JOB DESCRIPTION
Job Summary:
As a Settlement Officer VP in Wealth Management Solutions, Trust & Estates, you will oversee the administration of the trust. You will assume the primary responsibility for the settlement of a trust including daily interaction with 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:
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, 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 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
