Fiduciary New Business Advisor

CIBC Trust Administration Role

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.

What You'll Be Doing

Reporting to the Director of Trust Administration, you will be responsible for the pre-acceptance review of new trust business where CIBC National Trust Company ("NTC") or CIBC Delaware Trust ("DTC") is being asked to serve as Trustee.

Work with Private Wealth Relationship Managers and Business Development Officers to review potential new trust business and determine whether NTC or DTC can accept a prospective new account.

Responsible for the timely pre-acceptance review of new trust business where NTC or DTC is being asked to serve as trustee. As part of this responsibility, you will :

• Analyze the trust agreement, and related governing documentation, to determine risks and limitations with the trust agreement (and / or governing documentation) and to identify potential solutions and determine whether NTC or DTC can accept its appointment as trustee.
• Review information related to the account, such as the trust account's assets and account activity, to identify issues and other information that may be pertinent to NTC or DTC's decision to accept its appointment as trustee.
• Obtain and assess information about trust beneficiaries, fiduciaries and other interested parties.
• Identify information and documentation that is necessary to open a potential account, including but not limited to account opening documentation, appointment paperwork and information related to BSA / AML obligations.
• Determine how the account should be set up on the trust accounting system to allow for proper account administration.

Partner with Private Wealth colleagues to perform this pre-acceptance review and ultimately determine whether NTC or DTC can accept a prospective account. This includes, but is not limited to :

Present new business opportunities to NTC or DTC's committee system for review and potential acceptance.

Develop and maintain a strong partnership with Relationship Managers, Business Development Officers, Fiduciary colleagues and other members of Private Wealth.

Work with external parties related to the trust account including but not limited to client's counsel, NTC or DTC counsel and interested parties to the prospective account, including account fiduciaries, beneficiaries or other interested parties.

Develop new business-related policies, procedures, documentation, controls and other standards and best practices.

Train and communicate new business requirements, processes and other related information to Private Wealth colleagues.

Understand fundamental responsibilities of a regulated Bank Trust company, including but not limited to 12.C.F.R.9 and obligations under the Bank Secrecy Act.

Who You Are

What CIBC Offers

At CIBC, your goals are a priority. We start with your strengths and ambitions as an employee and strive to create opportunities to tap into your potential. We aspire to give you a career, rather than just a paycheck.

What You Need to Know

Job Location

IL - 181 W Madison

Employment Type

Regular

Weekly Hours

40

Skills

Analytical Thinking, Communication, Customer Experience (CX), Estate Accounts, Group Problem Solving, People Management, Power of Attorney (POA), Trust Services, Work Collaboratively