JPMorganChase
Wealth Management Solutions, Trust & Estates, Trust Officer VP
JPMorganChase, Newark, Delaware, United States, 19711
Wealth Management Solutions, Trust & Estates, Trust Officer VP – JPMorganChase
The Global Trusts & Estates Practice is an integral part of the services we offer to clients. With over 170 years of experience as a corporate fiduciary for families, our Trusts and Estates services are delivered by capable people who combine technical expertise with the ability to interact well with a variety of families and individuals. When JPMorganChase 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, the Trust Officer’s role is 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 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 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. We do not discriminate on the basis of protected attributes and provide reasonable accommodations for applicants and employees as needed. JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans.
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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 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 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. We do not discriminate on the basis of protected attributes and provide reasonable accommodations for applicants and employees as needed. JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans.
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