Requisition ID: 213694
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

Purpose

The Loan Operations Analyst plays a crucial role in managing and administering complex corporate syndicated loans and letters of credit for our Toronto-based operations. This position supports both scenarios where our Bank serves as the lead Agent Bank for syndicate lenders and manages bilateral financing arrangements with customers.

Is this role right for you? In this role, you will:

• Process and manage complex loan transactions through LoanIQ and other relevant platforms, ensuring accuracy and compliance with established procedures.
• Execute comprehensive loan servicing activities including disbursements, interest calculations, fee processing, rollovers, and maintenance of detailed loan documentation.
• Perform daily reconciliations of syndicated loan portfolios, identifying and resolving discrepancies with Agent banks promptly.
• Monitor and process instructions from Agent banks for participation portfolios across the Americas and UK regions.
• Review and analyze LoanIQ reports to identify exceptions to policies and procedures, escalating issues to management when necessary.
• Drive continuous improvement initiatives within the department while maintaining high standards of risk management and compliance.
• Build and maintain strong relationships with clients, internal stakeholders, and syndicate partners to ensure smooth loan operations.
• Contribute to team success through knowledge sharing and collaboration with colleagues.
  

Do you have the skills that will enable you to succeed in this role? – We'd love to work with you if you have:

• Bachelor's degree in Finance, Business Administration, or certification in loan documentation preferred
• Experience in corporate loan operations or syndicated loan administration
• Strong understanding of syndicated loan products, documentation, and market practices
• Knowledge of LoanIQ and loan booking systems
• Experience with risk management and regulatory compliance in banking operations
• Advanced Excel skills and proficiency in other MS Office applications
  

Work Arrangement: This position is currently a Hybrid role and work may include Canadian or US or UK statutory holidays. Please note that this is subject to change based on the needs of the business.

Interested?

At Scotiabank, every employee is empowered to reach their fullest potential, respected for who they are and, embraced for their differences. That is why we work to grow and diversify talent and engage employees in a performance-oriented culture.

What's in it for you?

Scotiabank wants you to be able to bring your best self to work – and life, every day. With a focus on holistic well-being, our many flexible benefit programs are designed to help support your unique family, financial, physical, mental, and social health needs.

Location(s): Canada : Ontario : Toronto
Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.
At Scotiabank, 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. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. If you require technical assistance, please click here. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.