J.P. Morgan Asset & Wealth Management, with client assets of $2.8 trillion, is a global leader in investment and wealth management. Its clients include institutions, high-net-worth individuals and retail investors in every major market throughout the world. The division offers investment management across all major asset classes including equities, fixed income, alternatives, multi-asset and money market funds. For individual investors, the business also provides retirement products and services, brokerage and banking services including trusts and estates, loans, mortgages and deposits.
Job Summary:
As a Settlement Officer VP in Wealth Management Solutions, Trust & Estates, you will oversee the administration of the trust. You will assume the primary responsibility for the settlement of a trust including daily interaction with clients, internal partners, and outside intermediaries. This role provides an opportunity to work with a diverse team and engage in problem-solving and risk management activities.
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Job 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.
Required qualifications, capabilities and skills:
- Relevant years of trust administration or settlement experience with direct client interactions
- Technical Knowledge - strong understanding of fiduciary, legal, accounting, tax and investments concepts
- Problem Solving/Risk Management - takes initiative, decisive, accountable, exhibits critical analysis and judgment
- Client Servicing - client knowledge, gains the trust and confidence of clients
- Teamwork/Personal Effectiveness - clear and concise communication, time management, adaptability, ability to delegate, coach and train
- Cross Selling
Preferred qualifications, capabilities and skills
- Bachelor's Degree and JD preferred.
ABOUT US
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. For those in eligible roles, we offer discretionary incentive compensation which may be awarded in recognition of firm performance and 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
ABOUT THE TEAM
J.P. Morgan Asset & Wealth Management delivers industry-leading investment management and private banking solutions. Asset Management provides individuals, advisors and institutions with strategies and expertise that span the full spectrum of asset classes through our global network of investment professionals. Wealth Management helps individuals, families and foundations take a more intentional approach to their wealth or finances to better define, focus and realize their goals.