Wealth Management, Trust and Estates, Trust Settlement Officer VP

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 Effectiv...