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Trust Associate - Winnipeg Full-time Job

1 month ago Financial Services Winnipeg   67 views
Job Details

Key Accountabilities:

  • Administration and Relationship Management Support
    • Assist the Trust Officer with providing a best in class, proactive and personalized client experience to high net worth clients and beneficiaries, exemplified by timely and accurate account administration coupled with demonstrated technical expertise, personal integrity and an ability to respond to stated and unstated client needs and concerns.
    • Provide effective back-up in the absence of the Trust Officer by demonstrating a detailed knowledge of the accounts and responding to the client and beneficiary needs in a timely manner, referring matters to other resources where appropriate.
    • Maintain daily surveillance over cash positions and provide reports for any cash positions that require remedial attention. Create/input accurate and timely accounting entries for payments to third parties realization of assets, fee collection, referring all unusual items for further action as required. Prepare detailed fee calculations in Estate and Trust accounts in accordance with fee agreements or local judicial/industry practice
    • Assemble information regarding assets in new accounts (including research into the tax costs) and ensure the preparation of the opening inventory/Record of Trust. Set up client and asset information on the Trust including the creation and maintenance of diaries to provide for such matters as fixed remittances fee processing, investment reviews and statement production.
    • Prepare routine correspondence and documentation, including draft documentation in respect of matters that policy requires be submitted to the appropriate internal oversight groups concerning beneficiary/court approval of fees and statements;
  • Additional Accountabilities
    • Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
    • Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
    • Actively pursues effective and efficient operations of his/her respective areas, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational risk, regulatory compliance risk, AML/ATF risk and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook and the Guidelines for Business Conduct.
    • Champions a high performance environment and contributes to an inclusive work environment

Functional Competencies:

  • Proactive with a proven track record of providing a best in class client experience
  • Proven aptitude to learn new concepts and readily apply them to day to day tasks
  • Strong interpersonal and verbal communication skills
  • Strong time management skills and a proven ability to multi-task

Education/Experiences:

  • High School Graduate
  • Enrolment in Financial Industry courses
  • CSC, IFIC, STEP Canada, ICB
  • Working knowledge of asset management and administrative procedures
  • Strong PC Skills: 6. Basic knowledge of Trust Accounting principle

 

 

Company Description
Scotiabank is a leading bank in the Americas. Guided by our purpose: for every future, we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With a team of approximately 100,000 employees and assets of approximately $1.2 trillion .