AWM- Trust & Estates Administrator , VP

JPMorgan Chase & Co. • Newark, DE

3d

About The Position

As a Trust Administrator within J.P. Morgan Asset & Wealth Management’s Global Trusts & Estates Practice, you will work under the supervision of a Trust Officer to administer trust and estate accounts. The role includes setting up account records, communicating with beneficiaries and co-trustees, and managing ongoing account administration. You will also support risk management, client relationship management, personal development, and training. The position offers the opportunity to develop expertise in the trust and estates industry, serve a diverse range of clients, and contribute to the firm’s work as a corporate fiduciary for families.

J.P. Morgan Asset & Wealth Management serves institutions, high-net-worth individuals, and retail investors worldwide, providing investment management across major asset classes and services for individuals that include retirement products, brokerage, banking, trusts and estates, loans, mortgages, and deposits.

Requirements

• Bachelor’s degree required.
• Relevant years of experience in the trust and estates industry.
• Experience administering and supporting trusts and estates, including a general understanding of fiduciary products and concepts and knowledge of legal, tax, and investment matters.
• Client servicing capabilities, including client knowledge, relationship management, and proactive communication.
• Teamwork and personal effectiveness, including clear and concise communication, time management, adaptability, delegation, coaching, and training.

Nice To Haves

• Knowledge of trust and estate law and income, transfer, and generation-skipping taxation, with the ability to apply that knowledge to post-mortem planning exercises and account administration.
• An advanced degree such as a JD, an industry certification such as Certified Trust and Financial Advisor (CTFA), or a paralegal certificate; paralegal experience in trust and estate practice.

Responsibilities

• Work with the Account Opening Group to open estate or trust accounts.
• Interpret governing instruments and applicable law to set up account records, including payments, fee schedules when appropriate, and tax records; communicate administrative procedures to beneficiaries and co-executors or co-trustees.
• Analyze wills and trust documents for legal, tax, administrative, and investment issues, and coordinate delivery of services.
• Manage ongoing account administration and proactively oversee the account base to avoid or minimize service and operational issues.
• Work with Tax Officers and trust counsel to resolve tax issues.
• Assist the Trust Officer in maintaining current information about beneficiaries and their changing needs and circumstances to support fiduciary duties and client service.
• Assist the Trust Officer in partnering with clients’ other advisors, including attorneys and accountants, and maintain relationships with the external professional advisor community.
• Develop, retain, and deepen client relationships.
• Assist the Trust Officer and partner with Wealth Advisors, Bankers, Investors, and Trust Officers to grow the trust and estate business.
• Participate in team discussions and strategy for structuring, pricing, and closing trust and estate services, including estates, family trusts, charitable trusts, and specialized Delaware trusts.

Benefits

• Competitive total rewards package, including base salary determined by role, experience, skill set, and location.
• Eligible roles may receive commission-based pay and/or discretionary incentive compensation in cash and/or forfeitable equity.
• Comprehensive health care coverage.
• On-site health and wellness centers.
• Retirement savings plan.
• Backup childcare.
• Tuition reimbursement.
• Mental health support.
• Financial coaching.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior