Senior Manager, Credit Policy Governance, RESL

Scotiabank; Toronto; On-site; CAD 100,000 - 125,000; Full time

Job summary

A leading bank in the Americas is seeking a Senior Manager, Credit Policy Governance, in Toronto. This role focuses on aligning Real Estate Secured Lending policies with regulatory standards and requires over 5 years of experience in financial services. Ideal candidates will have expert knowledge of the mortgage credit process and strong stakeholder management skills, with a structured approach to maintaining compliance across lending practices.

Benefits

Flexible benefit programs

Focus on holistic well-being

Qualifications

• 5+ years of financial services experience.
• Expert knowledge of underwriting process and lending policies.
• Knowledge of regulatory requirements related to mortgage origination.

Responsibilities

• Oversee the first-line implementation of RMUP.
• Champion enhancements to the credit policy control environment.
• Lead the development of action plans for credit policy deficiencies.

Skills

Expert knowledge of mortgage credit

Strong communication skills

Strong financial acumen

Stakeholder management skills

Education

University Degree

Tools

MIMS

TLS

DRE

MAPS

ScotiaHOME

eHOME

Job description

Requisition ID: 237669
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

Postion Title: Senior Manager, Credit Policy Governance, Real Estate and Lending

Purpose

The Senior Manager RESL Credit Policy Governance is responsible for ensuring the alignment of Real Estate Secured Lending policies and procedures with the Residential Mortgage Underwriting Policy (RMUP) and associated regulatory requirements. This role is a subject matter expert in credit and plays an integral part in the first-line credit policy governance process.

What You’ll Do

• Oversee the first-line implementation of the RMUP and ensure its alignment with Guideline B-20. Lead the annual process for first-line attestation to Guideline B-20.
• Champion enhancements to the credit policy control environment across the first-line and lead the implementation of regulatory-driven policy changes affecting the mortgage underwriting process.
• The incumbent will be the business-line point of contact for credit policy testing, associated investigations and remediation plans. Sources of these testing activities include the Mortgage Account Governance Structure, Policy Adherence and Effectiveness, and 1B B-20 Control Testing.
• Point of contact for the Real Estate Secured Lending business line in support of default insurer mortgage file reviews.
• Lead the development and implementation of action plans to address any credit policy deficiencies identified in testing activities.
• Provide guidance and support to the first-line Real Estate Secured Lending team on interpreting and applying credit risk policies.
• Uphold strong governance and risk culture through active oversight of policy, controls, and regulatory frameworks.
• Understand how the Bank's risk appetite and risk culture should be considered in day-to-day activities and decisions.

What You’ll Bring

• University Degree and 5+ years of financial services experience
• Expert knowledge of mortgage credit, the underwriting process, and lending policies
• Expert knowledge of the Scotiabank mortgage process across all origination and servicing channels
• Expert knowledge of OSFI regulation B-20 and its application to mortgage origination activities
• Strong communication and stakeholder management skills
• Strong financial acumen with a full understanding of the P&L drivers of the mortgage business
• Knowledge of Scotiabank's mortgage technology platforms that support application, adjudication, accounting, and servicing activities. The incumbent should understand the purpose and high-level work flows and limitations of MIMS, TLS, DRE, MAPS, ScotiaHOME, eHOME

Working Conditions

• Work in a standard office-based environment; non-standard hours are a common occurrence.
• In office, on-site 4+ days per week.

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.

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 visit our Recruitment team. 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.