Director, Head of Underwriting and Portfolio Management

Requisition : 268898

Salary Range:  -

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.

Global Banking and Markets (GBM) is a leading Capital Markets and Investment Banking platform with a competitive presence across the Americas, operating globally over 100 years. Scotiabank’s strong US presence provides our clients an important bridge to this key global market for trade and investment flows across the Americas and the world.

Global Banking & Markets provides a full range of investment banking, credit and risk management products and services relevant to the financing and strategic development needs of our clients. Our products include debt and equity financing, mergers & acquisitions, corporate banking, institutional equity sales, trading and research, fixed income products, derivatives, energy, foreign exchange and precious metals. We also cross-sell the full range of wholesale products and services offered by the Scotiabank Group including transaction banking and trade finance solutions.

Be part of an innovative Global Capital Markets and Investment Banking business with a unique geographic footprint that puts capital to work for our clients across industries! We work together to drive ambition to every future!

The Director, Head of Underwriting and Portfolio Management, is a senior leadership role within the Commercial Real Estate Finance (CREF) platform, responsible for the oversight of underwriting, structuring and portfolio management of CRE loans across Scotiabank’s balance sheet and CMBS lending platforms. The position will work closely with Originations, Capital Markets, Credit Risk Management, Loan Transaction Management, Securitization, Legal, and other internal stakeholders to deliver financing solutions while ensuring adherence to the Bank’s risk appetite, policies, and regulatory requirements.

The successful candidate will bring deep expertise in commercial real estate credit, structured finance, and CMBS markets and have a genuine excitement about playing a meaningful and strategic role in the continued growth and success of Scotiabank’s CREF platform.

• Lead the underwriting and structuring process for commercial real estate transactions across a broad range of property types and markets throughout the United States and select North American markets, providing expert judgment on credit risk factors and structuring recommendations.
• Conduct thorough credit risk assessments, including the evaluation of borrower creditworthiness, property value, cash flow projections, business plans, and market conditions.
• Oversee due diligence efforts, including appraisal, engineering, environmental, insurance, legal, and market reviews, both internally and with third-party vendor support relationships.
• Enforce credit risk policies and procedures specific to commercial real estate, ensuring alignment with regulatory requirements and best practices.
• Work closely with Originations, Capital Markets, Credit Risk Management, Transaction Management, Securitization, Legal and senior management to ensure that credit and execution considerations are appropriately incorporated into business decisions.
• Monitor commercial real estate market trends, economic conditions, capital market activity, and property performance to identify risks and opportunities across the portfolio.
• Oversee portfolio monitoring and asset surveillance activities, including the identification and escalation of emerging risks, portfolio trends, and concentration exposures.
• Oversee and manage a portfolio of commercial real estate loans, ensuring that risk exposure remains consistent with approved risk appetite and portfolio objectives.
• Monitor active pipeline activity, closing forecasts, and transaction metrics to support business planning, resource allocation, and production goals.
• Mentor,…