Scotiabank

Director, International Provisions

Scotiabank • $120K — $150K *
Toronto, ON M3C 0E3In-Person
Finance & Insurance
5 - 7 years of experience
2 weeks ago
Job Overview by Ladders

Qualifications

  • 5+ years of experience in credit risk management, provisioning, or finance
  • 3+ years of people management experience, demonstrating team development skills
  • Strong quantitative skills for interpreting risk models and data
  • Excellent communication skills for executive reporting
  • Attention to detail and ability to manage multiple priorities
  • Proficiency in Spanish is a plus
  • University degree in a quantitative field; CFA or equivalent preferred

Responsibilities

  • Lead the determination of Provision for Credit Losses for international portfolios
  • Prepare presentations for senior executive forums on provisioning trends
  • Conduct forecasting and provision planning activities for risk targets
  • Build strong relationships with key stakeholders to assess portfolio performance
  • Ensure compliance with regulatory and audit requirements
  • Support due diligence for new acquisitions and risk assessments
  • Develop sensitivity analyses for evaluating PCL impacts

Benefits

  • Inclusive working environment promoting creativity and curiosity
  • Competitive rewards package with performance bonus and share ownership
  • Career development and progression opportunities
  • Health benefits starting from day one
  • Pension plan matching program
Full Job Description
Requisition ID: 265151

The Director, International Provisions, leads the assessment of provisions and allowances for the international lending portfolios, ensuring adequate allowance coverage and compliance with IFRS 9 requirements. The role is accountable for monthly and quarterly provisioning activities, executive reporting, portfolio analysis, forecasting, and the effective management of key controls supporting the Bank's credit risk and financial reporting processes.

Is this role right for you? In this role, you will:
  • Lead the monthly and quarterly determination of Provision for Credit Losses (PCL) for international portfolios, including analysis of allowance adequacy and identification of any required management overlay adjustments.
  • Prepare senior executive presentations and commentary for the Senior Credit Committee and other executive, regulatory, and investor reporting forums, with clear analysis of provisioning trends, key drivers, and variances against prior quarters, plan, and forecast.
  • Lead forecasting and annual provision planning activities to establish targets for key risk metrics, including PCL and net write-offs.
  • Build and maintain strong relationships with partners across Modelling, Risk Product teams, Collections, Finance, Audit, and other key stakeholder groups to support a comprehensive view of portfolio performance and emerging credit risk trends.
  • Ensure provisioning processes comply with internal, external, regulatory, and SOX audit requirements, including timely support for audit reviews, testing, and remediation activities.
  • Support due diligence and risk assessment activities for new acquisitions, portfolio purchases, mergers, and related initiatives, ensuring portfolios under consideration align with Scotiabank's risk appetite and can be effectively integrated into Bank processes.
  • Assess alternative scenarios and develop sensitivity analyses to evaluate potential PCL impacts, including the effects of credit quality, growth, portfolio mix, macroeconomic conditions, and product-specific performance.
  • Build a high-performance team by providing leadership, coaching, performance management, and development support to direct reports.


Do you have the skills that will enable you to succeed in this role? - We'd love to work with you if you have:
  • Strong knowledge of credit risk management across the credit life cycle, including provisioning, allowance assessment, forecasting, portfolio monitoring, and credit performance analysis.
  • Strong quantitative, mathematical, or statistical skills, with the ability to interpret credit risk models, portfolio trends, and provisioning methodologies.
  • Excellent written and verbal communication skills, with the ability to prepare executive-ready materials and explain complex risk and financial information to senior stakeholders.
  • High level of integrity, accuracy, attention to detail, and sound judgment, with the ability to manage multiple priorities and deliver high-quality outputs within tight timelines.
  • Minimum of 5 years of experience in retail or commercial banking, credit risk, provisioning, finance, or a related risk management function.
  • Minimum of 3 years of people management experience, with demonstrated ability to coach, develop, and motivate team members.
  • Strong prioritization, planning, analytical, presentation, project management, stakeholder management, and relationship-building skills
  • Proficiency in Spanish is considered an asset.
  • University degree in a quantitative discipline such as mathematics, statistics, economics, business, finance, or a related field.
  • Professional designation, such as CFA, FRM, CPA, or an equivalent financial designation, is preferred.


What's in it for you?
  • An inclusive & collaborative working environment that encourages creativity, curiosity, and celebrates success!
  • We offer a competitive rewards package: Performance bonus, Employee Share Ownership Program, and Pension Plan Matching, Health Benefits from day one!
  • Your career matters! You will have access to career development and progression opportunities.


Location(s): Canada : Ontario : Toronto

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.

About Scotiabank

Scotiabankers are committed to helping individuals, companies, and communities to thrive in a changing world. From personal and business banking, brokerage, and insurance, to private wealth, and the most sophisticated commercial, corporate and institutional services, they serve the diverse needs of some 21 million customers in more than 55 countries. Founded in 1832 in Halifax, Nova Scotia, their growth has always been fuelled by the success of their customers and their longevity secured by an unshakable commitment to carefully and expertly managing risk and capital. That focus on doing what's right for customers—short- andlong-term—has made us a global financial services leader. Headquartered in Canada, they are over 86, 000 Scotiabankers strong. Each of us are committed to being the best at understanding their customers' needs and all of us working together to deliver practical advice and relevant solutions that help their customers become financially better off.

Scotiabank Careers

Join Scotiabank, a premier financial institution, and become part of a diverse and inclusive team that’s leading the way in global banking. At Scotiabank, we offer more than just job opportunities; we provide a platform for professional growth and innovation in the financial services industry.

Work You’ll Do

At Scotiabank, we’re not just filling positions; we’re cultivating leaders. Dive into a workplace where diversity training and leadership development shape the path to your future. Our commitment to professional growth is evident in our robust training programs and continuous learning opportunities that foster innovation and strategic thinking.

Explore a World of Opportunities

Whether you’re looking for a full-time position, an internship, or a leadership role, Scotiabank has a spectrum of opportunities to fit your career ambitions. Our team is composed of individuals who bring a wealth of skills and perspectives to our company, driving us forward with their creativity and strategic insights.

Innovative Work Environment

Scotiabank’s culture is one of collaboration and respect, where each team member’s contribution is valued. Engage in meaningful work that challenges you to leverage your skills and push the boundaries of what’s possible in the banking sector. Our innovative projects not only support the growth of the company but also ensure our position as a leader in the industry.

Benefits and Growth

Choosing a career at Scotiabank means opting for a life of growth and opportunity. Our employees enjoy competitive benefits, including comprehensive health coverage, retirement plans, and flexible working conditions, all designed to support your career and personal life. We believe in nurturing our team’s potential by providing them with the tools they need to succeed both professionally and personally.

Join Our Team

Ready to take the next step in your career? Explore the job opportunities at Scotiabank by searching our open positions that match your skills and interests. We are continuously hiring and looking for passionate, curious, and solution-driven team players.

Networking and Professional Development

Stay connected and advance your career through Scotiabank’s extensive networking opportunities. Participate in events that connect you with other professionals and leaders within the industry. Our career resources will help you prepare your resume, ace your interviews, and land the job that best suits your career goals.

Stay Ahead

Keep up to date with the latest in career tips, industry insights, and company news—all from the people who work here at Scotiabank. Personalize your experience by subscribing to job alert emails tailored to your preferences and be the first to know about new openings and exciting developments. Join Scotiabank and be part of a team that values integrity, respect, and accountability. Discover how your career can flourish in an environment committed to your professional development and personal growth.
Learn more about Scotiabank
Size
90,619 employees
Market Cap
$57.5 billion
Industry
Finance & Insurance
5 Year Trend
+7%
NASDAQ
BNS
* Ladders Estimates

Similar Jobs

Ad banner background

Get Ready For Your
Next Interview

More Jobs at Scotiabank

More Finance & Insurance Jobs

Find similar Director, International Provisions jobs:

NationwideToronto, ON