Wealth Management, Trust & Estates, Trust Officer, Executive Director

JPMorgan Chase; New York (NY); On-site; USD 133,000 - 245,000; Full time

Job summary

An established industry player is seeking a Trust Officer to provide exceptional service to high net worth clients. In this role, you will leverage your extensive knowledge of trust law and client relationship management to oversee trust administration and ensure compliance with fiduciary standards. You will work collaboratively with clients and their advisors to develop tailored financial solutions while driving new business opportunities. This position offers a chance to grow within a prestigious firm that values diversity and fosters professional development. If you are passionate about making a difference in the lives of clients and have a strong background in trust services, this is the perfect opportunity for you.

Qualifications

• 7+ years of experience in Trust business at a corporate fiduciary or law firm.
• In-depth knowledge of fiduciary products, legal, tax and regulatory requirements.

Responsibilities

• Analyze trust documents and coordinate delivery of services.
• Develop relationships with beneficiaries and advisors to meet their needs.
• Partner with Wealth Advisors for new trust business opportunities.

Skills

Client Relationship Management

Trust Law Knowledge

Risk Management

Investment Management

Tax Knowledge

Education

Bachelor's Degree

MBA or Advanced Degree

J.D.

Job description

The J.P. Morgan Private Bank offers high net worth individuals and families personalized, comprehensive financial solutions that integrate sophisticated investment management, capital markets, trusts & estates and banking capabilities. For over 7 consecutive years we have been voted number 1 in the U.S. for overall private banking services by Euromoney, and we have been specifically recognized for our succession planning, advice and trust services.

The Global Trusts & Estates Practice is an integral part of the services we offer to clients. With over 160 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 JPMorgan is appointed as corporate trustee of a trust, whether created by a client during his lifetime or upon his death through a provision in his will, it is the Trust Officer's role to oversee the administration of the trust.

Job Responsibilities:

1. Technical and Risk Management:
   • 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).
   • 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.
   • Work with Tax Officers and trust counsel to resolve tax issues.
   • Knowledge of internal procedures involving discretionary distributions, account maintenance, account opening/closing, AAR and ARP process, and management of overdrafts - is a plus.
   • Address questions raised by beneficiaries, co-trustees and their advisors.
   • Ability to work in a team-based environment.
2. Client Relationship Management:
   • 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.
   • Ability to partner with client's other advisors (attorney, accountant); highly respected by external professional advisor community.
   • Develop, retain and deepen trust account relationships.
3. New Business:
   • Partnering 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.
4. Educational/Administrative:
   • The specialized and ever changing nature of the Trust practice requires that Trust Officers devote a significant amount of time to personal development and training.
   • Trust Officers are also required to assist in training and developing their Trust Administrative Officers and Professionals, including performance management and feedback.

Required Qualifications, Capabilities & Skills:

1. Bachelors Degree required
2. In-depth knowledge of all fiduciary products and services, including all legal, tax and regulatory requirements applicable to fiduciary relationships
3. 7 years of relevant experience focused in the Trust business; either at a corporate fiduciary or a law firm
4. Solid Client Relationship Management experience
5. MBA or other advanced degree is a plus; J.D. preferred

JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.

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.

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.

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

Base Pay/Salary: New York, NY $133,000.00 - $245,000.00 / year