Trust Officer - Private Bank, Newark, DE
Location: Newark, Delaware
Description: JPMorgan Chase & Co. is looking of Trust Officer - Private Bank, Newark, DE right now, this position will be settled in Delaware. For detail informations about this position opportunity kindly read the description below. 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:
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. Salary: . Date posted: 08/24/2012
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If you were eligible to this position, please give us your resume, with salary requirements and a resume to JPMorgan Chase & Co..
Interested on this position, just click on the Apply button, you will be redirected to the official website
This position will be started on: Sun, 26 Aug 2012 00:34:58 GMT
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