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Scotiabank

Senior Client Relationship Manager, Commercial Banking - Saint John, NB

Location
Saint John, NB
Details
Full Time
6 days ago
Title:  Senior Client Relationship Manager, Commercial Banking - Saint John, NB

Requisition ID: 64665

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

Purpose
Contributes to the overall success of the Client Relationships in Mid-Market in a defined market area in 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.

The Sr. Client Relationship Manager "SCRM" is a product generalist who posses a good understanding of financial products and services and focuses on the cross sell and retention of existing commercial customers. He/She is responsible for identifying prospects in target markets, developing proposed sales pipelines, conducting prospect sales calls and qualifying opportunities based on customer information and a high level of due diligence. He/She manages a customer portfolio of moderate to higher complexity, with business development activities that targets clients with credit authorizations between $5MM to $25MM and annual sales between $15MM to $75MM. The role is specific to the Core segment of Commercial Banking Distribution.
The SCRM is responsible for ensuring effective relationship management and conducts sales planning and fulfills the execution of service for existing customer base. The incumbent is also responsible for analysis and completion of credit applications with dedicated support from a Sr. Client Service Associate.

Accountabilities
• Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.

• Promotes the development and profitable growth of the commercial banking portfolio in the assigned market area by:
  • Developing and implementing a structured marketing strategy to maximize business development opportunities for sustainable growth;
  • Developing strategic sales plans for prospects and existing customers;
  • Identifying prospects/referrals from both internal/external networks;
  • Analyzing prospect lists and prioritizing business development opportunities based industry/market data and customer analytics;
  • Partner with internal resources for non-credit related products;
  • Referring customers and prospects to the appropriate Commercial Bank segment and partners as appropriate.

• Pursues an aggressive business development program within the assigned market area according to agreed-upon growth objectives by:
  • Leading the direct selling of credit and non-credit commercial products to prospects and customers;
  • Maintaining an appropriate ongoing sales pipeline and calling program;
  • Identifying and facilitating the involvement of key Bank resources and stakeholders to further business interests;
  • Maintaining effective follow-up with prospects/referrals on any unsuccessful opportunities;
  • Updating client or contact information accurately and in a timely fashion.

• Builds and maintains a high market profile in the assigned market area with both internal and external contacts by:
  • Planning and completing relationship activities that generate sales opportunities and / or provide value to clients;
  • Building and maintaining an awareness of local market and general economic conditions;
  • Meeting with key industry and business leaders, as well as other centres of influence;
  • Participating in local professional and community events and associations to develop and expand network of contacts;
  • Liaising with Bank product specialists to stay abreast of new enhancements, products and services, and to fulfil identified client needs.

• Ensures all aspects of assigned relationships receive ongoing attention, as required to maintain, improve, grow and retain the relationship by:
  • Promoting and encouraging a strong relationship with the SCSM and Client Solutions Analysts (CSAs);
  • Using strong knowledge of the Bank's diverse products and services to ensure the banking needs of each relationship are well understood and documented.
  • Actively seeking customer feedback on Bank products and services and the delivery of customer service;
  • Liaising with the Shared Services Business Support Centre (BSC) for fulfilment (including documentation, liaison with 3rd parties, security registration), compliance monitoring, reporting actions and all service activities as required;
  • Leading the direct selling of credit and non-credit products and partnering with all internal product specialist groups as required ensuring customer needs are met.

• Safeguards the Bank's assets and liabilities by:
  • Ensuring any support from the BSC on fulfillment, client portfolio monitoring and servicing is completed;
  • Ensuring early identification of problem loans and ensuring the accuracy of risk ratings through identification of changes in account quality via review of industry/economic trends;
  • Making recommendations relative to structure, monitoring and risk rating to Global Risk Management as issues are identified. This may include exiting a relationship;
  • Directing and assisting Client Solutions Analysts in the evaluation of all information received and reporting deficiencies or any negative findings to senior management including RA, and final risk rating assessment
  • Maintaining adherence to the Bank's Anti-Money Laundering program, Know Your Customer requirements and Guidelines for Business Conduct, by reporting any unusual occurrences or fraudulent activities as per established procedures.

• Manage an assigned credit portfolio for authorizations between $5MM to $25MM at an acceptable level of risk by:
  • Completing credit reviews in a timely and sufficiently detailed fashion
  • Authorizing, renewing or declining customer requests within standard Bank policies and authorized limits, forwarding others as per established processes.
  • Preparing and/or ensuring all documentation is properly prepared
  • Ensuring accounts adhere to the conditions of authorization
  • Identifying and resolving deviations from the conditions of authorization
  • Ensuring early identification of problem loans and ensuring the accuracy of risk ratings through identification of changes in account quality via review of industry/economic trends;
  • Making recommendations relative to structure, monitoring and risk rating to Global Risk Management as issues are identified. This may include exiting a relationship;

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

• Actively pursues effective and efficient operations of his/her respective areas in accordance with Scotiabank's Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk.

• Champions a high performance environment and contributes to an inclusive work environment.

The clients being serviced are in Canada and generally within the same region although they could have operations across the country as well as in international locations. These clients will be both borrowing (between $5MM to $25MM) and non-borrowing. Borrowing Clients typically have moderate to higher complexity financial solutions.

Targeted revenue from the portfolio is $3MM/yr.

Strong organizational skills are necessary to manage significant data from multiple sources and balance various tasks from client service administration to borrower reporting processing to credit related support.
The SCRM will interact primarily with various internal partners which include: Global Risk Management, the Business Service Center, Enhanced Due Diligence Unit CRA, Wealth Management, Global Banking and Markets, Payments and Cash Management and could include other partners as well as the Commercial Banking Executive Office.

The SCRM will also interact with external parties such as Solicitors, Accountants, Professional Service Providers and possibly External Bank Groups.
The SCRM continually works with clients providing service consistent with Scotia Service Standards, Complaint Resolution Standards and Procedures. The SCRM looks for opportunities to promote the sale of bank product and services.

The environment is fast paced and demanding and will at times require priorities be re-adjusted to accommodate urgent requests.

Education and Complexity of Position:

• The incumbent must have at least 2 to 5 years of commercial banking experience. They require a strong knowledge of the commercial banking marketplace in Canada and a detailed knowledge of the assigned market area's key prospects, major companies and competitive positioning within the assigned market area. The incumbent must also have a strong understanding of the Commercial Bank's objectives, strategies and structure, as well as its lending and deposit products and services.
• The incumbent must possess intermediate credit skills and an understanding of financial analysis, risk analysis techniques, credit adjudication and the Bank's lending policies/procedures.
• Very strong interpersonal skills and communication skills are essential to this position. The incumbent must be able to effectively articulate views both within the Bank and externally in the marketplace.
• Strong PC skills are necessary, including a working knowledge of MS Word, Excel, PowerPoint, and all commercial systems and platforms.
External education and/or licensing prerequisites: undergraduate degree in business or economics or work equivalency. Other training requirements as determined by the Bank from time to time.

Functional competencies:
• Expert sales/closing skills.
• Strong networking skills and interpersonal skills
• Strong negotiation skills
• Good communication skills (oral and written).
• Thorough knowledge of relationship building and teamwork skills
• Thorough knowledge of Bank's commercial lending and deposit products and services, and customer profitability model in order to provide integrated financial solutions
• Ability to conduct due diligence on strength of customer financials for deals of moderate size and complexity.
• Experienced credit skills

Working Conditions
The incumbent works in a standard office environment. Normal sensory attention is required. The incumbent is required to travel within their assigned geography in order to execute on sales calling program. Frequent interruptions, ad hoc requests and unplanned operating issues, along with constantly changing priorities contribute to the high demands placed on the incumbent. Non-standard working hours are a regular occurrence.

#IN-CAMP
 
Location(s):  Canada : New Brunswick : Moncton || Canada : New Brunswick : Saint John 
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. 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.

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Category
Banking, Finance and Insurance