical tools to conduct data analysis, ideally related to credit risk management.
  • Bachelor’s degree or higher in business, statistics, economics, mathematics, management science or analytics
  • Prior experience in a retail lending environment or credit risk management is preferred.


Location(s):  Canada : Ontario : Toronto 

As Canada’s International Bank, we are a diverse and global team. We speak more than 100 languages with backgrounds from more than 120 countries. Our employees are committed to a superior customer experience and use the Bank’s six guiding sales practice principles to ensure they act with honesty and integrity.

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.