Director, Commercial Real Estate Finance Risk

Scotiabank•New York City, NY

3d•Onsite

About The Position

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.

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.
Bachelor’s degree in a related discipline required.

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.