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Chase · 2 months ago

Wealth Management Solutions, Trust & Estates, Trust Officer - VP

500 Stanton Christiana Rd, Newark, DE, 19713, US

Full-time

Onsite

Mid, Senior Level

7+ years exp

Chase is a leading financial institution offering innovative financial solutions. As a Trust Officer VP in Wealth Management Solutions, Trust & Estates, you will oversee the administration of trusts, analyze trust documents, and develop relationships with beneficiaries and advisors.

BankingFinancial Services

Responsibilities

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 investment objective 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)

Work with Tax Officers and trust counsel to resolve tax issues

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

Work in a team-based environment

Develop relationships with beneficiaries and advisors in order to have appropriate knowledge to carry out the grantor’s 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 firm’s fiduciary duties and to provide superior client services

Partner 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 JPM’s role, the risks inherent in the structure and underlying assets, and the client’s expectations

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

Qualification

Fiduciary products knowledgeTrust law expertiseTaxation knowledgeTrust administration experienceClient relationship managementTeam collaborationCommunication skillsProblem-solving skills

Required

Bachelor's Degree required

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

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

Preferred

MBA or other advanced degree is a plus; J.D. preferred

Knowledge of internal procedures involving distributions, account maintenance, account opening/closing, Investment Systems and Annual Reviews, and management of overdrafts - is a plus