James Schofield is president and chief operating officer of Toyota Financial Savings Bank (TFSB), which provides banking services to Toyota, Lexus, and private label dealers and consumers. Schofield is responsible for leading all aspects of the TFSB organization, setting the bank’s strategy, overseeing operations, and promoting profitable growth. Schofield is a strong advocate for Toyota’s core value of “Respect for People,” a vital component of the company’s culture and a key contributor to the organization’s success.

Previously, Schofield served as chief financial officer for Toyota Financial Services (TFS). In that role, he was responsible for the overall financial management of the company. This included leading teams for TFS accounting, TFS finance, TFS and Toyota Motor North America (TMNA) treasury, as well as the TFS competitiveness and mergers & acquisition functions. Schofield oversaw all financial planning and pricing profitability alongside the funding, capital, liquidity risk management and treasury operations for TFS.

Over the course of his career, Schofield has worked with corporations in the U.S., the U.K., Europe, and Asia. This wide range of experience provided him with an excellent global perspective as well as exposure to many cross-industry best practices.

Prior to joining Toyota in 2021, Schofield served as Lloyds Banking Group managing director, global head of food, drink and leisure as well as being an executive sponsor for the telecommunications, media & technology franchise. Before that, Schofield led a multinational team responsible for advising global corporate and real estate clients on financial risk management, including interest rates, currency, credit, and inflation exposure.

Earlier in his career, Schofield was employed at JPMorgan Chase, where he initially worked in structured products and derivative marketing. He ascended to the role of vice president, credit & rates North America, in which he led teams covering a broad array of credit, foreign exchange, and interest rate products for media, logistics, shipping, and captive finance clients.

Schofield holds a Master of Arts in Geography from St. Peter’s College, Oxford University.

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