Summary
Overview
Work History
Education
Skills
Timeline
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Stephen Corey

Toronto,ON

Summary

Dynamic leader with a proven track record at Scotiabank, driving a 165% portfolio growth through strategic innovations and effective team leadership. Core competencies include credit policies, project management, and cross-functional collaboration, resulting in enhanced operational efficiency and team performance. Expertise in fostering diversity within teams enhances productivity and creativity across projects. Career goals focus on leveraging leadership skills to further elevate organizational success.

Overview

35
35
years of professional experience

Work History

National Director Solutions, Small Business Executive Office

Scotiabank
12.2019 - Current
  • Responsible for leadership and oversight of a national team of Solutions Managers and Client Service Associates providing credit underwriting and administrative support for the Bank’s national Heath Care & Professional Group (HCP), Small Business Income Property Lending (SB IPL) and Agriculture (SB Ag) portfolios
  • In my current role I have implemented numerous process improvements and new internal resources, and as a result have been able to support a 165+% increase in the HCP portfolio, and added new support of the SB IPL and SB Ag portfolios, with no increase in staffing
  • Proposed and assisted in development of an upmarket adjudication department to eliminate multiple adjudication paths for the HCP portfolio, provided the workflow plan and tools required to support the strategy and collaborated with partners in ACE, GRM and LSSB to implement
  • Identified flawed borrower risk rating process in place for >$3MM segment of the SPP portfolio, designed replacement model and testing strategy; launched in Q2/24

Acting National Director Franchising, Commercial Specialty Business Banking

Scotiabank
03.2020 - 10.2021
  • Responsible for leadership of the National Franchise team in management and development of Commercial and Small Business franchise programs until successor was placed in Oct 2021
  • Led the National Franchising team through implementation of BCP and established a new client calling strategy to support the branch network and keep the team engaged as regular sales and marketing activities were put on hold
  • Leveraged my position of concurrently leading the Healthcare Banking Solutions team to design and lead a review of the Franchise Pharmacy Banner portfolio to assess market position and address inconsistencies that existed between banner programs as well as between those programs and the Scotia Professional Plan

Director Execution, GBM Credit Analytics Group

Scotiabank
12.2008 - 11.2019
  • Responsible for the initial design, implementation, and subsequent leadership of the Credit Analytics Group (CAG); executed the initial roll out of CAG to Corporate Banking Canada, and managed all subsequent expansions of the group by geography and scope to support Corporate Banking Canada, US, Europe and GCM Banking
  • Key responsibilities included (i) strategic direction of the group through development and implementation of technology solutions (ii) providing guidance on policy issues, (iii) acting as key point of contact for GBM with Credit as well as with Internal Ratings Management, Internal Audit and OSFI on borrower risk rating and compliance issues
  • Primary contributor to strategic planning for the group and tactical implementation of new processes and systems
  • Business Lead on several major enterprise-wide system implementations
  • Established Scotiabank and CAG as the employer of choice within our targeted University programs
  • Consistently beat out our competition to hire our top selections of Co-Op and new graduate candidates, which was key to building and maintaining a very high performing and diverse team

Associate Director, CB Canada Diversified Industries Group

Scotiabank
08.2003 - 12.2008
  • Responsibilities included corporate client relationship management, risk rating and borrower compliance reporting, annual review, and credit presentation writing

Manager, GRM Corporate Credit Central

Scotiabank
05.2001 - 08.2003
  • Worked on the automotive and diversified industries portfolio, responsible for adjudication and recommendations to senior executives on corporate loan requests

Ontario West VPO

Scotiabank
10.1989 - 05.2001
  • Held a variety of retail credit and sales roles, of increasing responsibility that included frontline sales and mid-office credit process, progressing to a regional sales manager role

Education

MBA -

Ivey Business School

BA - Economics

University of Western Ontario

Skills

  • Solid understanding of credit policies, risk appetite, and regulatory requirements
  • Proven ability to transfer this knowledge to others and to design and implement operational workflows to maximize efficiency and ensure compliance with policy
  • Team Builder - extensive experience in recruiting and developing talent, and directly and indirectly leading teams
  • Active and successful promoter of a diverse and inclusive workplace
  • Effective communicator, collaborator, and change agent with solid team leadership and project management experience
  • Talent acquisition
  • Corporate communications
  • Sales management
  • Diversity and inclusion
  • Recruitment and retention
  • Internal communications
  • Workforce planning
  • Innovation management
  • Cross-functional team leadership

Timeline

Acting National Director Franchising, Commercial Specialty Business Banking

Scotiabank
03.2020 - 10.2021

National Director Solutions, Small Business Executive Office

Scotiabank
12.2019 - Current

Director Execution, GBM Credit Analytics Group

Scotiabank
12.2008 - 11.2019

Associate Director, CB Canada Diversified Industries Group

Scotiabank
08.2003 - 12.2008

Manager, GRM Corporate Credit Central

Scotiabank
05.2001 - 08.2003

Ontario West VPO

Scotiabank
10.1989 - 05.2001

MBA -

Ivey Business School

BA - Economics

University of Western Ontario

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Stephen Corey