Trust Administrator, Private Wealth

Bank of Montreal; Old Toronto; On-site; CAD 37,000 - 70,000; Full time

Job summary

An established industry player is seeking a Trust Administrator to join their Private Wealth team. This role focuses on delivering exceptional service to Trust & Estate clients while ensuring compliance and account management. You will collaborate with internal teams and stakeholders to provide tailored solutions and support clients' needs. This position offers a dynamic work environment where your skills in communication, organization, and analytical thinking will be vital. If you are passionate about helping clients navigate their Trust and Estate needs, this is a fantastic opportunity to make a meaningful impact in the financial sector.

Benefits

Health insurance

Tuition reimbursement

Accident and life insurance

Retirement savings plans

Performance-based incentives

Discretionary bonuses

Qualifications

• 2-3 years of relevant experience in Trust & Estate management.
• Basic knowledge of Estate and Trust products required.

Responsibilities

• Provide high-quality service to Trust & Estate clients.
• Ensure compliance in Trust & Estate account management.

Skills

Verbal & written communication skills

Organization skills

Collaboration & team skills

Analytical and problem solving skills

Trust industry experience

Basic knowledge of Estate and Trust products

Applicable securities certification

Education

Post-secondary degree in related field

Equivalent combination of education and experience

Job description

Trust Administrator, Private Wealth

Apply locations Toronto, ON, CAN

Time type: Full time

Posted on: Posted 2 Days Ago

Job requisition id: R240024036

Application Deadline: 01/16/2025

Address: 30 St. Clair Avenue West

Job Family Group: Wealth Sales & Service

Provides high quality sales and service to Trust & Estate clients to deliver an exceptional client experience. Provides technical expertise for all aspects of Trust & Estate account management and administration to ensure compliance. Works collaboratively within the branch and the regional team as part of the client/relationship management solution. Identifies and makes referrals to other business groups as appropriate.

• Assists in preparing new business proposals or presentations to clients/prospects based upon their needs.
• Develops a rapport and instills confidence with the client to develop credibility as a member of the client/relationship team.
• Develop and maintain knowledge and understanding of integrated services and offerings, with a focus on Trust and Estate products and procedures.
• Coordinates and executes specific activities for the implementation of strategic initiatives; includes tracking metrics and milestones.
• Collaborates with internal and external stakeholders in order to deliver on business objectives.
• Performs set up & maintenance of Trust & Estate accounts ensuring all compliance requirements are met within acceptable time frames.
• Ensures the timely and accurate processing of trade order management activities.
• Supports in audits and compliance reviews as assigned.
• Identifies and escalates all irregularities and discrepancies to management.
• Performs sales & service support activities as required to meet client needs and maintain overall service levels.
• Provides administrative support to team members and relationship managers that includes financial reports, asset & account reconciliation, compliance, trade activity, posting, fee collection and other related activities; ensures proper documentation and administration decisions.
• Meets high-quality service standards to maximize relationship retention and growth.
• Follows through on the risk and compliance processes and policies to ensure we safeguard our customers’ assets, maintain their privacy, act in their best interests, and ensures an effectively run function.
• Protects the Bank's assets and complies with all regulatory, legal and ethical requirements.
• Completes complex & diverse tasks within given rules/limits and may include handling escalations from other employees.
• Analyzes issues and determines next steps.
• Broader work or accountabilities may be assigned as needed.

Qualifications:

• Typically between 2 - 3 years of relevant experience and post-secondary degree in related field of study desirable or an equivalent combination of education and experience.
• Basic knowledge of Estate and Trust products and services.
• Trust industry experience.
• Applicable securities certification.
• Specialized knowledge.
• Verbal & written communication skills - Good.
• Organization skills - Good.
• Collaboration & team skills - Good.
• Analytical and problem solving skills - Good.

Salary: $37,500.00 - $69,500.00

Pay Type: Salaried

The above represents BMO Financial Group’s pay range and type. Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Group’s expected target for the first year in this position.

BMO Financial Group’s total compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of our benefits, please visit: https://jobs.bmo.com/global/en/Total-Rewards

About Us:

At BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people.