Trust Officer, Md Private Trust, Ottawa On - MD Financial Management

MD Financial Management

Verified Company

Ottawa, Canada

2 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

Requisition ID: 191748

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

Is this role right for you? In this role you will:

Leads the estate and trust administration of more complex accounts with assistance and support of Trust Administrator, Tax Officer, Estate & Trust Advisor and Regional Trust Officer
Reviews all new estate and trust account documents and related forms for thoroughness, accuracy and consistency
Ensures all estate and trust administration is in accordance with terms of the governing documents, relevant provincial legislation and MD policy.
Preparation of all required technical correspondence and documents, ranging from government, financial institutions, other organizations, beneficiaries, coexecutors and others
Identifies matters requiring the exercise of discretion and participates in and assists the Discretionary Decision Process by gathering relevant technical information and resources, making recommendations, and preparing minutes properly documenting decisions taken, in accordance with governing documents, applicable legislation, and MD Policy.
Oversees the financial and estate data inputs for production of client statements
Ensures inventories (assets and liabilities) for all new estates are accurately prepared
Participates in collaborative tax planning and execution of strategy with Tax Officer and Regional Trust Officer to minimize income tax owing by estate, beneficiaries or deceased
Gathers and assembles information required for preparation of tax returns (terminal T1, T3, etc.)
Communicates regularly with Estate and Trust Advisors, Regional Trust Officers, Tax Officer and other internal service providers, both informally and formally, to ensure efficient and timely flow of information to all interested parties; conveys technical material in a manner that is understandable, orally and in writing
Maintains status checklists and reports on administration progress, including compliance with MDPT Service Standards, for review by Manager, Estate & Trust Administration and Senior Management
Accountable to ensure that regular account reviews are conducted and actioned appropriately, within prescribed time frames

Do you have the skills that will enable you to success in this role? We'd love to work with you if you have:

University Degree and/or relevant experience experience
Accreditation: Specialist, Trust Institute (STI) from Canadian Securities Institute; or Trust and Estate Practitioner (TEP) designation from STEP Canada; or Certificate of Estate and Trust Administration (CETA) from STEP Canada is an asset
Knowledge of relevant legislation, taxes and government filing requirements regarding estates and trusts
Bilingualism in French and English is an asset
Experience in estate and trust administration (Common Law or Quebec Civil Code)
Knowledge of trust systems and reporting
Ability to work cohesively with peers and service partners

What's in it for you?

Ability to make a lasting impact on an assigned book of customers
An inclusive culture where we value and recognize our employees' contributions
An organization committed to making a difference in our communities for you and your customers

Location(s): Canada : Ontario : Ottawa

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.