Director, (Structured Credit/MBS)

Scotiabank; Toronto; Hybrid; CAD 120,000 - 160,000; Full time

Job summary

A leading financial institution in Toronto is looking for a Director (Structured Credit/MBS) to lead their technology strategy and operations. The successful candidate will be responsible for modernizing trading platforms, managing complex technology programs, and ensuring compliance with regulatory standards. Candidates should have 10+ years of experience in capital markets, strong leadership skills, and a deep understanding of structured credit products. This role promotes an inclusive culture focused on diversity and employee empowerment.

Benefits

Diversity and Inclusion Programs

Accessibility and Workplace Accommodations

Upskilling through online courses

Competitive Rewards program including bonus

Opportunities for community engagement

Qualifications

• Minimum 10+ years of technology and business experience in capital markets, structured credit, or mortgage-backed securities.
• Deep expertise in structured credit products (ABS, MBS, CMBS, TRS, CLOs) and global regulatory environments.
• Proven leadership delivering large-scale technology programs in regulated financial businesses.

Responsibilities

• Define and execute global technology roadmap for Structured Credit platforms.
• Drive modernization of trading and risk platforms.
• Oversee end-to-end delivery of complex technology programs.

Skills

Technology and business experience in capital markets

Expertise in structured credit products

Large-scale technology program delivery

Vendor management and contract negotiation

Leadership in financial businesses

Education

Bachelor’s or Master’s degree in Computer Science

CFA or FRM preferred

Job description

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Title: Director, (Structured Credit/MBS)

Requisition ID: 243448
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

The Team

The Director (Structured Credit/ MBS) is accountable for leading global technology strategy, delivery, and operations supporting the Structured Credit business across multiple product lines, including Commercial Real Estate, Credit Total Return Swaps (TRS), ABS/MBS trading, and other credit trading products. Reporting to the VP & Global Market Systems, this leader will drive strategic planning, execution, and oversight of platforms and operational processes that enable scalable, compliant, and efficient structured credit activities worldwide.

The Role

This role partners closely with trading, risk, finance, and operations to deliver robust solutions for structured credit trading, risk management, and client lifecycle processes. The Director ensures all technology initiatives align with regulatory requirements, internal policies, and risk frameworks while fostering a culture of innovation, accountability, and continuous improvement.

Key responsibilities include global program management for multi-product buildouts, vendor selection and management, operational readiness, and implementation of best-in-class controls for data integrity and risk mitigation. The incumbent will lead multi-disciplinary teams, manage relationships with institutional investors and external partners, and represent the business in senior leadership forums.

Success in this role requires deep expertise in structured credit technology, global regulatory environments, and proven leadership in delivering complex, mission-critical programs. The Director will play a pivotal role in shaping the future of the bank’s structured credit franchise.

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

• Define and execute global technology roadmap for Structured Credit platforms supporting CRE, TRS, ABS/MBS, and related products.
• Drive modernization of trading and risk platforms, ensuring alignment with GBM strategic priorities and regulatory frameworks.
• Oversee end-to-end delivery of complex technology programs, including platform buildouts, integration, and operational readiness for multi-product structured credit businesses.
• Manage vendor relationships and negotiate contracts for mission-critical systems.
• Administer project budgets ($5MM–$10MM), plans, and status reporting; ensure timely delivery of milestones.
• Implement robust controls for data integrity, operational risk, and regulatory compliance across all structured credit products.
• Ensure adherence to internal risk governance and external regulatory standards globally.
• Partner with trading desks, risk, finance, and operations to deliver technology solutions that enable efficient execution and risk management
• Represent Structured Credit in senior leadership forums, regulatory committees, and technology governance councils.
• Build and lead high-performing teams (1–14 people) across multiple geographies; foster a culture of accountability, innovation, and technical excellence.
• Drive talent development, succession planning, and diversity initiatives.

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

• Minimum 10+ years of technology and business experience in capital markets, structured credit, or mortgage-backed securities.
• Deep expertise in structured credit products (ABS, MBS, CMBS, TRS, CLOs) and global regulatory environments.
• Proven leadership delivering large-scale technology programs in regulated financial businesses.
• Experience in vendor management, contract negotiation, and oversight of outsourced and offshore resources.
• Bachelor’s or Master’s degree in Computer Science, Information Systems, or related field; CFA or FRM preferred.

What’s in it for you?

• Diversity, Equity, Inclusion & Allyship – We strive to create an inclusive culture where every employee is empowered to reach their fullest potential, respected for who they are, and embraced through bias‑free practices and inclusive values across Scotiabank. We embrace diversity and provide opportunities for all employee to learn, grow & participate through our various Employee Resource Groups (ERGs) that span across diverse gender identities, ethnicity, race, age, ability & veterans.
• Accessibility and Workplace Accommodations – We value the unique skills and experiences everyone brings to the Bank and are committed to creating and maintaining an inclusive and accessible environment for everyone. Scotiabank continues to locate, remove, and prevent barriers so that we can build a diverse and inclusive environment while meeting accessibility requirements.
• Upskilling through online courses, cross‑functional development opportunities, and tuition assistance.
• Competitive Rewards program including bonus, flexible vacation, personal, sick days and benefits will start on day one.
• Community Engagement – no matter where you choose to work from; we offer opportunities for community engagement & belonging with our various programs such as hackathons, contests, cooking with friends, Humans of Digital and much more!

#LI-Hybrid

Location(s): Canada : Ontario : Toronto
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.