Requisition ID : 202522

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

Purpose

Validation Officer contributes to the overall success of the Dealer Finance Centre (DFC) in Canada 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 Validation Officer is responsible for completing verification and validation of information contained in approved indirect loan / lease agreement and related supporting documents prior to release of funds to automotive dealership.

Accountabilities

Perform all verification activities related to approved Indirect Loans and Leases received for funding  by

• Completing the Contract Message Screen with making the necessary changes and accepting the details as per the documents provided
• Verifying loan and lease documentation to Contract Message to ensure that all documents are included in the funding package from the dealer (application, Bill of Sale, pay stubs or other proof of income, insurance documents etc)
• Attaching the documents on the Validation Screen to each tab as required and adding additional documents if necessary. ( Example : Proof or Residency / Alternate Payor Form / Proof of Downpayment)
• Ensuring that any required Lending documents are sent to Lending to review prior to validating and funding the deal as per stip. ( Example : Proof of income / Corporate Search )
• Verifying vehicle insurance coverage and residence as required by the Indirect Retail Lending Policy Bulletin
• Verifying the validity and accuracy of Retail Credit Agreement or Retail Lease Agreement in all respects including verifying the collateral description in documents back to the Bill of Sale

Ensure all lease documents are within Bank guidelines and meet the Bank’s contractual obligations to the Residual Value Insurer including

Resolve all identified discrepancies by

Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.by

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 by

Pursuant to a language needs assessment conducted by Scotiabank, the successful candidate will be required to be able to communicate in English & French because they will serve English-speaking clientele.