About Company
Scotiabank is a leading bank in the Americas, deeply committed to building a better future for our customers, communities, and employees. As a global financial institution, we operate in over 40 countries, serving more than 25 million customers with a comprehensive range of advice, products, and services, including personal and commercial banking, wealth management, corporate and investment banking. With a proud history dating back to 1832, our success is driven by our commitment to integrity, innovation, and a diverse and inclusive culture. We believe in fostering an environment where every employee can thrive, contribute their unique talents, and grow professionally. Join Scotiabank and become part of a team dedicated to helping our clients achieve their financial goals and making a positive impact on the world.
Job Description
Are you a highly analytical and detail-oriented financial professional seeking to advance your career with a globally recognized financial leader? Scotiabank is actively seeking a talented and motivated Credit Analyst to join our dynamic team, supporting our operations from North Shores, Rehoboth Beach. In this pivotal role, you will be instrumental in conducting comprehensive financial analysis, assessing credit risk, and preparing detailed credit proposals for commercial and corporate lending activities. This is an exceptional opportunity to apply your expertise in a fast-paced environment, contributing directly to our strategic objectives and the financial success of our clients.
As a Credit Analyst, you will delve deep into financial statements, market conditions, and industry trends to evaluate creditworthiness and identify potential risks. Your insights will directly inform critical lending decisions and help maintain the health of our loan portfolio. The ideal candidate will possess a strong understanding of accounting principles, financial modeling, credit adjudication, and risk management practices, coupled with excellent communication skills to articulate complex findings clearly and concisely to various stakeholders. You will collaborate closely with relationship managers, risk management specialists, and legal teams, ensuring thorough due diligence, adherence to Scotiabank’s rigorous credit policies, and compliance with all relevant regulatory requirements. This position offers significant exposure to diverse industries and complex financial structures, providing a solid foundation for continuous professional growth and development within our esteemed institution.
Key Responsibilities
- Conduct thorough financial analysis of existing and prospective clients, including reviewing financial statements, cash flow projections, and business plans.
- Prepare comprehensive credit proposals and recommendations, outlining risk assessments, mitigants, and appropriate credit structures.
- Monitor credit portfolios for compliance with terms, conditions, and early warning signals of deteriorating credit quality.
- Collaborate with Relationship Managers to understand client needs and structure appropriate credit solutions.
- Ensure adherence to Scotiabank’s credit policies, procedures, and regulatory requirements.
- Participate in client meetings and due diligence visits as required, particularly for larger or more complex transactions.
- Stay abreast of industry trends, economic conditions, and regulatory changes affecting credit risk management.
Required Skills
- Bachelor's degree in Finance, Accounting, Business Administration, or a related field.
- Minimum of 2 years of experience in credit analysis, risk management, or corporate banking.
- Strong understanding of financial statement analysis, accounting principles, and financial modeling.
- Proficiency in Microsoft Excel and financial analysis software.
- Excellent written and verbal communication skills, with the ability to present complex information clearly.
- Demonstrated ability to work independently and as part of a team in a fast-paced environment.
- Strong analytical, problem-solving, and decision-making abilities.
Preferred Qualifications
- Master's degree or professional designation (e.g., CFA, CPA).
- Experience with commercial real estate lending or specialized industry sectors.
- Familiarity with credit adjudication systems and large financial databases.
- Knowledge of local and international banking regulations.
- Experience working with a diverse client base.
Perks & Benefits
- Competitive salary and performance-based bonuses.
- Comprehensive health, dental, and vision insurance plans.
- Generous paid time off, including vacation, sick leave, and holidays.
- Retirement savings plan (401k) with company matching.
- Opportunities for professional development, training, and career advancement.
- Employee wellness programs and resources.
- Tuition reimbursement for approved courses and certifications.
- Employee assistance program (EAP).
How to Apply
Interested candidates are encouraged to apply by clicking on the application link below. Please submit your resume and a cover letter detailing your qualifications and experience relevant to this role. We thank all applicants for their interest, however, only those selected for an interview will be contacted.