Trust Officer, Scotiatrust - Kelowna, BC

Scotiabank; Kelowna; On-site; CAD 70,000 - 105,000; Full time

Job summary

Scotiabank is seeking a Trust Officer in Wealth Management to manage day-to-day estates, trusts, and account administration for client, beneficiary, and Co-Trustee relationships. You will engage with Scotiabank's team to deliver total wealth strategies, while identifying opportunities and ensuring compliance with policies.

The role emphasizes proactive client service, relationship building, and navigating complex financial matters for high net worth clients across multiple BC locations.

Qualifications

• Minimum 3–5 years of directly-related experience.
• Proven success in high net worth client relationship management.
• Membership or commitment to CSI and/or STEP.
• Proven ability to deliver proactive best in class client experience.
• Strong interpersonal, verbal communication and negotiation skills.
• Proven ability to manage competing priorities.
• Experience with estates, trusts, wills, and taxation matters.

Responsibilities

• Provide best in class, proactive client experience to high net worth clients and beneficiaries.
• Identify new business opportunities and develop acquisition strategies.
• Collaborate with Scotia Wealth Management team to deliver total wealth strategies.

Skills

Interpersonal

Verbal communication

Negotiation

Client relationship management

Prioritization

Education

University degree

CSI/STEP accreditation

Job description

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

Purpose

As a Trust Officer working in a Scotia Wealth Management office, you are a trusted and experienced relationship manager supporting the company's strategy and revenue goals by profitably delivering a best in class client experience in accordance with your clients' needs and expectations and in compliance with policies and procedures. You also assist with the identification and pursuit of new business opportunities, both inside and outside Scotia Wealth Management.

You are client-centric with a strong sense of proactivity and are effective at building and maintaining deep client relationships and possess detailed technical knowledge of Estates & Trusts. You will have primary responsibility for the day to day management, oversight and account administration for client, beneficiary and Co-Trustee relationships.

Through an intimate understanding of client goals, needs and circumstances, you will engage Scotiabank and Scotia Wealth management’s team of experts as needed, to deliver on total wealth strategies.

Key Job Accountabilities

1. Relationship Management & Client Service

• Provide 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.
• Build and maintain effective internal and external partnerships, with a view to providing seamless, impactful solutions across a variety of financial services disciplines.
• Contribute to the branch’s profitability by assisting with accurate forecasting and the timely collection of fees, including making recommendations regarding situations that may warrant a non-standard fee agreement.

2. New Business Development

• Identify new business opportunities that arise from the day to day management of the account portfolio
• Establish a strong presence and proactive relationship with a select number of retail branches to identify and close immediate and recurring fee opportunities.
• Develop acquisition strategies and maintain a robust prospect pipeline, in order to generate sustainable and profitable growth.
• Limit corporate risk exposure by ensuring that account administration is carried out proactively and in compliance with defined policies/procedures and audit standards, including the timely escalation of issues to the appropriate internal oversight groups as required.
• Maintain detailed knowledge of legislative, administrative and economic issues that impact the management of your accounts and demonstrate an ability to communicate on a broad range of legal and financial issues with clients and their advisors, with particular proficiency in estates, trusts, wills, and investment and taxation matters.

4. Additional Accountabilities

• Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.

Education/Experience

• Professional and/or industry accreditation, in addition to a university degree.
• Minimum of 3-5 years of directly-related experience.
• Proven success in high net worth client relationship management.
• Membership or commitment to participate in CSI and/or STEP.
• Proven ability of consistently delivering a proactive best in class client experience.
• Proven ability to manage competing priorities without losing focus on key accountabilities
• Strong interpersonal, verbal communication and negotiation skills and professionalism.
• Strong change management skills and ability to adopt technology and reporting platform changes to support operational improvements, sales management process improvements, etc.
• Effective at building and maintaining deep relationships and partnerships.
• Proven ability to execute against financial and business development targets and profitability measures.

Location(s): Canada : British Columbia : Kelowna || Canada : British Columbia : Peachland || Canada : British Columbia : Penticton || Canada : British Columbia : Summerland || Canada : British Columbia : Vernon

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.