Senior Wealth Taxation & Planning Leader

Scotiabank; Montreal; On-site; CAD 120,000 - 180,000; Full time

Job summary

Scotiabank is seeking a Senior Manager, Wealth Management Taxation in Montreal to support wealth advisors, planning specialists, and banking partners with tax planning while enhancing the Total Wealth offering. The role requires expert knowledge of Canadian tax and estate planning for high-net-worth clients and entails collaborating with cross-functional teams in a dynamic environment.

The successful candidate will combine strong communication and leadership skills with a track record in tax

Qualifications

• University degree is required.
• Professional designation (CPA, JD/LLB, DDN) is required.
• CPA Canada In-Depth Tax Program or MTax degree is preferred.
• At least 7 years of experience in a professional organization providing tax planning and compliance for HNW and UHNW clients.

Responsibilities

• Provide tax planning and estate planning expertise to complex HNW and UHNW clients as part of holistic wealth planning.
• Collaborate with advanced planning specialists and advisors to discuss tax, trust, and estate options.
• Contribute to business development activities and client meetings as needed.
• Capture and socialize success stories from client engagements.
• Identify opportunities to enhance Wealth Management Taxation services.

Skills

Tax planning

Estate planning

Strategic thinking

Communication

Team collaboration

Education

CPA Canada In-Depth Tax Program

MTax degree

JD/LLB

University degree

Job description

Requisition ID: 275608

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

Job Purpose:

The Senior Manager, Wealth Management Taxation plays a key role in supporting wealth advisors, planning specialists, and banking partners across Scotia Wealth Management by providing tax planning expertise and enhancing the delivery of the Total Wealth offering.

Key Accountabilities:

Enhance the delivery of the Total Wealth offering through the integration of tax and estate planning expertise by:

• Collaborating with a team of advanced planning specialists to provide tax and estate planning strategies to complex high net worth (HNW) and ultra-high net worth (UHNW) clients as part of a holistic wealth planning process that clients may then consider and implement with their own tax and legal advisors;
• Consulting and discussing with advisors and their HNW and UHNW clients pointed tax information and guidance highlighting options regarding tax, trust and estate, intergenerational wealth transfer, business transition and succession, insurance, philanthropy, and education planning strategies to consider, which may then be implemented with their own tax and legal advisors;
• Occasionally participating in business development activities and prospective client meetings;
• Capturing and socializing success stories connected to client engagements; and
• Continuously identifying opportunities to enhance the Advanced Planning and Services and the Wealth Management Taxation teams’ service offerings.
  

Requirements:

• Excellent written and verbal communication and presentation skills with the ability to adapt communication style based on audience, taking complex technical tax and legal concepts and communicating them in plain language when necessary;
• Strong inclination towards strategic competencies – thinking, relationships, and influencing – that will support the ability to be innovative and evolve the National Tax Office offering;
• The incumbent must be well suited to working independently and within a team environment; and
• Some regional and national travel will be required to attend internal meetings in support of the business as well as attend conferences.
  
  

The position requires a high degree of specialized knowledge and experience. The incumbent must be highly conversant on a variety of tax and estate planning topics, including:

• Federal and provincial/territorial income tax law pertaining to individuals, trusts, and private corporations;
• Taxation of Canadian Controlled Private Corporations (CCPCs) and their shareholders, and related planning issues such as business transition and succession, corporate reorganizations, intergenerational wealth transfer, and various corporate transactions;
• Tax issues related to individuals, estates and trusts, and applicable planning;
• Tax strategies involving the use of life insurance for individuals and their private corporations;
• Tax strategies related to philanthropy, leveraging, and education planning;
• Tax strategies related to provincial probate planning;
• Uses and issues related to legal documents, such as wills, power of attorneys, trust agreements, shareholder agreements, franchise agreements, etc.;
• The ability to read and interpret financial statements and personal, trust, and corporate income tax and information returns; and
• Knowledge of U.S. income, estate, and gift taxation and related issues.
  

The ideal candidate must have the following:

• University degree;
• Professional designation (e.g., CPA, JD/LLB, DDN);
• CPA Canada In-Depth Tax Program or MTax degree; and
• At least 7 years of experience in a professional organization providing tax planning and compliance for HNW and UHNW clients.
  
  

It is preferable that the ideal candidate have the following:

• Other professional designations (e.g., TEP, CFP, F.Pl., MFA-P);
• In-Depth Tax Issues for the Owner-Managed Business course;
• Solid understanding of financial products and services they are helping advisors to support; and
• Solid knowledge of marketplace and competitive practices.

In addition to French, the successful candidate must also have sufficient knowledge of English, as the work involves interacting and collaborating regularly with groups and individuals based in Toronto, as well as constantly interacting with other people, including clients, who speak English, locally and elsewhere.

Location(s): Canada : Quebec : Montreal

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.

At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. If you require technical assistance, please click here. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.