Senior Manager, Wealth Management Taxation - National Tax Office

Requisition ID: 214291

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

Job Purpose:

The Senior Manager, Wealth Management Taxation plays a key role in supporting wealth advisors, planning specialists, and banking partners across Scotia Wealth Management by providing tax expertise and enhancing the delivery of the Total Wealth offering. The Senior Manager will be closely involved with key activities led by the Director. While many activities will be shared across the team, the incumbent will have specific accountabilities where they take a leading position.

Key Accountabilities:

Take a leading role related to the Advanced Planning and Services - Wealth Management Taxation team's thought leadership and article content creation by:

• Writing and developing tax thought leadership and article content for publication both internally and externally to be used by advisors, clients, and prospects;
• Working closely with colleagues to drive the planning around the development of new content and the related communications strategy;
• Writing and editing internal memos and bulletins regarding legislative tax changes, Federal Budget announcements, and tax planning best practices; and
• Reviewing content produced by advisors and other parts of the organization to ensure it is technically accurate and compliant with risk management guidelines.
  

Contribute to the effective delivery of tax educational sessions for Canadian Wealth Management by:

• Preparing and presenting tax education and training content for internal professional development purposes;
• Leading the facilitation of professional development activities for planning specialists with more advanced tax knowledge; and
• Leveraging industry contacts to identify external tax specialists to present to the Wealth Management Taxation team on emerging changes in tax legislation and interpretations that impact advisors, clients, and the business.
  

Enhance the delivery of the Total Wealth offering through the integration of advanced tax planning expertise by:

• Performing and discussing tax research with fellow team members to support advanced tax planning strategies to be highlighted to clients as part of their holistic wealth planning;
• Summarizing changes in tax legislation and interpretations that impact advisors, clients, and the business for discussion at team meetings, ensuring team members are fully abreast of current industry developments;
• Occasionally consulting and discussing with advisors pointed tax information and guidance for their high net worth (HNW) and ultra-high net worth (UHNW) clients highlighting options regarding tax, trust and estate, intergenerational wealth transfer, business transition and succession, insurance, philanthropy, and education planning strategies to consider, which may then be implemented with clients' own tax and legal advisors; and
• Continuously identifying opportunities to enhance the Wealth Management Taxation teams' service offerings.
  

Requirements:

• Excellent written and verbal communication and presentation skills with the ability to adapt communication style based on audience, taking complex technical tax and legal concepts and communicating them in plain language when necessary;
• Strong inclination towards strategic competencies - thinking, relationships, and influencing - that will support the ability to be innovative and evolve the Wealth Management Taxation offering;
• The incumbent must be well suited to working independently and within a team environment; and
• Some national travel will be required to attend internal meetings in support of the business as well as attend conferences.
  

The position requires a high degree of specialized knowledge and experience. The incumbent must be highly conversant on a variety of tax topics, including:

• Federal and Provincial income tax law pertaining to individuals, trusts, and private corporations;
• Taxation of Canadian Controlled Private Corporations (CCPCs) and their shareholders, and related planning issues such as business transition and succession, corporate reorganizations, intergenerational wealth transfer, and various corporate transactions;
• Tax issues related to individuals, estates and trusts, and applicable planning;
• Tax strategies involving the use of life insurance for individuals and their private corporations;
• Tax strategies related to philanthropy, leveraging, and education;
• Uses and issues related to legal documents, such as wills, power of attorneys, trust agreements, shareholder agreements, franchise agreements, etc.);
• The ability to read and interpret financial statements and personal, trust, and corporate income tax and information returns; and
• Knowledge of U.S. income taxation and related issues.

The ideal candidate must have the following:

• University degree;
• Professional designation (e.g., CPA, LLB);
• CPA Canada In-Depth Tax Program or MTax degree; and
• At least 7 years of experience in a professional organization providing tax planning and compliance for HNW and UHNW clients.

It is preferable that the ideal candidate have the following:

• Other professional designations (e.g., TEP, CFP, CLU);
• In-Depth Tax Issues for the Owner-Managed Business course;
• Solid understanding of financial products and services they are helping advisors to support; and
• Solid knowledge of marketplace and competitive practices.
  

Work Location: Anywhere in Canada

Location(s): Canada : Ontario : Toronto || Canada : Alberta : Calgary || Canada : Alberta : Edmonton || Canada : British Columbia : Vancouver || Canada : Nova Scotia : Halifax || Canada : Ontario : Ottawa || Canada : Quebec : Montreal

Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.

At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. If you require technical assistance, please click here. 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.