Foundation Officer, Scotiatrust National Foundations

Requisition ID: 247946

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

As a Foundation Officer working in the National Foundations office you are a trusted and experienced relationship manager responsible for supporting the companys strategy and revenue goals by profitably delivering a best in class client experience resulting in high quality solutions to the clientele of Scotia Wealth Management in accordance with your clients needs and expectations and in compliance with policies and procedures.

You are client-centric and entrepreneurial have a strong sense of proactivity and are effective at building and maintaining deep relationships with clients as well as internal and external partners. You are a proven highly skilled professional with expertise in Estate and Trust administration Philanthropic Advisory Services and have a high knowledge of charitable foundation administration which falls within the scope of our wealth management services. From time to time you will be required to act as a Director/Officer of privately held not-for-profit companies that have received charitable registration with Canada Revenue Agency as Private Foundations. You will have carriage of Private Foundation accounts from across Canada so base knowledge of common-law and civil-law jurisdictions is an asset.

Through an intimate understanding of clients goals needs and circumstances you are responsible for engaging Scotiabank and Scotia Wealth Managements team of experts as needed to deliver on total wealth strategies.


Key Job Accountabilities

1. Relationship Management & Client Service

o Fulfill the role of lead relationship manager responsible for overseeing the administration of a portfolio of client Private Foundations accounts acting as the central point of contact for all client needs and inquiries.
o Provide a best in class proactive and personalized client experience to high net worth clients and charitable 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.
o Build and maintain effective internal and external partnerships with a view to providing seamless impactful solutions across a variety of financial services disciplines.
o Responsible for revenue collection and contributing to the branchs profitability by accurately forecasting and overseeing the timely collection of fees including making recommendations regarding situations that may warrant a non-standard fee agreement.


2. New Business Development

o Work closely with the Estate and Trust Consultants Scotia Wealth Management partners internal and external Centers of Influence (COIs) and their clients to assist with the closing and ongoing servicing of new wealth transition solutions.

3. Risk Management

o 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.
o Maintain expert knowledge of legislative administrative and economic issues that impact the management of your accounts and demonstrate an ability to communicate on a broad range
Position: Foundation Officer Scotiatrust - National Foundations
of legal and financial issues with clients and their advisors with particular proficiency in estates trusts and charitable administration as well as investment and taxation matters.

4. Additional Accountabilities
o Champion a customer focused culture to deepen client relationships and leverage broader Bank relationships systems and knowledge.
o Understand how the Banks risk appetite and risk culture should be considered in day-to-day activities and decisions.
o Actively pursues effective and efficient operations of his/her respective areas while ensuring the adequacy adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational risk regulatory compliance risk AML/ATF risk and conduct risk including but not limited to responsibilities under the Operational Risk Management Framework Regulatory Compliance Risk Management Framework AML/ATF Global Handbook and the Guidelines for Business Conduct.
o Championing a high-performance environment and contributing to an inclusive work environment

Skills Experience and Functional Competencies:
1. Entrepreneurial and capable of consistently delivering a proactive best in class client experience.
2. Effective at building and maintaining deep relationships and partnerships.
3. Proven ability to manage competing priorities without losing focus on key accountabilities
4. Strong interpersonal verbal communication and negotiation skills and professionalism.
5. Deep understanding of the wealth management landscape and a demonstrated ability to work in an environment that demands tact objectivity and sensitivity.
6. Strong change management skills and ability to adopt technology and reporting platform changes to support operational improvements sales management process improvements etc..
7. Proven ability to execute against financial and business development targets and profitability measures.
Education / Experience / Other Information
1. Professional and/or industry accreditation and/or a university degree.
2. Minimum of 3-7 years of directly-related experience.
3. Proven success in high net worth client relationship management.
4. Educational background and/or experience in Finance Business and/or philanthropy is an asset;
5. CSC IFIC STEP Canada ICB CAGP CSI and/or related industry designations are considered an asset;
Position: Foundation Officer Scotiatrust - National Foundations
6. Membership or commitment to participate in continued professional education (ie. CAGP STEP etc.).
7. Working knowledge of asset management and administrative procedures;
8. Strong PC Skills;
9. Basic knowledge of Trust Accounting principles.


Working Conditions

The successful candidate will be expected to work in a standard office-based environment requiring normal sensory attention in Toronto Ontario. Hybrid/remote work may be optional or required from time to time. Occasional travel is required usually within the GTA but cross-border travel may be required from time to time. The incumbent will occasionally be required to attend client meetings outside of normal business hours. The incumbent may occasionally be required to work extended hours as needs dictate.

Location(s): Canada : Ontario : Toronto

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.