Analyst (Associate) Technology and Innovation Banking – Roynat

Job title: Analyst (Associate) Technology and Innovation Banking – Roynat

Job description: Requisition ID: 107051

Roynat Capital, a wholly owned subsidiary of Scotiabank, is a national lender and investor with expertise in providing innovative long-term capital solutions for mid-sized companies utilizing senior term, subordinated debt, as well as mezzanine capital and common share equity. We provide tailored solutions to clients for acquisitions, business expansions, wealth monetization, and working capital enhancement. With a national presence in Canada in major markets, Roynat assists growth-oriented companies in reaching their goals across a wide range of industries.

Analyst (Associate), Technology and Innovation Banking – Roynat

Unique to the Technology and Innovation Banking (TIB) team is not only the ability to offer creative term financing, but also full-service commercial banking products including revolving facilities and other day to day banking solutions.

Purpose

Reporting to the Director and Associate Director the Analyst (Associate) Contributes to the overall success of the TIB team, 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 Analyst (Associate) is responsible for providing ongoing support in the form of general account administration, compliance activities, financial modeling, market research, and assistance with due diligence and investment summaries.

Accountabilities:

• Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
• Acts as the Industry Specialist in Technology and Innovation segments, providing guidance or assistance to regions that lack TIB specialization.
• Ensure business target objectives are achieved by:

• developing and maintaining a regular sales call program on customers to ensure effective management, retention, and expansion of each customer relationship;
• identifying, researching and calling on prospects to establish full banking relationships and building a comprehensive data base file for each prospect using internal bank systems;
• maintaining a current and thorough knowledge of the commercial bank’s product offerings to effectively promote tailored presentation packages to meet specific customer needs.
• staying abreast with industry trends and maintaining a deep understanding of the inherent needs, challenges, and opportunities unique to companies operating in the various technology and innovation segments

• Manage and control an assigned loan portfolio to ensure it is at an acceptable level of risk and generates an appropriate return by:

• researching, verifying and analyzing credit applications and preparing comprehensive credit applications of large and complex transactions meeting the guidelines set out in the monograph Term Finance, Leasing manuals, and TIB job-aids, exercising sound credit judgment based on thorough investigations and analyses;
• monitoring all assigned accounts to ensure conformity to terms and conditions, as stipulated in credit authorizations with timely financial statement reviews and screen interim statements for potential business opportunities. Applying diligence to collecting on overdue accounts as reported on the monthly Late Payment Report. Promptly identifying deteriorating credit quality, participating as necessary in the resolution of problem loan situations.
• maintaining a solid client relationship on assigned client base, keeping an awareness of the affairs of customers, ensuring administration of the accounts is timely (reviews) and a comprehensive database of activities is maintained.

• Contribute to District Office productivity and service by:

• ensuring District Office reports and correspondence are completed accurately and promptly;
• participating in coaching new staff including assigned Trainees on credit administration or products, if necessary;
• completing any other duties as assigned from time to time by the Associate Director and Group Lead/Director and National Lead, TIB

• 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, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational risk, regulatory compliance risk, AML/ATF risk and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook and the Guidelines for Business Conduct.

• Champions a high-performance environment and implements a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment; communicating vison/values/business strategy and managing succession and development planning for the team.

Education / Experience / Other Information:

• Undergraduate degree in Business, Economics, Technology, Sciences, or related work experience
• In progress professional designation (i.e., CPA, CFA, or CVB, etc.) or MBA is considered an asset
• 1-2 years of commercial banking experience
• Understanding of financial analysis and risk analysis techniques
• Advanced proficiency with MS Office Suite – Word, Excel, and PowerPoint
• Knowledge and understanding of the Technology and Innovation industry segments, the Technology and Innovation business banking marketplace in Canada, and knowledge of the assigned market area’s key prospects, major companies, and competitive positioning within the assigned market area
• Passion in working with entrepreneurs in the tech space
• The ability to implement a comprehensive marketing program to maximize the potential of an assigned territory.
• Strong interpersonal skills and communication skills (written and oral) that enable the incumbent to effectively articulate views both internally and externally
• Strong sales, closing, and negotiation skills
• Strong knowledge of relationship building and teamwork skills
• A high level of energy, commitment and strong sense of teamwork are needed to be successful in the role
• A high degree of flexibility is required to adapt to a wide variety of tasks & functions with changing priorities and demands.

Location(s): Canada : Ontario : Toronto

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. Candidates selected for an interview will be contacted directly. If you require accommodation during the recruitment and selection process, please let us know. We will work with you to provide as seamless a recruitment experience as possible.

Company: Scotiabank

Expected salary:

Location: Toronto, ON

Job date: Thu, 10 Jun 2021 22:41:43 GMT