Trusts & Estates VP: Fiduciary Strategy & Client Advisory

JPMorgan Chase

Chicago (IL)

On-site

USD 110,000 - 190,000

Full time

14 days+

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Job summary

JPMorganChase in Chicago is seeking a Junior Trust Officer VP in Wealth Management Solutions, Trust & Estates. You will oversee the administration of trusts, analyze trust documents for legal, tax, administrative and investment issues, and develop relationships with beneficiaries and advisors.

You will also partner with Wealth Advisors for new trust business and cross-selling of JPM products/services. Your role supports our Global Trusts & Estates Practice by maintaining fiduciary duties and

Qualifications

Bachelor's Degree required.
In-depth knowledge of all fiduciary products and services, including all legal, tax and regulatory requirements applicable to fiduciary relationships.
Ideally 5 - 8 years of relevant experience focused in the Trust business; either at a corporate fiduciary or a law firm.
Comprehensive knowledge of trust law, gifting techniques, income, transfer, and generation skipping taxation, with ability to apply that knowledge to client specific planning exercises and account administration.

Responsibilities

Analyze trust documents for legal, tax, administrative and investment issues and coordinate delivery of services
Make recommendations regarding how the Bank shall exercise discretionary powers it has as trustee
Oversee investment decisions, including working with investors to ensure that the trust's investment objective is appropriate for the needs of the trust and applicable fiduciary law and that the trust is invested in accordance with its investment guidelines (Mandate)
Work with Tax Officers and trust counsel to resolve tax issues
Address questions raised by beneficiaries, co-trustees and their advisors
Work in a team-based environment
Develop relationships with beneficiaries and advisors in order to have appropriate knowledge to carry out the grantor's purposes and meet the needs of the beneficiaries. Trust Officers have responsibility to maintain current information on beneficiaries and their changing needs and circumstances in order to prudently carry out the firm's fiduciary duties and to provide superior client services
Partner with Wealth Advisors with respect to the vetting and pricing of new trust business, including developing a full understanding of the purposes of the trust, the nature of JPM's role, the risks inherent in the structure and underlying assets, and the client's expectations
Cross-selling of JPM products/services; maintain and develop strategies for increasing business with current clients; professional advisor cultivation