Phil Thomas

Group Head & Chief Risk Officer, Scotiabank

Professional Overview
Phil Thomas is an accomplished senior executive with extensive experience in the banking and financial services industry. As the Group Head & Chief Risk Officer at Scotiabank, he is responsible for leading the bank's risk management strategy and ensuring the organization's long-term stability and growth.

Experience Summary

Current Role
In his current role as Group Head & Chief Risk Officer at Scotiabank, Phil is responsible for overseeing the bank's enterprise-wide risk management framework. He provides strategic direction and guidance to ensure that Scotiabank's risk profile aligns with its overall business objectives. Under his leadership, the bank has successfully navigated complex regulatory environments and maintained a strong risk management posture.

Career Progression
Prior to his current position, Phil held several senior leadership roles within Scotiabank. He served as the Executive Vice President of Customer Insights, Data & Analytics, where he leveraged data-driven insights to enhance the bank's customer experience and operational efficiency. Earlier in his career, Phil held the role of Executive Vice President & Chief Retail Risk Officer, where he was instrumental in strengthening the bank's risk management practices in the retail banking segment.

Phil's diverse background also includes international experience, having served as a Director on the Board of Scotiabank Trinidad & Tobago Ltd. and held leadership positions in the bank's International Banking division.

Academic Background
Phil holds a Bachelor's degree in Business Administration from the University of Toronto, where he graduated with distinction.

Areas of Expertise

• Enterprise Risk Management

• Regulatory Compliance

• Data Analytics and Customer Insights

• Retail Banking Operations

• International Banking

Professional Impact
Under Phil's leadership, Scotiabank has consistently maintained a strong risk profile, enabling the organization to navigate challenging market conditions and capitalize on growth opportunities. His strategic vision and data-driven approach have been key in enhancing the bank's operational efficiency and customer-centric initiatives.

Conclusion
With his extensive experience in the banking industry and proven track record of driving successful risk management strategies, Phil Thomas is a respected leader who continues to make a significant impact on Scotiabank's long-term sustainability and growth.