

Head, Corporate Trust POST NUMBER: 455453
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?
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Great benefits
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Leadership opportunity
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Mentorship
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Collaborative culture
About the Opportunity?
Provide strategic leadership to the growth and operations of the Corporate Trust Function
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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.
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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
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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.
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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,
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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
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Oversee and develop pricing guidelines and template fee schedules with the leadership team
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Proactively manage the financial health of the business unit, including setting and meeting budgets and growth targets and managing expenses.
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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
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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
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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.
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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.
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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
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Mentor and lead a team of professional Corporate Trust Officers and Managers.
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Set direction and objectives for the managers to achieve
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Coach and mentor senior employees in leadership and technical skills, so they can better serve the company’s clients and shareholders
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Build strong future succession and resilience within the team
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Engage, inspire and empower team members to balance business objectives and needs
Build and maintain a positive brand in the industry for the company
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Build relationships with clients and peers within the corporate trust industry for purposes of enhancing business effectiveness
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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?
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University degree in Business, Finance, or LLB strongly prioritized
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10 - 15 years of experience in Trust Services, in progressive leadership roles
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Experience with OSFI-regulated financial entities an asset
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Trust Course Institute or Canadian Bankers Association courses relevant to transfer agency and corporate trust businesses a strong asset
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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.
EEO Notice
Vaco by Highspring is an Equal Opportunity Employer and does not discriminate against any employee or applicant for employment because of race (including but not limited to traits historically associated with race such as hair texture and hair style), color, sex (includes pregnancy or related conditions), religion or creed, national origin, citizenship, age, disability, status as a veteran, union membership, ethnicity, gender, gender identity, gender expression, sexual orientation, marital status, political affiliation, or any other protected characteristics as required by federal, state or local law.
Vaco by Highspring and its parents, affiliates, and subsidiaries are committed to the full inclusion of all qualified individuals. As part of this commitment, Vaco by Highspring and its parents, affiliates, and subsidiaries will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact HR@vaco.com .
Vaco by Highspring also wants all applicants to know their rights that workplace discrimination is illegal.
By submitting to this position, you agree that you will be giving Vaco by Highspring the exclusive right to present your as a candidate for the foregoing employment opportunity. You further agree that you have represented information about yourself accurately and have not affirmatively misrepresented your qualifications. You also agree to maintain as confidential, to the fullest extent permitted by law, any information you learn from Vaco by Highspring about the position and you will limit disclosure of information about the position only to the extent necessary to perform any obligations in furtherance of your application. In exchange, Vaco by Highspring agrees to exercise reasonable efforts to represent you through all solicitation, job screening and resume dispersal.
Privacy Notice
Vaco by Highspring and its parents, affiliates, and subsidiaries (“we,” “our,” or “Vaco by Highspring”) respects your privacy and are committed to providing transparent notice of our policies.
- California residents may access Vaco by Highspring HR Notice at Collection for California Applicants and Employees here.
- Virginia residents may access our state specific policies here.
- Residents of all other states may access our policies here.
- Canadian residents may access our policies in English here and in French here.
- Residents of countries governed by GDPR may access our policies here.
Pay Transparency Notice
Determining compensation for this role (and others) at Vaco by Highspring depends upon a wide array of factors including but not limited to:
- the individual’s skill sets, experience and training;
- licensure and certification requirements;
- office location and other geographic considerations;
- other business and organizational needs.
With that said, as required by local law, Vaco by Highspring believes that the following salary range referenced above reasonably estimates the base compensation for an individual hired into this position in geographies that require salary range disclosure. The individual may also be eligible for discretionary bonuses.