AWM- Trust Officer, VP

JPMorganChase • Newark, NJ

13d

About The Position

The Global Trusts & Estates Practice provides corporate fiduciary services to families. When J.P. Morgan is appointed as corporate trustee, the Trust Officer oversees trust administration. In Wealth Management Solutions, Trust & Estates, the Trust Officer analyzes trust documents, oversees the administration and investment of trusts, and builds relationships with beneficiaries and advisors. The role also partners with Wealth Advisors on new trust business and cross-selling JPMorgan products and services.

Requirements

• Bachelor's degree required.
• In-depth knowledge of fiduciary products and services, including legal, tax, and regulatory requirements applicable to fiduciary relationships.
• At least 7 years of relevant experience focused in the Trust business, at either a corporate fiduciary or a law firm.
• Comprehensive knowledge of trust law, gifting techniques, and income, transfer, and generation-skipping taxation, with the ability to apply that knowledge to client-specific planning and account administration.

Nice To Haves

• MBA or other advanced degree is a plus; J.D. preferred.
• Knowledge of internal procedures involving distributions, account maintenance, account opening and closing, Investment Systems and Annual Reviews, and management of overdrafts.

Responsibilities

• Analyze trust documents for legal, tax, administrative, and investment issues, and coordinate delivery of services.
• Recommend how the Bank should exercise discretionary powers as trustee.
• Oversee investment decisions, including working with investors to ensure trust objectives suit the trust's needs and applicable fiduciary law, and that investments follow the trust's 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, maintain current information about beneficiaries and their changing needs and circumstances, and carry out the grantor's purposes and the firm's fiduciary duties while providing client service.
• Partner with Wealth Advisors to vet and price new trust business, including understanding the trust's purposes, JPMorgan's role, risks inherent in the structure and underlying assets, and client expectations.
• Cross-sell JPMorgan products and services, develop strategies to increase business with current clients, and cultivate professional advisors.

What This Job Offers

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