Job description
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.
To learn more about CIBC, please visit
CIBC.com
Job Description
Job Purpose:
The Senior Trust Advisor will be a centralized, working manager role in the Fiduciary Center of Excellence, responsible for managing and administering all aspects of an assigned book of Delaware Trust Company trust accounts for CIBC Private Wealth. The Senior Trust Advisor will address client inquiries in a timely and effective manner, partner with investment professionals managing the account while coordinating and overseeing all trust administration activities in the account. The Senior Trust Advisor will have decision-making authority over trust administration of the accounts as deemed appropriate by management. The ability to successfully identify and manage compliance and fiduciary risk management issues is also important.
Responsibilities:
-
Provide trust administration for an assigned group of high net worth accounts in the Delaware Trust Company.
-
Partner with Relationship Managers and client service managers to provide trust administration services to an assigned book of accounts.
-
Coordinate timely communication with client facing teams to clients and their advisors.
-
Familiar with Delaware Trust statutes and administration practices, including administration of directed trusts.
-
Identify actual or potential risks and proactively engage internal resources to mitigate risks.
-
Adhere to all policies and procedures and help promote a compliance-minded culture.
-
Coordinate and monitor fiduciary account openings, including the review and interpretation of governing documents and applicable state laws to ensure accurate and complete account setup.
-
Coordinate trust administration work flow with front office teams and Operations and Centers of Excellence.
-
Coordinate and monitor fiduciary account closings, including the gathering/distributing of assets and other related tasks, with Operations and Centers of Excellence.
-
Collaborate with internal fiduciary tax team to determine tax filings, and ensure all filings are timely.
-
Respond to client inquiries timely and thoughtfully.
-
Assist relationship managers and client-facing personnel with trust-related questions and inquiries.
-
Day to day management for one direct report (Trust Administrator) with possible growth of team. Opportunity for expanded management roles in the future.
Qualifications:
-
Minimum 7+ years experience in estate and trust administration, preferably at a large financial institution.
-
Bachelor's Degree required.
-
CTFA, JD or other industry certification preferred.
-
Firm understanding of accepted trust and estate administration processes, timelines and concepts.
-
Outstanding client service skills, including proactive communication and problem solving.
-
Must be detail oriented.
-
Must be comfortable reading and interpreting trust documents and wills.
-
Excellent written and verbal communication.
-
Strong computer skills including proficiency with trust accounting systems and MS Office.
-
Experience working directly with high net worth clients.
-
Able to work independently as well as in a team environment; ability to build collaborative working relationships with Relationship Managers, Client Service Managers and Private Bankers.
California residents — your privacy rights regarding your actual or prospective employment
What you need to know
-
CIBC is committed to creating an inclusive environment where all team members and clients feel like they belong. We seek applicants with a wide range of abilities and we provide an accessible candidate experience. If you need accommodation, please contactMailbox.careers-carrieres@cibc.com
-
You need to be legally eligible to work at the location(s) specified above and, where applicable, must have a valid work or study permit.
Job Location
DE-1 Righter Parkway
Employment Type
Regular
Weekly Hours
40
Skills
Communication, Detail-Oriented, Estate Administration, Oral Communications, Trust Administration
www.colinoncars.com is the go-to platform for job seekers looking for the best job postings from around the web. With a focus on quality, the platform guarantees that all job postings are from reliable sources and are up-to-date. It also offers a variety of tools to help users find the perfect job for them, such as searching by location and filtering by industry. Furthermore, www.colinoncars.com provides helpful resources like resume tips and career advice to give job seekers an edge in their search. With its commitment to quality and user-friendliness, www.colinoncars.com is the ideal place to find your next job.