Wealth Management Solutions, Trust & Estates - Trust Officer, Vice President - JPMorgan Chase
Rochester, NY
About the Job
Come join a great team at a leading financial firm.
As a Trust Officer VP in Wealth Management Solutions, you will be responsible for overseeing the administration of trusts, developing relationships with beneficiaries and advisors, and ensuring the trust's investment objectives align with the needs of the trust and applicable fiduciary law. You will also work closely with Tax Officers and trust counsel to resolve tax issues and partner with Wealth Advisors for new trust business. This role provides an opportunity to apply your comprehensive knowledge of trust law, gifting techniques, and taxation in a team-based environment.
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)
+ 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
+ Work with Tax Officers and trust counsel to resolve tax issues
+ Address questions raised by beneficiaries, co-trustees and their advisors
+ Ability to partner with client's other advisors (attorney, accountant); highly respected by external professional advisor community
+ Develop, retain and deepen trust account relationships
+ 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-sell JPM products/services; maintain and develop strategies for increasing business with current clients; professional advisor cultivation
+ Reading the fiduciary materials which are circulated to each Trust Officer, attending in-house and external seminars and taking required Proficiency Training courses offered internally on a quarterly basis
+ Assist in training and developing their Trust Administrative Officers and Professionals, including performance management and feedback
Required qualifications, skills and capabilities
+ Bachelor's Degree required; MBA or other advanced degree is a plus
+ In-depth knowledge of all fiduciary products and services, including all legal, tax and regulatory requirements applicable to fiduciary relationships
+ Relevant experience focused in the Trust business; either at a corporate fiduciary or a law firm
+ Solid Client Relationship Management experience
Preferred qualifications, skills and capabilities
+ Bachelor's Degree required; MBA or other advanced degree is a plus
+ JD preferred
+ Knowledge of internal procedures involving distributions, account maintenance, account opening/closing, Investment Systems and Annual Reviews, and management of overdrafts - is a plus
JPMorgan Chase & Co., 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 is an Equal Opportunity Employer, including Disability/Veterans
Base Pay/Salary
Rochester,NY $95,000.00 - $175,000.00 / year
As a Trust Officer VP in Wealth Management Solutions, you will be responsible for overseeing the administration of trusts, developing relationships with beneficiaries and advisors, and ensuring the trust's investment objectives align with the needs of the trust and applicable fiduciary law. You will also work closely with Tax Officers and trust counsel to resolve tax issues and partner with Wealth Advisors for new trust business. This role provides an opportunity to apply your comprehensive knowledge of trust law, gifting techniques, and taxation in a team-based environment.
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)
+ 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
+ Work with Tax Officers and trust counsel to resolve tax issues
+ Address questions raised by beneficiaries, co-trustees and their advisors
+ Ability to partner with client's other advisors (attorney, accountant); highly respected by external professional advisor community
+ Develop, retain and deepen trust account relationships
+ 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-sell JPM products/services; maintain and develop strategies for increasing business with current clients; professional advisor cultivation
+ Reading the fiduciary materials which are circulated to each Trust Officer, attending in-house and external seminars and taking required Proficiency Training courses offered internally on a quarterly basis
+ Assist in training and developing their Trust Administrative Officers and Professionals, including performance management and feedback
Required qualifications, skills and capabilities
+ Bachelor's Degree required; MBA or other advanced degree is a plus
+ In-depth knowledge of all fiduciary products and services, including all legal, tax and regulatory requirements applicable to fiduciary relationships
+ Relevant experience focused in the Trust business; either at a corporate fiduciary or a law firm
+ Solid Client Relationship Management experience
Preferred qualifications, skills and capabilities
+ Bachelor's Degree required; MBA or other advanced degree is a plus
+ JD preferred
+ Knowledge of internal procedures involving distributions, account maintenance, account opening/closing, Investment Systems and Annual Reviews, and management of overdrafts - is a plus
JPMorgan Chase & Co., 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 is an Equal Opportunity Employer, including Disability/Veterans
Base Pay/Salary
Rochester,NY $95,000.00 - $175,000.00 / year
Source : JPMorgan Chase