Entry Level Credit Risk Analyst Jobs in Toronto, ON

Requisition ID: 269372 
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

Credit Solutions Associate, Commercial Banking (Mississauga or Markham office location)

The Credit Solutions Associate (CSA) provides the Client Relationship Managers with end-to-end creditunderwriting support for all growth clients in their assigned portfolio.

This will include working with internalpartners and directly reaching out to clients to address various activities such as collection/processing offinancial reporting, satisfaction of funding requirements, onboarding needs and resolution of escalated client challenges. The role is specific to the Growth Segment and the less complex Core clients in CommercialBanking Distribution. 

Is this role right for you? In this role, you will: 

Champion a customer focused culture to deepen client relationships and leveragebroader Bank relationships, systems and knowledge. 

Working closely with Client Relationship Managers, the Credit Solutions Associate (CSA) isresponsible for providing the following services to a portfolio of existing and prospectiveclients: 

Credit Analysis and evaluations: 

• • Conduct thorough credit analysis and evaluation of loan applications including required duediligence from commercial clients.
  • Assess the financial health, creditworthiness, and risk profile of potential borrowers.
  • Prepare detailed credit reports and recommendations for credit approval or denial.
  • Analyze financial statements, credit reports, and other relevant documentation to identifypotential risks and opportunities. 
     

Portfolio Monitoring: 

• • Monitor and manage the credit risk portfolio, ensuring compliance with the bank's riskmanagement policies and procedures.
  • Identify and mitigate potential credit risks through proactive monitoring and analysis.
  • Contact clients for financial reporting and spread Financial Statements, Projections andBorrowing bases, review results, escalate any signs of deterioration and update appropriatesystems. 
     

Compliance: 

• • Ensure all documentation is organized, accessible, and compliant with the bank's record keeping policies.
  • Ensure all credit analysis and evaluation processes comply with relevant regulatoryrequirements, internal process, policy and guidelines.
  • Stay up to date with changes in regulatory frameworks, internal process, policy, guidelines andindustry best practices. 
     

Understand how the Bank's risk appetite and risk culture should be considered in day-to-day activities and decisions. 

Do you have the skills that will enable you to succeed in this role? - We'd love to work with you if: 

• Ideally you have a College/University degree or equivalent work experience in a related field.
• Strong/proven knowledge of Financial Statements and credit analysis.
• Knowledge of credit structures and applicable risk management
• Strong commitment to excellent client service and ability to work with clients to resolve issues in anamicable and prompt manner.
• Detail-oriented and highly organized, with the ability to manage multiple tasks and priorities effectively.
• Thorough knowledge of the applicable software and technology platforms for Commercial (e.g., SalesForce, Intralink, Teams).
• Working knowledge of the features and benefits of Commercial products and services.
• A high degree of flexibility to adapt to a wide variety of tasks. 
   

What's in it for you? 

• The opportunity to join a forward-thinking organization surrounded by a collaborative team of innovative thinkers.
• A rewarding career path with diverse opportunities for professional development.
• A competitive compensation and benefits package
• Internal training to support your career growth and enhance your skills.
• An organization committed to making a difference in our communities - for you and our customers. 
   

Working Conditions:

• Work in a standard office-based environment; non-standard hours are a common occurrence.The environment is fast-paced and will at times require priorities be re-adjusted to accommodate urgent requests. 

Location(s):  Canada : Ontario : Markham || Canada : Ontario : Mississauga 
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.