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Trusts and Estates Attorney in Dallas, TX

JPMorgan Chase & Co, Aug 20,2017 Aug 09,2017 Location Dallas TX
This job is expired...

In-House

Attorney

Trusts and Estates

1-3 yrs required

Profile

Wealth Management - Private Bank Trust Administrator, Associate The candidate will 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.

Qualification and Experience

The candidate should have Bachelor's degree. Must have advanced degree such as JD degree, industry certification such as CTFA or paralegal certificate, with paralegal experience in trust and estates practice preferred. 1-3 years experience in the trust and estates industry required. Experience with company's fiduciary platform a plus. 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. Cross Selling and Retention skills necessary. Strong computer skills including proficiency with trust accounting systems.

Additional info

Ref:170078501

Company info