Intermediate Banking Business Analyst with Credit Agreements/LoanIQ experience - BNSJP00033661

Business Analyst

Location Address: 3 days in Office (Monday/Wednesday and Thursday)

Contract Duration: 1 year

Story Behind the Need

Business group: The Lending Services team supports the bank’s UK trading interactions. The Lending Services team works closely with front office traders to process loans/credits and works alongside internal Scotia teams to complete the transaction processing.

The Project: The successful candidate will be a part of the Corporate Credit Services (CCS) team, which is responsible for servicing the Bank’s Corporate Banking clients. Deal structures that CCS is responsible for include Agent deals, Bilateral deals, and Participation deals. The team services the Bank’s clients in Canada, the US, the UK, and Latin America. The team ensures client’s drawdown requests are executed in a timely manner and accurately, as well as ensuring that invoicing and settlement activities are also completed on a timely and accurate manner.

The successful candidate will be work as part of the Benchmark Rate Reform (BRR) program and will contribute to the overall success of the Benchmark Rate Reform (“BRR”) project for GWO Corporate Credit Services group. The analyst will, ensure project plans and initiatives are executed / delivered in support of the team’s business strategies and objectives. The incumbent will be responsible for supporting the Senior Manager & Director, to manage impacted business lines within CCS, along with service partners in Corporate & Investment Banking (CIB), Global Operations, Global Risk Management, Compliance, and Legal to deliver a smooth transition for project implementation.

Candidate Value Proposition: The successful candidate will gain experience working on an international initiative with a team that encourages continued learning and support.

Typical Day in the Role:

• Works in collaboration with multiple stakeholders across the organization to ensure GWO CCS project requirements are prioritized and successfully implemented.

• Support in solution development, business analysis, documentation, training, extensive, system and user acceptance testing, and implementation to production on loan system

• Review and validate client contracts (i.e., Credit Agreements, Commitment Letters, Banking Agreements) to verify “fallback and implementation” language related to replacement rates for BRR and ensure accuracy of associated loan data (training will be provided).

• Maintains tracking documents related to client contract remediation (i.e., loan contract tracing, pulling data from specialty systems, and client communication lists) to ensure delivery of timely reporting and adherence to project timelines.

• Accurately and concisely capture operational changes in flow diagrams and process descriptions into standard operating procedures.

• Establish and update training and reference material and workflow charts.

• Maintain presentation and dashboarding materials to inform the line of business and enterprise program office as to the overall status of project activities.

• The incumbent is expected to independently manage their own time and resolve or escalate any issues promptly.

• Additional accountabilities as required.

• Lead and drive a culture of ongoing process improvements through team collaboration, innovation, and transformation.

• Create an environment in which the team pursues effective and efficient operations in the respective areas, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to various risk.

• Actively pursue effective and efficient operations of his/her respective areas in accordance with Scotiabank’s Values, and its Code of Conduct, 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.

Must Have Skills:

• 5-7 years of experience as Business Analyst

• Prior experience with Credit Agreements

• Prior Experience with LoanIQ

• Hands on experience with servicing corporate loans operations

• Solid working knowledge with MS Suite - Excel, Word, Power Point etc.,

Nice to Have Skills

• Prior Banking Experience

Best vs Average: The best candidate would have prior loan operation and credit agreement experience. They would also have strong communication skills and troubleshooting abilities.

Education:

• Completed Post-Secondary Education