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Trust & Estates - Trust Settlement Officer at JPMorgan Chase Bank, N.A. in Dallas, Texas

Posted in General Business 23 days ago.

Type: Full-Time





Job Description:

Examples of duties include: document interpretation, client service and risk management. A Settlement Officer must have extensive fiduciary knowledge of trust terminations. This position is in a centralized trust environment requiring strong interpersonal skills and ability to develop relationships with colleagues. The Settlement Officer must possess excellent written and oral communication skills.

Job Responsibilities include but are not limited to:


  • 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.

The Successful Candidate Will Possess:


  • 3-5 years of trust administration or settlement experience with direct client interaction.
  • College 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
  • Interpersonal skills - develop relationships with colleagues within Trusts & Estates Practice and the Private Bank/Private Wealth Management
  • No FINRA securities licenses are required for this position.
JPMorgan Chase & Co., one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. In accordance with applicable law, we make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as any mental health or physical disability needs.

Equal Opportunity Employer/Disability/Veterans