Trust Officer - Private Bank, Newark, DE
Location: Newark, Delaware
Description: JPMorgan Chase is at present looking to employ Trust Officer - Private Bank, Newark, DE right now, this occupation will be assigned in Delaware. More details about this occupation opportunity please read the description below. -
120054471
Job Description
Private Bank - Trust Officer
JP 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 investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management and private equity.
J.P. Morgan is a global leader in asset and wealth management services. We serve four distinct client groups through three businesses: institutions and retail clients through J.P. Morgan Asset Management; ultra high net worth clients through the Private Bank; and high net worth clients through Private Wealth Management. With assets under supervision of $1.7 trillion and assets under management of $1.2 trillion, we are one of the largest asset and wealth managers in the world.
J.P. Morgan Private Banking, which includes both the Private Bank and Private Wealth Management businesses, offers individuals and families personalized, comprehensive financial solutions that integrate sophisticated investment management, capital markets, trust and banking capabilities and was recognized in February 2010 by Euromoney as the #1 Private Bank for High Net Worth and Ultra High Net Worth individuals in the United States. We have more than 1,800 client advisors in 120 offices in 11 countries and 25 states.
J.P. Morgan Trust Company of Delaware is a premier provider of trust services for clients globally, utilizing the various advantages under Delaware law for trusts. We are fully staffed in Delaware with over 30 people, many of whom are trust professionals with advanced degrees and / or prior experience in the private practice of trust law.
Primary Function:
As part of our team of specialists, the Senior Trust Officer provides 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
Qualifications
Qualifications:
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 strongly preferred
JPMorgan offers an exceptional benefits program and a highly competitive compensation package. JPMorgan Chase is an Equal Opportunity and Affirmative Action Employer, M/F/D/V.
Job
Trust and Fiduciary Services
Primary Location
US-DE-Newark-CC Commons Bldg / 00771
Organization
Asset & Wealth Management
Schedule
Full-time
Job Type
Standard
Shift
Day Job
Employee Status
Regular
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If you were eligible to this occupation, please give us your resume, with salary requirements and a resume to JPMorgan Chase.
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This occupation starts available on: Fri, 24 Aug 2012 07:58:28 GMT
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