Wealth Management Solutions, Trust & Estates, Settlement Administration Associate

J.P. Morgan Asset & Wealth Management, with client assets of $2.8 trillion, is a global leader in investment and wealth management. Its clients include institutions, high-net-worth individuals and retail investors in every major market throughout the world. The division offers investment management across all major asset classes including equities, fixed income, alternatives, multi-asset and money market funds. For individual investors, the business also provides retirement products and services, brokerage and banking services including trusts and estates, loans, mortgages and deposits.

Job Summary: 

As a Settlement Administration Associate in Wealth Management Solutions, Trust & Estates, you will assist with he administration of the trust. You will participate in the 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:

• Assist with the settlement of the trust, including distributions and coordination with investments, tax and operations
• Assist with determining 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.
• Identify and avoid or minimize any unusual risk that might be incurred in connection with the terminating event consistent with applicable policies and procedures.
• Support 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: 

• Relevant years of trust administration or settlement experience with direct client interactions
• Bachelor's degree required 
• 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