Title:  Director, Commercial Real Estate Finance Risk

Requisition ID: 259511

 Salary Range: 185,400.00 - 310,600.00 

Please note that the Salary Range shown is a guideline only. Salary offered may vary based on factors, including, but not limited to, the successful candidate’s relevant knowledge, skills, and experience.

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

Purpose

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.

What You’ll Do 

• 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.

What You’ll Bring 

• 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.
• Bachelor’s degree in a related discipline required.

Interested? 

If your experience is closely related but doesn’t align perfectly with every qualification, we do encourage you to apply - you might be the right candidate for this or other roles at Scotiabank! 

At Scotiabank, every employee is empowered to reach their fullest potential, respected for who they are and, embraced for their differences. That’s 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. 

#GBM #GBMRiskManagement

Location(s):  United States : New York : New York City

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.

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.