Senior Trust Settlement Officer (VP)

JPMorganChase; New York (NY); On-site; USD 190,000 - 230,000; Full time

Job summary

JPMorganChase's Wealth Management Solutions unit in New York seeks a Settlement Officer VP to oversee trust administration and the settlement process, coordinating daily with clients, internal partners, and outside intermediaries.

In this role, you will interpret governing instruments, determine settlement forms, manage risk, and work with tax, legal, and trust counsel to resolve issues, while pursuing cross-selling opportunities and supporting project-based initiatives.

Qualifications

• 7 + years of trust administration or settlement experience with direct client interactions
• Technical Knowledge - fiduciary, legal, accounting, tax and investments concepts
• Problem Solving/Risk Management - initiative, decisive, accountable, analytical
• Client Servicing - client knowledge, builds trust and confidence
• Teamwork/Personal Effectiveness - clear communication, time management, adaptability, delegation
• Cross Selling

Responsibilities

• Oversee the settlement of the trust, including distributions and coordination with investments, tax and operations.
• Interpret and apply the terms of the governing trust instrument to identify the individuals entitled to the funds.
• Determine the appropriate form of settlement to adequately protect the Bank, including the review of legal documents and accountings. Work with internal and/or trust counsel to resolve any legal issues that may arise.
• Communicate with interested parties. Address questions raised by remaindermen, co-trustees, trust counsel, counsel for remaindermen, and financial advisors for remaindermen.
• Work with remaindermen on any planning issues that may arise.
• Identify and avoid or minimize any unusual risk that might be incurred in connection with the terminating event consistent with applicable policies and procedures.
• Oversee investment decisions, including working with Investors.
• Work with JPMC's tax department and trust counsel to resolve tax issues, including fiduciary income taxation, estate taxation, and Generation Skipping Tax.
• Identify and pursue potential cross-selling opportunities working with Trust Officers, Bankers and Investors.
• Participate on projects relating to Trust & Estates internal practices and procedures.
• Participate in other projects and assignments as needed.

Skills

Trust administration

Settlement experience

Client servicing

Problem solving

Risk management

Teamwork

Cross selling

Education

Bachelor's Degree Required

JD Preferred

Job description

JPMorganChase's Wealth Management Solutions unit in New York seeks a Settlement Officer VP to oversee trust administration and the settlement process, coordinating daily with clients, internal partners, and outside intermediaries.

In this role, you will interpret governing instruments, determine settlement forms, manage risk, and work with tax, legal, and trust counsel to resolve issues, while pursuing cross-selling opportunities and supporting project-based initiatives.