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
Overview:
The Fiduciary Advisor is part of the Fiduciary Administration Centers of Excellence and provides guidance and oversight with respect to new fiduciary business acceptance or fiduciary account closings. This is an individual contributor role within the first line of defense and reports to the Director of Trust and Estate Services.
Key Accountabilities and Responsibilities:
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Provide fiduciary administration guidance as part of the Fiduciary Administration Center of Excellence.
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Engage internal partners (Director of Trust and Estate Services/Tax Services/Privately Held Investments/Legal/Wealth Strategies/Client Service) as part of the oversight process for new fiduciary business.
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Perform trust pre-acceptance review, trust acceptance sign-off and prepare trust digest for account opening, review terminations/closings and assist with preparation of receipt and releases, etc.
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Review non-judicial settlement agreements, decanting agreements, trust modifications, and other documentation related to the fiduciary business.
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Review fiduciary appointments and related documents; refer to external counsel as necessary and manage related work product.
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Provide advice and consult with client teams on questions regarding trust administration and interpretation of trust language and refer them to internal Legal Counsel, if necessary
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Provide advice on discretionary distributions and approvals within prescribed limits and established authority.
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Provide advice to client facing advisors on potential trust opportunities (trust review, administration questions).
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Participate as an active member of several internal regulatory management committees as required.
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Develop fiduciary administration policies and procedures as directed.
Knowledge and Skills:
- Attorney with 7+ years of previous experience working in a trust department or trust company.
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Strong knowledge of trust and tax regulations on both a state and federal level; ability to capably review trust documents and summarize key provisions.
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Excellent writing skills and the ability to effectively draft communications to advisors, regulators and external counsel, as needed.
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Advanced analytical skills and attention to detail required for the review of complex, legal documents.
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Excellent interpersonal skills to effectively interact with all levels of management and staff as well as external contacts.
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Strong organizational, time management and multi-tasking skills as well as detail-oriented.
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Excellent relationship building and stakeholder management skills
Risk & Compliance:
Our CIBC risk culture is based on employees striving to exceed the expectations of ourselves and our leadership’s identification and mitigation of risks in their daily responsibilities, not just in quarterly or annual monitoring/assessments. We all are accountable for managing risk.
As an employee of CIBC the incumbent must conduct themselves (and foster an environment for others) in a manner consistent with our strong risk culture. This includes:
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Following all aspects of the CIBC Code of Conduct, as well as all applicable CIBC policies, frameworks, guidelines, processes and controls
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At all times acting in accordance with our Purpose and shared values, to achieve our Bank’s strategic goals
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Understanding and following the qualitative and quantitative components of our Risk Appetite Statements
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Completing all annual Corporate Mandatory Training and Testing modules, as well as any additional business-specific modules, as required and employing the learnings in daily activities and undertakings
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Escalating matters through one of the appropriate channels identified in the CIBC Code of Conduct (i.e., HR, management, Ethics Hotline, Whistleblower, etc.) upon observing activities that may be inconsistent with CIBC’s policies, frameworks, guidelines, processes and controls
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Speaking up if witnessing behaviors that drive poor or unfair outcomes for clients, team members or other stakeholders
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Escalating matters that can result in adverse market practices and outcomes, thereby negatively impacting CIBC’s reputation as a leading financial institution
California residents — your privacy rights regarding your actual or prospective employment
What you need to know
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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
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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
100 Federal Street, 37th Floor
Employment Type
Regular
Weekly Hours
40
Skills
People Management, Trust Services, Wealth Management
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