Director, Commercial Real Estate Finance Risk

About the role

The position is responsible for managing U.S. Commercial Real Estate Finance (CREF) credit risk across non-recourse mortgage lending, warehouse finance, and related distribution-eligible CRE exposures. The role oversees credit risk across the CREF platform, covering non-recourse commercial real estate mortgage lending, warehouse finance, and related loan distribution activity, including CMBS.

Responsibilities

• Provide senior credit risk leadership for the U.S. CREF platform.
• Develop and maintain credit risk frameworks, including underwriting standards and lending parameters.
• Assess proposed CREF transactions and portfolio risks.
• Present CREF credit risk matters to relevant credit and risk committees as required based on adjudication levels.
• Support engagement with U.S. regulators.

Requirements

• Extensive experience in commercial real estate credit risk.
• Knowledge of CRE loan distribution and securitization concepts, including CMBS.
• Understanding of CRE warehouse finance and loan-on-loan structures.
• Knowledge of U.S. regulatory expectations.
• Comfort presenting credit matters to senior management.

Qualifications

• 8–10 years of progressively senior credit risk experience.
• Bachelor’s degree in a related discipline required.

Skills

• Strong analytical and problem-solving skills.
• Excellent communication and presentation skills.
• Ability to work collaboratively with cross-functional teams.

Benefits

Scotiabank offers a comprehensive benefits package that includes:

• Flexible working arrangements.
• Health and wellness programs.
• Retirement savings plans.
• Employee resource groups.

Pay

The salary range for this role is $185,400.00 - $310,600.00 per year, which may vary based on factors such as relevant knowledge, skills, and experience.

Schedule

Full-time position.