Title:  Director & Head, Caribbean Retail Risk

Requisition ID: 222163

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

The Director & Head, Caribbean Retail Risk provides visionary leadership and strategic direction for Retail Credit Risk in the Caribbean, ensuring alignment with business strategies, regulatory compliance, and internal policies. This role is pivotal in driving sustainable growth, optimizing credit decisions, and fostering a customer-centric culture across the region.

This role can be based in Toronto, Canada, or the Dominican Republic, and requires extensive travel mobility.

Is this role right for you? In this role, you will:

• Lead and drive a customer focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
• Be responsible for the development and execution of Credit Policies and Strategies, Adjudication Processes, Portfolio Oversight & Management, including the implementation of Originations and Behaviour Scoring to optimize credit decisions across the life cycle. 
• Lead the Loan Adjudication Centres (LACs) for Retail Lending and Loan Underwriting Centres (LUCs) for Small Business, achieving consistent alignment between policies and operations, as well as improved efficiency.
• Be responsible for Regulatory Compliance, Business Intelligence & Decision Support initiatives, and M&A activities designed to augment and support retail assets and credit risk across the region. 
• Keep the risk appetite within limits, ensuring collections operations execute on risk collection strategies.
• Direct day-to-day activities in a manner consistent with the Bank’s risk culture and the relevant risk appetite statement and limits.  
• Communicate the Bank’s risk culture and risk appetite statement throughout their teams.
• Create an environment in which the team 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.
• Build a high performance environment and implements a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment; communicating vison/values/business strategy and managing succession and development planning for the team.

Do you have the skills that will enable you to succeed? We’d love to work with you if you have:

• A degree in business, economics, actuarial science or related discipline
• 10+ years’ progressive experience in a financial institution, recognized for their retail risk expertise
• English and Spanish fluency

What’s in it for you?

• An inclusive & collaborative working environment that encourages creativity, curiosity, and celebrates success!
• We offer a competitive rewards package: Performance bonus, Employee Share Ownership Program, and Pension Plan Matching, Health Benefits from day one!
• Your career matters! You will have access to career development and progression opportunities.

Location(s):  Canada : Ontario : Toronto || Dominican Republic : Santo Domingo : Santo Domingo East || Dominican Republic : Santo Domingo : Santo Domingo North || Dominican Republic : Santo Domingo : Santo Domingo West 

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.