Job Location : New York,NY, USA
JobID: 210560539
Category: Fiduciary
JobSchedule: Full time
Posted Date: 2024-10-28T14:48:10+00:00
JobShift:
Base Pay/Salary: New York,NY $100,000.00-$150,000.00
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.
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.