Business Analyst – LoanIQ

Location Address: Toronto (2-3 days in office)
Contract Duration: 6 months to start
Number of Positions: 1
Schedule Hours: 9am-5pm
Reason: Additional support required for this project

Story Behind the Need
• Business group: The GWO - Lending Services team oversees day to day functions of corporate lending services with Scotia’s clientele.


Candidate Value Proposition
•Provides customer focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
• As directed, managing a team deal analyst and assist in the overall deal closing process when the Bank is an agent, direct lender or participant lender.
• Administers instructions by Agents on participations and customers on direct and agented deals including verification of limit availability, accuracy of calculations and disbursement/application of funds.
• Ensuring that terms and conditions of authorizations and/or loan documentation are being adhered to including pricing, term, limits etc.
• Communicating effectively with various contacts including other Banks to resolve issues on a timely basis.
• Recognizing and bringing exceptions to policies and procedures to the attention of Manager/Senior Manager/Director for further guidance and resolution.
• Developing a solid knowledge of loan platform, Loan IQ to ensure accuracy of posting accounting entries to source system and business line dissemination. .
• Assist Manager, Senior Manager and Director in various team-related tasks, resolution of exception items as well as special project-related work
• Oversee and monitor team productivity, staffing and work volume information and report to Manager/Senior Manager on a weekly basis.
• Provide guidance and coaching to immediate team staff.
• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Creates an environment in which his/her team 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.


Candidate Requirements/Must Have Skills:
• 5-7 years’ experience as a BA
• Experienced with Corporate Lending Services
• Recent experience with LoanIQ
• Solid working knowledge with MS Suite – Excel, Word, Power Point etc.,


Nice-To-Have Skills:
• Prior banking experience

Soft Skills:
• Excellent organizational and communication skills (written and verbal)
• Attention to detail and problem solving

Best vs. Average Candidate:
• The ideal candidate would have strong communication and organizational skills with the ability to multitask. Prior experience supporting a multifaceted project in a financial institution.

Degrees or certifications:
• Bachelor's degree or related work experience

Candidate Review & Selection
• 2 Rounds of interviews
1st with a panel of the HM and 2 team members
2nd only if needed to determine best fit and would include the director