Managing Director and Head
As Managing Director and Head of GBM Risk Management, Clay Ullrich is responsible for ensuring that risk management practices are embedded within the business, and that Global Banking and Markets initiatives, deals and business activities comply with Scotiabank’s risk management framework and tolerances. In 1996, Clay joined the Bank as Assistant General Manager and subsequently became Vice President, Investment Banking Operations Audit. He joined the Bank’s Global Risk Management division in 2000, and became Senior Vice President – Corporate Credit in 2004. In 2009 Clay assumed his current position and remains a member of the Bank’s Senior Credit Committee. Prior to joining Scotiabank, Clay worked for Price Waterhouse in Edmonton, Toronto and Sydney, Australia. Clay received a Bachelor of Commerce degree from the University of Alberta and a Master of Business Administration degree from the University of Western Ontario. He also holds a Chartered Accountant designation.