Wealth Management Solutions, Trust & Estates, Trust Settlement Officer Team Lead

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 Team Lead/Settlement Officer ED in Wealth Management Solutions, Trust & Estates, you will oversee a team of Settlement Administrators, the administration of the trusts, prepare settlement documents, and assign accounts.

In this role you will interact with your team, 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:


* Manage of team of Administrators.


* Prepare settlement documents.


* Review and assign accounts to our team of Officers.


* As needed, oversee the settlement of new and existing trusts 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.


* Evaluate the team to determine strengths and opportunities.


* 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 M...