Executive Trust Officer

CIBC•Toronto, ON

16d•Hybrid

About The Position

We’re building a relationship-oriented bank for the modern world. We need talented, passionate professionals who are dedicated to doing what’s right for our clients. At CIBC, we embrace your strengths and your ambitions, so you are empowered at work. Our team members have what they need to make a meaningful impact and are truly valued for who they are and what they contribute. As the Executive Trust Officer, you will be responsible for the ongoing account management and administration of Estates, Trusts and Powers of Attorney. This involves partnering with a specialized team of professionals within Wealth Management dedicated to working with Estates, Trusts and Powers of Attorney. Primary accountability for the timely, accurate, and professional administration of complex estate, trust and power of attorney accounts. You will identify and mitigate account risks while adhering to all CIBC Trust Policies & Procedures, including cash management, fee collection, account opening, etc. At CIBC we enable the work environment most optimal for you to thrive in your role. Details on your work arrangement (proportion of on-site and remote work) will be discussed at the time of your interview.

Requirements

8 - 12 years of experience in the Estate & Trust Industry.
Detailed knowledge of accounting and investing sufficient to administer a range of moderately complex Estate, Trust and Power of Attorney Accounts.
Certified professional.
Legally eligible to work at the location(s) specified above and, where applicable, must have a valid work or study permit.

Nice To Haves

Obtained the Member Trust Institute (MTI) and/or Trust and Estate Practitioner (TEP) designation(s).

Responsibilities

Ongoing account management and administration of Estates, Trusts and Powers of Attorney.
Partnering with a specialized team of professionals within Wealth Management dedicated to working with Estates, Trusts and Powers of Attorney.
Primary accountability for the timely, accurate, and professional administration of complex estate, trust and power of attorney accounts.
Identify and mitigate account risks while adhering to all CIBC Trust Policies & Procedures, including cash management, fee collection, account opening, etc.
Develop and maintain a strong partnership with the clients/beneficiaries in order to provide excellent client service.
Effective and open communication is critical to ensure parties are informed of key activities, milestones and deliverables.
Partner effectively with internal experts from the Investment Management and Tax Department, to provide oversight and guidance on client investment and tax issues.
Engages external professionals as required.
Supervises account investments to ensure consistency with account objectives, documents and legislation.
Ensure the onboarding and account management aligns with the unique needs of clients and the characteristics of Estates and Trust.
Establish effective tracking, monitoring and compliance with the governing document and responsible for the resolution of all operational, technical and discretionary issues encountered in the management of the accounts.
Assist in developing standards in administration and vetting new and/or changes to policies and procedures.
Optimizes account administration by identifying and implementing process improvements.
Oversee and supervise the workflow of staff by providing ongoing technical assistance to support the achievement of the business unit’s priorities and CIBC’s overall goals.
Create a positive work environment and be an effective role model by championing CIBC’s mission, vision and values.
Ensure compliance with policies, standards, guidelines and controls by applying the policies and controls fairly and consistently so employees understand what to expect.

Benefits

Competitive salary
Incentive pay
Banking benefits
Benefits program
Defined benefit pension plan
Employee share purchase plan
Vacation offering
Wellbeing support
MomentMakers, our social, points-based recognition program
Purpose Day; a paid day off dedicated for you to use to invest in your growth and development