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Trust Officer Wealth Management

Toronto, Ontario, Canada

TRUST OFFICER - WEALTH MANAGEMENT

POSITION SUMMARY:

The Trust Officer is accountable for providing long term relationship management to affluent clients, to beneficiaries, co-trustees, centers of influence in our estate and trust accounts. The position is also directly involved with the identification and pursuit of new business opportunities, internally and externally working closely with Financial Consultants and Will and Estate Planners.

PLEASE NOTE: Occasional travel is required - particularly in new estates. The successful hire may be required to attend external client meetings outside of normal business hours.

KEY ACCOUNTABILITIES:

• Provide personalized service to clients/beneficiaries at established levels, exemplified by timely and accurate account administration coupled with demonstrated technical expertise, personal integrity and an ability to respond to the needs and concerns identified by effective interaction with them, their advisorsand where applicable, the Co-Trustees.
• Limit corporate risk exposure by ensuring that account administration is carried out in compliance with defined policies and procedures and audit standards, including escalation of issues to the Discretionary Powers Committee as appropriate.
• Participate as a member of the Branch Discretionary Powers Committee.
• Perform duties as Officer/Director of private companies in accordance with established governance and compliance standards.
• Demonstrate in-depth understanding of clients/beneficiaries exposure to risk in the account administration and ensure full documentation of our activities relative to the account.
• Maintain current knowledge of legislative, administrative and economic issues that impact the management of the accounts and demonstrate an ability to communicate on a broad range of legal and financial issues with clients and their advisors, with particular expertise in estates, trusts, wills, investment and taxation matters.
• Act as a key branch resource in providing training on technical matters.
• You may be identified as the client's Primary Relationship Manager (PRM) that is assigned to the Scotia Private Client Group (SPCG) Centre professional with the expertise most relevant to the client's financial priorities.
• As PRM you will utilize the Financial Planning process to develop an in-depth understanding of your clients needs and will
• Serve as a conduit for referrals to the SPCG Team of Experts. You are responsible for developing multiple service client relationships based on formalized client strategies. You will engage and inform the designated Team of Experts as to changes in client information and priorities.
• As PRM you will maintain SPCG service standards regarding proactive contact, central client point of contact for special events, recording and maintaining the Client Contact database and hold and maintain the client's Financial Plan.
• As a Relationship Manager you are a key member of the Centre's Team of Experts. You will work closely with the client's Primary Relationship Manager (PRM) to proactively identify and implement strategies to address client needs. You will actively contribute as a member of the PRM team by updating the PRM/Client Contact database and participating in the client's annual Financial Plan review process.
• Identify new business opportunities, internal and external, for the Scotiabank Group of Companies that may arise in the course of managing client relationships and where applicable assist in the sales and established referral process.
• Contribute to branch profitability by the accurate forecasting and by overseeing the timely collection of fees, including making recommendations regarding situations that may warrant a non-standard fee arrangement.
• Train, develop, motivate and evaluate direct reports

QUALIFICATIONS:

• Post Secondary education (diploma/degree)
• 3+ years working with Trusts and/or Estates

OTHER INFORMATION:

• Location: Toronto, ON

Incorporating the key personal investment and advisory activities within the Scotiabank Group, Wealth Management provides a full range of products and services that encompass retail brokerage, investment management advice, mutual funds and savings products, and financial planning and private client services for affluent clients.

The Scotiabank Group is an equal opportunity employer and welcomes applications from all interested parties. We thank you for your interest, however, only those candidates selected for an interview will be contacted. No agencies please.

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