JP Morgan Private Bank, Restricted Stock Specialist, VP at JPMorgan Chase Bank, N.A. in San Francisco, California

Posted in General Business 6 days ago.

Type: Full-Time





Job Description:

As part of our team of specialists, the Restricted Stock/10b5-1 Specialist is responsible for providing clients with US regulatory information and guidance on restricted/control securities and 10b5-1 plans and working with clients globally to develop and analyze various execution alternatives (selling, purchasing, pledging, hedging, gifting, and wealth transfer strategies). The Restricted Stock/10b5-1 Specialist Responsibilities:


  • Contact for Wealth Management advisors on requirements and approvals of any transactions/trades of restricted/control securities
  • Conduct due diligence with Issuer's counsel on trades (sales and purchases), margin loans, credit, derivatives, gifting (including Donor Advised Fund), wealth transfer strategies, and executive stock option exercises
  • Ensure Rule 144 compliance, including Form 144 filings, checking issuer having current public information and calculating volume limitation.
  • Coordinate the process of removing legends on restricted stock (certificates or book entry at transfer agent) by preparing paperwork, working with Issuer's General Counsel and our Operations/Settlements team
  • Coordinate the process of exercising stock options on behalf of client, which includes wiring exercise cost and taxes due and initiating receipt of stock into client's account, by working with Issuer's Stock Plan Administrator and our Operations team.
  • Send trade report emails for trades executed within 10b5-1 plans

  • Work closely with Senior 10b5-1 Specialist and Team Leader to eventually:

    • Assist the advisors and their clients in determining selling terms that both meet the client's goals and are appropriate for how the specific security trades.
    • Compose selling terms within the contract in a way that clearly reflects the client's intentions, without ambiguity and leaving no room for interpretation.
    • Work closely with the PB's attorney, General Counsel of the Issuer, client's personal attorney and/or financial advisor, in finalizing the terms of the contract.


  • Build excellent working relationships with internal clients and partners
  • Adhere to internal and external policies/ regarding securities transactions and code of conduct
  • Ad hoc projects related to 10b5-1 plans, restricted stock, insiders, and market trends

Skills Required:


  • FINRA Series 7 and 63 required
  • Bachelor's degree
  • 2 years work experience with knowledge of equity markets
  • Exceptional relationship management skills and ability to partner with principal teams
  • Superior client service and problem-solving skills
  • Strong communication and organizational skills
  • Ability to prioritize and meet tight deadlines
  • Proficiency in Microsoft Office Suite
  • Preferred: Restricted Stock/Rule 144, stock option/compensation plans, corporate services experience
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