Scotiabank

Senior Associate, Private Banker, International Private Banking - Toronto, ON

Scotiabank • $80K — $95K *
Toronto, ON M3C 0E3In-Person
Finance & Insurance
5 - 7 years of experience
Today
Be an Early Applicant
Job Overview by Ladders

Qualifications

  • 5 years of experience in Commercial or Retail banking
  • Understanding of commercial credit principles
  • University or community college degree preferred
  • Strong knowledge of tax, estate, and financial planning
  • Fluency in Spanish is required
  • Ability to engage with high-net-worth clients professionally

Responsibilities

  • Manage a portfolio of high-net-worth clients
  • Develop and nurture relationships with clients and Private Banking
  • Attend client meetings to assess client needs and provide tailored solutions
  • Respond promptly to inquiries from clients and senior management
  • Identify cross-sell opportunities to enhance client relationships
  • Ensure efficient administration of client accounts and investments
  • Proactively monitor and address issues with accounts and documentation

Benefits

  • Opportunities for professional development toward a Private Banker role
  • Exposure to diverse client management and operational challenges
  • Focus on business development in Mexico and Colombia
  • Access to specialized bank services for client benefit
  • Engagement in risk management and operational compliance areas
Full Job Description
Requisition ID: 270154

Purpose

The Senior Associate Private Banker is a role focused on junior portfolio management. The role is designed to provide a successful incumbent with the necessary skills and experience to potentially take on a Private Banker role in the future. The Senior Associate Private Banker has a portfolio of assigned clients along with new business and referral goals appropriate for the position. This position will have a focus on Mexico and Colombia.

What you will be doing:

Relationship management and business development:
  • The incumbent will manage a client portfolio of high-net-worth clients
  • Develop a professional, mutually beneficial relationship between the client and Private Banking
  • Attend client meetings to build relationship and obtain relevant information to build understand of client's needs.
  • Provide prompt responses to client or senior management requests and inquiries, problem solving for clients and assisting them with navigating different areas of the Bank;
  • Maintain knowledge of and relationships with specialized areas of the Bank which may be of benefit to Private Banking clients
  • Develop and manage a business plan incorporating sales targets and marketing strategies;
  • Deepen client relationships by identifying cross sell opportunities and providing quality referrals to business line partners
  • Ensure the efficient administration of client accounts, loans, investments, etc.
  • Develop an understanding of the Private Banking client profile;
  • Maintain accounts within the conditions and limits of authorization by monitoring their financial status, identify problem situations at an early date, and initiate corrective actions where required.
  • Ensure security documentation is accurately prepared, completed, registered and renewed as applicable;


Risk management:
  • Reviewing all written authorizations to ensure accuracy, completeness and clarity.
  • Follow-up for acceptance of client offers/documentation and address any problems, amendments, extensions, reporting to senior management where necessary;
  • Promptly and effectively address issues surrounding the adequacy, quality and completeness of loan documentation and security;
  • Adhere to regulatory and internal Bank policies and requirements;
  • Participate in meetings with customers, proactively identifying credit and other issues
  • Proactively identify problem accounts and negative trends.
  • Review accounts which are offside/overdrawn or in arrears and take action to regularize the account
  • Assist with client restructuring including obtaining additional security or realizing on collateral.

Operations Management:
  • Organizing work flows to maintain maximum efficiency
  • Preparing returns and correspondence in an accurate and timely manner.
  • Complying with regulatory requirements as part of the service process, including Know Your Client
  • (KYC), Canada Deposit Insurance Corporation (CDIC), Financial Consumer Agency of Canada
  • (FCAC), Anti-Money Laundering/Anti-Terrorist Financing (AML/ATF), Privacy and Occupational Health & Safety (OHS) requirements, processes and guidelines as well as SSI guidelines/processes;


Do you have the skills to enable you to be successful in this role? We would love to work with you if you have:

  • The incumbent must have 5 years Commercial or Retail banking experience, as well as an understanding of commercial credit principles;
  • University or community college degree preferred;
  • Must have a good understanding of tax, estate and financial planning and investment vehicles;
  • The incumbent must be able to relate comfortably with affluent and influential clientele in both a business and social content, demonstrating an ability to display a high degree of poise and professionalism at all times;
  • Fluency in Spanish is required


#SWM

Location(s): Canada : Ontario : Toronto

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.

About Scotiabank

Scotiabankers are committed to helping individuals, companies, and communities to thrive in a changing world. From personal and business banking, brokerage, and insurance, to private wealth, and the most sophisticated commercial, corporate and institutional services, they serve the diverse needs of some 21 million customers in more than 55 countries. Founded in 1832 in Halifax, Nova Scotia, their growth has always been fuelled by the success of their customers and their longevity secured by an unshakable commitment to carefully and expertly managing risk and capital. That focus on doing what's right for customers—short- andlong-term—has made us a global financial services leader. Headquartered in Canada, they are over 86, 000 Scotiabankers strong. Each of us are committed to being the best at understanding their customers' needs and all of us working together to deliver practical advice and relevant solutions that help their customers become financially better off.

Scotiabank Careers

Join Scotiabank, a premier financial institution, and become part of a diverse and inclusive team that’s leading the way in global banking. At Scotiabank, we offer more than just job opportunities; we provide a platform for professional growth and innovation in the financial services industry.

Work You’ll Do

At Scotiabank, we’re not just filling positions; we’re cultivating leaders. Dive into a workplace where diversity training and leadership development shape the path to your future. Our commitment to professional growth is evident in our robust training programs and continuous learning opportunities that foster innovation and strategic thinking.

Explore a World of Opportunities

Whether you’re looking for a full-time position, an internship, or a leadership role, Scotiabank has a spectrum of opportunities to fit your career ambitions. Our team is composed of individuals who bring a wealth of skills and perspectives to our company, driving us forward with their creativity and strategic insights.

Innovative Work Environment

Scotiabank’s culture is one of collaboration and respect, where each team member’s contribution is valued. Engage in meaningful work that challenges you to leverage your skills and push the boundaries of what’s possible in the banking sector. Our innovative projects not only support the growth of the company but also ensure our position as a leader in the industry.

Benefits and Growth

Choosing a career at Scotiabank means opting for a life of growth and opportunity. Our employees enjoy competitive benefits, including comprehensive health coverage, retirement plans, and flexible working conditions, all designed to support your career and personal life. We believe in nurturing our team’s potential by providing them with the tools they need to succeed both professionally and personally.

Join Our Team

Ready to take the next step in your career? Explore the job opportunities at Scotiabank by searching our open positions that match your skills and interests. We are continuously hiring and looking for passionate, curious, and solution-driven team players.

Networking and Professional Development

Stay connected and advance your career through Scotiabank’s extensive networking opportunities. Participate in events that connect you with other professionals and leaders within the industry. Our career resources will help you prepare your resume, ace your interviews, and land the job that best suits your career goals.

Stay Ahead

Keep up to date with the latest in career tips, industry insights, and company news—all from the people who work here at Scotiabank. Personalize your experience by subscribing to job alert emails tailored to your preferences and be the first to know about new openings and exciting developments. Join Scotiabank and be part of a team that values integrity, respect, and accountability. Discover how your career can flourish in an environment committed to your professional development and personal growth.
Learn more about Scotiabank
Size
90,619 employees
Market Cap
$57.5 billion
Industry
Finance & Insurance
5 Year Trend
+7%
NASDAQ
BNS
* Ladders Estimates

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