Job Description

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:

• 7 + years of trust administration or settlement experience with direct client interactions
• Bachelor's degree required and JD preferred
• 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

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