4 days old

Asset & Wealth Management - Private Bank Trust Officer, Vice President - Miami / Palm Beach

JPMorgan Chase & Co.
Palm Beach, FL 33480
  • Job Code

Asset & Wealth Management - Private Bank Trust Officer, Vice President - Miami / Palm Beach

Req #: 190082856_1
Location: Palm Beach, FL, US
Job Category: Asset Management
Potential Referral Amount: 0 US Dollar (USD)
J.P. Morgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of more than $2 trillion and operations in more than 60 countries. We serve millions of U.S. consumers and many of the world's most prominent corporate, institutional and government clients. We are a leader in asset management, wealth management, investment banking, private equity, financial services for consumers, financial transaction processing, small business and commercial banking.
The J.P. Morgan Private Bank offers ultra-high net worth individuals and families personalized, comprehensive financial solutions that integrate sophisticated investment management, capital markets, trusts & estates and banking capabilities. For over 7 consecutive years we have been voted number 1 in the U.S. for overall private banking services by Euromoney, and we have been specifically recognized for our succession planning, advice and trusts.
The Global Trusts & Estates Practice is an integral part of the Private Bank offering, delivering enduring fiduciary expertise and comprehensive oversight to protect the legacy of our clients. Over the last 160 years, we have been serving the world’s wealthiest families as wealth advisor, trustee and investor. We have over 600 fiduciary professionals, located in 19 states and 4 countries, administering over $150 billion in fiduciary assets in the U.S., Europe, Asia and Latin America. J.P. Morgan is one of the few firms to have - on staff - full teams of professionals experienced in, and dedicated to: estate administration, trust administration, investment management, tax compliance and administration, philanthropy and grant administration, administration of GRATs and management of specialty assets.
Primary Function:
  • As part of our team of specialists, provide expert structuring and administration of trusts to our most complex clients.
  • Work with Wealth Advisors, Bankers and Investors to grow the trust business.  This includes structuring, pricing and closing trust services including:  family trusts, charitable trusts, and specialized Delaware trusts
  • Work with clients and clients' attorneys and other professional advisors to structure and price new trust business
  • Develop, retain and deepen trust account relationships
  • Manage complex trust book with attention to risk management issues, including: discretionary actions; on-going tax planning;  communication with co-trustees, beneficiaries, and professional advisors; coordination of investment dialogue
  • Responsible for deepening and strengthening client relationships with JPMorgan
  • Communicate with clients to understand their trust needs and provide superior client service
  • Provide guidance to junior staff
The successful Candidate will have:
  • 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
  • Strong client service skills and ability to resolve problems
  • Knowledge of internal procedures involving discretionary distributions, account maintenance,  account opening/closing, ARU and management of overdrafts - is a plus
  • Ability to partner with client's other advisors (attorney, accountant); highly respected by external professional advisor community
  • Demonstrated understanding of wealth management including, but not limited to: investing, credit, deposits and financial planning
  • Ability to work in a team based environment
Position Requirements:
  • Seven plus years trusts and estates experience
  • Must possess an expert understanding of trust products
  • Bachelors degree required; MBA or other advanced degree is a plus; JD preferred

Keyword: consumer%20banking


Posted: 2019-09-11 Expires: 2019-10-11

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Asset & Wealth Management - Private Bank Trust Officer, Vice President - Miami / Palm Beach

JPMorgan Chase & Co.
Palm Beach, FL 33480

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