Wealth Management Solutions, Trust & Estates, Settlement Officer VP
Aumni
Job Description
You will oversee the administration of the trust. When a terminating event occurs, such as a death or revocation, the responsibility for the settlement of the trust is transferred to the Trust Settlement Group and then assigned to a Settlement Officer. You will assume the primary responsibility for the settlement of a trust including daily interaction with clients, internal partners, and outside intermediaries.
Job Responsibilities:
- You will 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, Skills and Capabilities
- Relevant years of trust administration or settlement experience with direct client interaction.
- Bachelor’s Degree 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
About Us
We offer a competitive total rewards package including base salary determined based on the role, experience, skill set, and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation awarded in recognition of 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