Associate Private Banker

ScotiaMcLeod, a cornerstone of Scotia Wealth Management, is a full-service wealth management firm with a proud history dating back to 1921. Known for service excellence, trusted advice, and a collaborative culture, we’re committed to helping clients grow and protect their wealth by understanding their complete financial picture—life, family, business, and future.

Our signature Enriched Thinking approach brings together investment, wealth planning, and advisory specialists to deliver truly personalized solutions. You’ll be supported by an innovative, team-based environment that values integrity, client focus, and continuous growth.
At ScotiaMcLeod, you’re not just building a career—you’re joining a firm where ideas spark, collaboration thrives, and you’re empowered to reach your full potential while making a real impact in your clients' lives.

Contributes to Private Banking’s success through sound advice and administration of a Private Banking team’s assigned households. Delivers exceptional personal service and is responsible for the day-to-day management of retail and small business solutions, identifying opportunities that meet clients’ immediate and future financial needs, and deepening client relationships .

Developing a full knowledge and understanding of Bank products, services, processes and policies
Providing effective backup management in the absence of the Private Banker.

Accompanying Private Bankers on client meetings and calls as required.
Providing end-to-end ownership over advice-based solutions including account opening, investments, credit cards, lines of credits and mortgages
Support the Private Banking team’s designated portfolio of less complex credits by:

Developing a thorough knowledge and understanding of commercial and retail credit principles
Participating in the thorough evaluation of the client’s borrowing needs and strategies, income sources and capacity to formulate a succinct credit proposal for adjudication
Exercising sound judgement and financial analysis when granting loans within authorized limits.
Administering Total Wealth product solutions, including Online Loans and Private Banking Overdraft Facilities.
Monitoring financial status and proactively identifying unfavourable trends, escalating as required.

Minimize the Bank’s exposure to risk by:

Contributing to operational excellence and a satisfactory Branch audit.
Staying current on retail lending compliance, regulatory compliance, and custody requirements and changes.
Adhering to compliance with regulatory activities and guidance over Occupational Health & Safety.
Ensuring strict adherence to Bank security procedures, including retail lending policies and processes, assigned authorities and limits.
Escalating fraudulent activities, unusual occurrences, issues/deficiencies/trends to your direct supervisor and/or Team Lead and/or AML and/or Branch Compliance Officer (BCO) and/or Chief Compliance Officers and/or applicable Shared Services Department as appropriate.
Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions:

Adhere to compliance with regulatory activities and guidelines as part of the sales process, including Privacy, Anti-Money Laundering (AML), Anti-Terrorist Financing, Financial Consumer Agency of Canada (FCAC), Know Your Customer (KYC), Canadian Deposit Insurance Corporation (CDIC), Mutual Fund Dealer Association (MFDA) rules, regulations and policies, as well as Scotia Securities Inc. (Thorough knowledge of all retail product solutions, services and credit principles.
Thorough understanding of tax, estate, financial planning and investment vehicles.
Ability to engage with affluent and influential clientele in both business and social
ability to develop solid partner and client relationships.
Strong computer skills and ability to learn and navigate a variety of Bank systems.
Ongoing development of your skills will be facilitated through the national head office team with continued business development and specialized credit knowledge facilitated through successful Private Bankers and Team Leads.

3-5 years Retail or Commercial banking experience.

• University or community college degree preferred.
• The successful completion of a course of study that will enable registration with the appropriate provincial securities commission to obtain a license to sell mutual funds.

Work in a standard office-based environment, but there is a risk of exposure to hold-ups, extortion, etc. however, limited travel may be required for client meetings. In addition to French, the successful candidate must also have sufficient knowledge of English, as the work involves interacting and collaborating regularly with groups and individuals based in Toronto, as well as constantly interacting with other people, including clients, who speak English, locally and elsewhere.”

#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. Candidates must apply directly online to be considered for this role.