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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. The successful candidate will ensure that transactions and portfolios within the newly established CREF platform operate within approved credit policy, underwriting standards, risk appetite, and regulatory expectations, while supporting disciplined growth. The position reports to the Head, Commercial Real Estate Finance Risk and works closely with senior CREF business leadership, U.S. Credit Risk Management, and enterprise risk stakeholders.
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.
- 8–10 years of progressively senior credit risk experience.
Location
- New York City, New York, United States
Work Type
- Full-time
Experience Level
- 8-10 years
Education Level
- Bachelor's degree in a related discipline
Salary/Compensations
- $185,400.00 - $310,600.00
Benefits
- Flexible benefit programs designed to help support your unique family, financial, physical, mental, and social health needs.
About the Company
- 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.
Equal Opportunity
- Scotiabank is an equal opportunity employer. We evaluate qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, or any other characteristic protected by federal, state, or local law.