Purpose

The Vice President, Real Estate – Global Risk Management is a senior leadership role responsible for overseeing the credit risk management of Scotiabank Group’s Real Estate portfolios, totaling approximately $64 billion across Canadian Banking and Global Banking Markets. This executive will drive balanced asset growth, maintain sound portfolio quality, and ensure alignment with the Bank’s risk appetite and regulatory standards.

Accountabilities

• Leads and drives a customer focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems and knowledge

• Credit Adjudication: Serve as a designated Credit Officer, adjudicating credits within assigned limits and providing sound and timely recommendations for transactions within assigned limits to stakeholders, including SVP Credit and senior committees. Analysis to capture suitable structure, conditions, security and commensurate risk-based pricing / return

• Portfolio Management & Oversight: Develop and implement lending policies and strategies, identify market opportunities, and proactively address emerging risks. Maintain portfolio quality through regular monitoring, adherence to regulatory and internal policies, and timely remediation of issues. Alert senior leaders to unsatisfactory trends and recommend corrective actions

• Reporting & Governance: Lead quarterly reporting to executive management and regulators, and present to key committees as needed (Canadian Commercial Senior Credit Committee, Corporate Senior Credit Committee, Portfolio Management Committee)

• Subject Matter Expertise: Provide guidance to other credit units, contribute to new program development, and must be able to articulate viewpoints within Scotiabank to executives and external forums (regulators, auditors, industry associations)

• Directs day-to-day activities in a manner consistent with the Bank’s risk culture and the relevant risk appetite statement and limits. Communicates the Bank’s risk culture and risk appetite statement throughout their teams

• Creates an environment in which their team pursues effective and efficient operations of their respective areas in accordance with Scotiabank’s Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk

• Builds a high performance environment and implements a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment and using a coaching mindset and behaviours; communicating vison/values/business strategy; and, managing succession and development planning for the team

Requirements

Education:

• Graduate University degree in business or economics

Experience:

• Thorough knowledge of the Bank’s lending policies, procedures, and practices

• 10-15 years of relevant work experience

• In-depth understanding of:

  • Real estate businesses (including economic/business/financial trends) and credit risk management
  • Credit risk administration policies/practices and strategies
  • Legislative and marketplace issues relative to credit risk management
  • Loan loss provisioning for individual credits and overall portfolio loss rates

• Must possess project planning, financial management and effective resource management skills combined with superior decision-making skills

• Strong analytical skills and the ability to design and interpret information/data required to monitor the portfolio and credit functions are essential

• The incumbent must have organizational know-how, strong interpersonal skills, and influence to promote acceptance of new credit risk management policies, process, and methodologies and obtain commitment from others to facilitate the achievement of risk management goals and objectives.

• Strong negotiating skills and excellent oral/written communication skills are also essential

• Must be able to articulate their viewpoint/opinions to all levels within Scotiabank, as well as to senior executives.

• The incumbent must be able to represent Scotiabank on risk management issues in a multitude of external venues (e.g., government regulators, banking committees, external auditors, industry associations, credit risk forums/roundtables, etc.)

Working Conditions

• Work in a standard office-based environment; non-standard hours are a common occurrence

• Occasional air travel in Canada