Wealth Management -Trusts & Estates, Trust Officer - Vice President (Visalia)

J.P. Morgan in Visalia, CA

  • Industry: Legal - Attorney - Corporate
  • Type: Full Time
  • $161,255.00 - 161,255.00
position filled

Wealth Management -Trusts & Estates, Trust Officer - Vice President

Job Description

J.P. Morgan Chase & Co. is a leading global financial services firm with assets of more than $2 trillion, over 260,000 employees and operations in over 60 countries. It operates across four business segments including Asset & Wealth Management, Corporate and Investment Banking Commercial Banking, Consumer and Community Banking.

Through collaboration, intellectual curiosity and creativity, you can accomplish extraordinary things at J.P. Morgan.

Our people do outstanding work by partnering with clients and each other to generate positive change in our local and global communities every single day. We are committed to your growth and development.

We offer opportunities across all of our businesses that can take you in any direction you want to go and leaders who will support you in getting there.

The J.P. Morgan Private Bank offers high net worth individuals and families personalized, comprehensive financial solutions that integrate sophisticated investment management, capital markets, trusts & estates and banking capabilities. For over 7 consecutive years we have been voted number 1 in the U.S. for overall private banking services by Euromoney, and we have been specifically recognized for our succession planning, advice and trust services.

The Global Trusts & Estates Practice is an integral part of the services we offer to clients. With over 160 years of experience in serving as a corporate fiduciary for families, it is important that our Trusts and Estates services are delivered by the most capable people, with technical experience as well as the ability to interact well with a variety of types of families and individuals. When J.P. Morgan is appointed as corporate trustee of a trust, whether created by a client during his lifetime or upon his death through a provision in his will, it is the Trust Officer's role to oversee the administration of the trust.
The responsibilities of this role are as follows:

Technical and Risk Management
Analyze trust documents for legal, tax, administrative and investment issues and coordinate delivery of services.

Make recommendations regarding how the Bank shall exercise discretionary powers it has as trustee.

Oversee investment decisions, including working with investors to ensure that the trust's investmentobjective is appropriate for the needs of the trust and applicable fiduciary law and that the trust is invested in accordance with its investment guidelines (Mandate).

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.

Work with Tax Officers and trust counsel to resolve tax issues.

Knowledge of internal procedures involving discretionary distributions, account maintenance, account opening/closing, AAR and ARP process, and management of overdrafts - is a plus.

Address questions raised by beneficiaries, co-trustees and their advisors.

Ability to work in a team-based environment.
Client Relationship Management
Trust Officers must develop relationships with beneficiaries and advisors in order to have appropriate knowledge to carry out the grantors purposes and meet the needs of the beneficiaries.

Trust Officers have responsibility to maintain current information on beneficiaries and their changing needs and circumstances in order to prudently carry out the firms fiduciary duties and to provide superior client service.

Ability to partner with client's other advisors (attorney, accountant); highly respected by external professional advisor community.

Develop, retain and deepen trust account relationships.

New Business
Partnering with Wealth Advisors with respect to the vetting and pricing of new trust business, including developing a full understanding of the purposes of the trust, the nature of JPMs role, the risks inherent in the structure and underlying assets, and the clients expectations.

Cross-selling of JPM products/services; maintain and develop strategies for increasing business with current clients; professional advisor cultivation.

The specialized and ever changing nature of the Trust practice requires that

Trust Officers devote a significant amount of time to personal development and training.

Training at J.P. Morgan consists of reading the fiduciary materials which are circulated to each Trust Officer, attending in-house and external seminars
and taking required Proficiency Training courses offered internally on a quarterly basis.

Trust Officers are also required to assist in training and developing their Trust Administrative Officers and Professionals, including performance management and feedback.


Bachelors Degree required; MBA or other advanced degree is a plus; J.D. strongly preferred

In-depth knowledge of all fiduciary products and services, including all legal, tax and regulatory requirements applicable to fiduciary relationships

Minimum of 7 years of relevant experience focused in the Trust business; either at a corporate fiduciary or a law firm

Not ready to apply? Leave your information with us and we will keep you up to date with new career opportunities.

Any information you provide is confidential and will only be viewed by our recruiters in an effort to fill open positions. In addition, the information you provide is subject to our privacy policy practices.

Please note that J.P. Morgan will not accept unsolicited approaches or speculative CVs, nor will J.P. Morgan be responsible for any related fees, from Third Party Firms who are not preferred suppliers.

The firm invites all interested and qualified candidates to apply for employment opportunities.

Need disability related assistance?

If you are a US or Canadian applicant with a disability who is unable to use our online tools to search and apply for jobs, please contact us by calling (US and Canada Only) 1-866-###-####. Please indicate the specifics of the assistance needed.

Not ready to apply? Leave your information with us and we will keep you up to date with new career opportunities.

JPMorgan Chase is an equal opportunity and affirmative action employer Disability/Veteran.

Associated topics: business, company, compliance, compliance department, corporate, counsel, court, internal, lawyer, legal affairs

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