JPMorgan Chase Wealth Management - Private Bank - Banker - Vice President or Executive Director in Palo Alto, California
J.P. Morgan Private Bank
Banker Job Description
J.P. Morgan Private Bank has been helping the world’s wealthiest individuals, families, foundations, and endowments grow, manage, and sustain their wealth through personalized, comprehensive financial solutions for more than 160 years. J.P. Morgan is a global leader in asset and wealth management with assets under supervision of $2.1 trillion and assets under management of $1.4 trillion. With Private Bank advisors in 110 offices in 25 states and 20 countries, the Private Bank provides clients with a global perspective delivered through a local, dedicated team of specialists focused on fundamental wealth management disciplines, including investment management, wealth structuring, philanthropy, credit and banking.
As a Banker at J.P. Morgan, you will be accountable for identifying and developing client relationships within the ultra-high net worth or high net worth market. As the brand ambassador for J.P. Morgan, the Banker leads new client acquisition and retention through a broad knowledge of investments, banking, trust services, and financial planning. The Banker also leverages the specialists on their team in order to provide interdisciplinary expertise for our most complex clients. This role is primarily responsible for the client experience and engaging our resources to deliver a complete wealth management solution. Typical clients have a net worth of $5 million and above.
Responsible for engaging in aggressive business development (to include prospecting, development of external and internal referral sources, use of personal and professional contacts) to deliver significant results
Act as relationship manager for specific portfolio of clients and ensure every client has a positive experience
Perform role of chief client strategist by coordinating the team’s ongoing communication with the client and orchestrating the execution of the client plan
Exceed the expectations of J.P. Morgan clients by displaying creativity in formulating integrated solutions through the use of a wide range of products and services (including investments, trust, banking, wealth transfer, etc.)
Develop a perspective on specific client situations in order to proactively and effectively select and recommend solutions that could resolve their issues and meet their objectives
Demonstrated understanding of investments, banking and trust concepts including, but not limited to: asset allocation on structured portfolios, managed portfolios, brokerage accounts, portfolio reviews, deposit and loan solutions, basic trust and estate products and identification of wealth planning opportunities
Measurable track record of successfully selling to ultra high net worth and/or high net worth clients
Analytical ability in order to relate specific client asset situations to individual products
Interactive skills in order to understand client needs and take action with the appropriate solutions
Strong client relationship management and sales skills
Continuous prospecting skills applied to COIs (centers of influence), associations, and community activities
Experience profiling and formulating strategies for potential clients
Demonstrated ability to close deals
Impeccable interpersonal and organizational skills
Strong leadership and management skills along with high level of self motivation
Ability to work in a team based environment and assist in the development and retention of junior team members
Seven plus years experience in private banking/wealth management developing business with ultra high net worth and/or high net worth individuals and families
Bachelors degree required, MBA, JD, CFP, CFTA, CIMA or CFA strongly preferred
Thorough knowledge of specific geographic market
Established network of COIs (centers of influence) and sources for referrals
Series 7 & 63 licenses required for position; however, unlicensed candidates considered but required to obtain licenses within 90 days of start date
J.P Morgan offers an exceptional benefits program and a highly competitive compensation package.
J.P. Morgan is an Equal Opportunity and Affirmative Action Employer, M/F/D/V.
JPMorgan Chase is an equal opportunity and affirmative action employer Disability/Veteran.