St Trust Administrator - London, Canada - Scotiabank
Description
Requisition ID: 168418Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
Purpose
As a Trust Associate in a Scotia Wealth Management Office, you provide proactive administrative and client service support to a Trust Officer and their account portfolio of varying size and complexity with the day to management, oversight and account administration for client, beneficiary and Co-Trustee relationships.
information and is designated as the point of contact in the absence of the Trust Officer.
Key Job 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 backup in the absence of the Trust Officer by demonstrating a detailed knowledge of the
resources where appropriate.
- Maintain daily surveillance over cash positions and provide reports for any cash positions that require remedial
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
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,
- Understand how the Bank's risk appetite and risk culture should be considered in daytoday activities and
- Ensuring thorough knowledge of, and strict adherence to, the Bank's Global Sales Practices.
- Actively pursues effective and efficient operations of his/her respective areas, while ensuring the adequacy,
Global Handbook and the Guidelines for Business Conduct.
- Champions a highperformance environment and contributes to an inclusive work environment.
Skills Experience and Functional Competencies
- Proactive with a proven track record of providing a best in class client experience
- Strong interpersonal and verbal communication skills
- Strong time management skills and a proven ability to multi-task
- High School Graduate
- Enrolment in Financial Industry courses
- CSC, IFIC, STEP Canada, ICB. 4. Working knowledge of asset management and administrative procedures
Location(s): Canada : Ontario : London
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.
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