About the Company?
Our client is a financial services company. They are looking for a Head, Corporate Trust who will be responsible for focusing on outlining the vision and strategy for the corporate trust business in alignment with the overall strategy, evolving the Corporate Trust business, retaining and attracting key relationships, and delivering client-focused solutions, working alongside Product, Sales and Client Management
Why Work Here?
- Great benefits
- Leadership opportunity
- Mentorship
- Collaborative culture
About the Opportunity?
Provide strategic leadership to the growth and operations of the Corporate Trust Function
- Represent the company in dealings with senior officers of client companies, their legal and other advisors and investors including attending closings, dealing with interpretive matters relating to documents governing the terms of appointment, address service issues, and present fees to prospective clients.
- Lead, manage and direct the administration of a portfolio of accounts including analyzing and interpreting documents, liaising with and providing instructions to internal departments on administrative requirements
- Produce, maintain and update departmental procedures for corporate trust offerings (e.g. acting as debt trustee under indentures, acting as collateral agent, acting as cash escrow agent etc.) with the support of both internal and external counsel.
- Proactively communicate with the company’s Senior Leadership Team on initiatives and products, including with respect to performance, usage, milestones, and any major changes to the market or competition,
- Provide to the SLT analysis and recommendations with respect to the company’s strategic and business opportunities within the scope of this mandate, generally supporting and participating in strategic initiatives (including mergers and acquisitions) and business development activities associated both with the corporate trust and other product lines offered by the company, and working with the company’s marketing and sales teams to produce materials to promote the launch of new business lines and products
- Oversee and develop pricing guidelines and template fee schedules with the leadership team
- Proactively manage the financial health of the business unit, including setting and meeting budgets and growth targets and managing expenses.
- Work with marketing and sales to promote the launch of new business offerings and products.
Ensure strong oversight and controls in alignment with business strategy
- Identify and report issues requiring escalation to legal, compliance, risk and the President, and CEO, as appropriate working with Compliance, monitoring regulatory trends and new developments, and compliance by the business with laws and requirements relevant to this mandate
- Working with Risk and Compliance to develop and subsequently, lead and direct a risk-based first line testing program to assess the adequacy, adherence to, and effectiveness of the company’s controls within the scope of this mandate.
- Working with Risk Management, developing relevant policies and procedures to ensure effective risk management in the corporate trust business and to maximize and protect revenue streams, and ensuring compliance with them and that staff is appropriately trained on them.
- Provide direction on defaulted debt issues under administration and other unique or complex matters with involvement of corporate legal, compliance and risk group.
Build a high-performance culture and establish a people strategy that attracts, retains, develops, and motivates team members
- Mentor and lead a team of professional Corporate Trust Officers and Managers.
- Set direction and objectives for the managers to achieve
- Coach and mentor senior employees in leadership and technical skills, so they can better serve the company’s clients and shareholders
- Build strong future succession and resilience within the team
- Engage, inspire and empower team members to balance business objectives and needs
Build and maintain a positive brand in the industry for the company
- Build relationships with clients and peers within the corporate trust industry for purposes of enhancing business effectiveness
- Represent the company in a leadership capacity at industry forums and associations, providing thought leadership; and keep current on regulatory, operational and business best practices relevant to the mandate
About You?
- University degree in Business, Finance, or LLB strongly prioritized
- 10 - 15 years of experience in Trust Services, in progressive leadership roles
- Experience with OSFI-regulated financial entities an asset
- Trust Course Institute or Canadian Bankers Association courses relevant to transfer agency and corporate trust businesses a strong asset
- Bilingual (French / English) would be beneficial though not mandatory
Salary Range?
$180,000 - $200,000/year?
How to Apply?
Click the “Apply Now” button and follow the instructions to submit your resume. Please know that we only accept documents in MS Word or Rich Text formats.??
When referencing this job, quote #455453
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You must currently reside within the Greater Toronto Area and be permitted to work in Canada to be considered for this opportunity. A recruiter will be in touch with you if your profile meets our client’s requirements for this role.?
Vaco by Highspring values a diverse workplace and strongly encourages women, people of color, LGBTQ+ individuals, people with disabilities, members of ethnic minorities, foreign-born residents, and veterans to apply.
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