Senior Manager, Credit Policy Governance, RESL
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Job Location:
Monthly Salary:
Posted on:
08-10-2025
Vacancies:
1 Vacancy
Job Summary
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 Youll 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.
Understands how the Banks risk appetite and risk culture should be considered in day-to-day activities and decisions.
What Youll 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 Scotiabanks 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 doesnt 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. Thats why we work to grow and diversify talent and engage employees in a performance-oriented culture.
Whats 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 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.
Required Experience:
Senior Manager
Key Skills
- Legal Drafting
- Communication skills
- Computer Operation
- Business Management
- Pricing
- Research Experience
- Information Security
- Project Management
- Administrative Experience
- Public Speaking
- Data Analysis Skills
- Writing Skills
About Company
Scotiabank is one of the leading foreign banks serving large national and multinational corporations in the U.S. through its Global Banking and Markets, Global Transaction Banking and Wealth Management business lines.
