Wealth Management Solutions, Trust & Estates, Trust Officer - VP

TwinThread; Newark (DE); On-site; USD 95,000 - 130,000; Full time

Benefits offered by this job

Comprehensive health care coverage

Retirement savings plan

Tuition reimbursement

Job summary

TwinThread is seeking a Trust Officer VP in Wealth Management Solutions, part of its Global Trusts & Estates Practice. In this role, you will oversee trust administration, analyze trust documents, and develop relationships with beneficiaries and advisors. You will partner with Wealth Advisors to drive new trust business and enhance existing client relationships.

The ideal candidate should have a Bachelor’s Degree, 7+ years of experience in fiduciary services, and a strong grasp of trust law and tax regulations. Comprehensive benefits and competitive compensation await the right individual.

Qualifications

• In-depth knowledge of legal, tax, and regulatory requirements applicable to fiduciary relationships.
• Minimum of 7 years of relevant experience in the Trust business.
• Comprehensive understanding of tax implications and planning for clients.

Responsibilities

• Oversee trust administration and analyze legal and tax documents.
• Make recommendations on discretionary powers as a trustee.
• Develop relationships with beneficiaries and advisors.

Skills

Fiduciary products knowledge

Trust law expertise

Client relationship management

Education

Bachelor’s Degree

MBA or J.D. (preferred)

Job description

The Global Trusts & Estates Practice is an integral part of the services we offer to clients. With over 170 years of experience in serving as a corporate fiduciary for families, it is important that our Trusts and Estates services are delivered by the most capable people, with technical experience as well as the ability to interact well with a variety of types of families and individuals. When J.P. Morgan is appointed as corporate trustee of a trust, whether created by a client during their lifetime or upon their death through a provision in their will, it is the Trust Officer's role to oversee the administration of the trust.

Job Summary

As a Trust Officer VP in Wealth Management Solutions, Trust & Estates, you will be an integral part of our Global Trusts & Estates Practice. 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 will be crucial in maintaining our reputation as a leading global financial services firm.

Job 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

Required Qualifications, Skills and Capabilities

• Bachelor’s Degree required
• In‑depth knowledge of all fiduciary products and services, including all legal, tax and regulatory requirements applicable to fiduciary relationships
• Minimum of 7 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

Preferred Qualifications, Skills and Capabilities

• MBA or other advanced degree is a plus; J.D. preferred
• Knowledge of internal procedures involving distributions, account maintenance, account opening/closing, Investment Systems and Annual Reviews, and management of overdrafts - is a plus

We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission‑based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on‑site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.

JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans.