Commercial Banking Officer at Scotiabank, Markham, Ontario

Company Overview: Scotiabank, one of Canada's leading financial institutions, is renowned for its commitment to helping customers achieve their financial goals and supporting communities through various initiatives. With a rich history spanning over 185 years, Scotiabank offers a wide range of banking and financial services to individuals, businesses, and institutions across Canada and internationally. Key Responsibilities for Commercial Banking Officer: - Develop and manage a portfolio of commercial banking clients, providing tailored financial solutions and advice - Analyze clients' financial statements, credit reports, and industry trends to assess creditworthiness and identify potential risks - Structure credit facilities, negotiate terms, and prepare credit proposals in line with Scotiabank's policies and regulatory requirements - Collaborate with internal stakeholders such as underwriters, legal, and risk management teams to ensure seamless client onboarding and ongoing account management - Actively monitor clients' financial performance and industry developments to proactively address any emerging issues and opportunities - Cultivate strong relationships with clients to deepen their loyalty and enhance Scotiabank's market presence Required Qualifications: - Bachelor's degree in Business, Finance, or related field - Minimum 3-5 years of experience in commercial banking or related financial services role - Strong knowledge of financial analysis, credit assessment, and lending principles - Proficiency in interpreting financial statements, cash flow analysis, and risk evaluation - Excellent communication, negotiation, and relationship management skills - Sound understanding of regulatory requirements and industry standards in the Canadian banking sector Desired Skills: - Professional designation such as CFA, CPA, or CBV - Experience with commercial lending software and CRM tools - Ability to speak multiple languages to cater to diverse client needs - Proven track record of growing and retaining a commercial banking portfolio - Strong business acumen and strategic thinking abilities Compensation & Benefits: The annual salary range for the Commercial Banking Officer position at Scotiabank in Markham, Ontario, Canada is between $70,000 to $90,000 CAD, commensurate with experience and qualifications. In addition to competitive compensation, Scotiabank offers a comprehensive benefits package that includes health and dental coverage, retirement savings plans, employee discounts, and professional development opportunities. How to Apply: To apply for the Commercial Banking Officer role at Scotiabank in Markham, Ontario, please visit our careers page on the Scotiabank website and submit your application online. Be sure to include a detailed resume outlining your relevant experience and qualifications. We thank all applicants for their interest in joining Scotiabank; however, only those selected for an interview will be contacted.