JPMorganChase · 19 hours ago
Wealth Management Solutions, Trust & Estates, Trust Administrator VP
Summit, NJ
Full-time
Onsite
Mid Level
$110K/yr - $160K/yr
3+ years expJPMorganChase is a leading financial institution with over 200 years of experience, offering innovative financial solutions. The Trust Administrator VP is responsible for managing trust accounts, ensuring compliance with legal requirements, and maintaining client relationships while overseeing administrative processes.
Asset ManagementBankingFinancial Services
Responsibilities
Work with the Account Opening Group to open trust accounts
Interpret the governing instrument and applicable law to ensure the proper set-up of account records, including payments, fee schedules and tax records
Communicate with beneficiaries and co-trustees to outline administrative procedures
Respond to client issues, anticipate client needs, and prepare for and participate in client meetings with the Trust Officer
Work with the Tax Officers and counsel on income, gift, estate, and generation skipping taxes for the trust/estate and its beneficiaries
Respond to requests from beneficiaries for discretionary distributions. Prepare memoranda supporting recommendation regarding how the Bank shall exercise discretionary powers it has as trustee. Confer with co-trustee (if any) to obtain his/her approval
Coordinate with Trust Officer on the communication of the decision to client and follow-up action on the request as necessary
Handle ongoing day to day administration of account, and proactively manage account base in an effort to avoid and minimize service and operational issues
Oversee the work performed by various operational groups. Identify risk that might be incurred in connection with a trust, consistent with any applicable policies and procedures governing the risk in question
Utilize risk management tools, such as the overdraft report, daily transaction report, Administrative Review, Holistic Review and the AAR Variance Report to ensure that all exceptions are properly addressed and kept to a minimum
Communicate with Investors regarding investment matters and liquidity needs
Handle departmental projects relating to accounts and special assets
Participate on various committees as needed
When the trust terminates the account is transferred to the Trust Settlement group
The Trust Administrative Officer is responsible for ensuring appropriate steps are taken to minimize risk, including canceling payments and statements, where appropriate, and obtaining necessary documents for the Settlements group
Trust Administrative Officers must actively participate in dealing with interested parties and develop relationships with income beneficiaries, co-trustees and intermediaries in order to have appropriate knowledge to carry out the grantor’s purposes and meet the needs of the beneficiaries
The specialized and ever changing nature of the Trust practice requires that Trust Administrative Officers devote time to personal development and training
Training at JPMorgan includes internal sessions covering systems changes, practices and procedures, Q & A sessions offered to facilitate understanding of our environment and sessions on technical, legal, tax and regulatory developments
Qualification
Required
Bachelor's degree required
A minimum of 3-5 years' experience in the trust and estates industry
Experience in the administration and support of trusts including general understanding of fiduciary products and concepts, including legal, tax and investments knowledge
Problem Solving/Risk Management – takes initiative, decisive, accountable, exhibits critical analysis and judgment
Client Servicing – client knowledge, client relationships, proactive communication
Teamwork/Personal Effectiveness – clear and concise communication, time management, adaptability to delegate, coaching and training
Cross Selling and Retention skills
Strong computer skills including proficiency with trust accounting system
Preferred
Experience with JPMorgan fiduciary platform a plus
Benefits
Comprehensive health care coverage
On-site health and wellness centers
A retirement savings plan
Backup childcare
Tuition reimbursement
Mental health support
Financial coaching
Company
JPMorganChase
With a history tracing its roots to 1799 in New York City, JPMorganChase is one of the world's oldest, largest, and best-known financial institutions—carrying forth the innovative spirit of our heritage firms in global operations across 100 markets.
10001+ employees
H1B Sponsorship
JPMorganChase has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
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2025 (3471)
2024 (3469)
2023 (3395)
2022 (3594)
2021 (2515)
2020 (2495)
Funding
Current Stage
Public CompanyTotal Funding
unknown1998-02-01IPO
Leadership Team
Allison Beer
CEO of Card Services and Connected Commerce
Dan Mendelson
CEO, Morgan Health
Recent News
2025-12-19
2025-12-12
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