The Role
The Transition Banker is responsible for overseeing the team’s closing book of clients. In this role, a strong understanding of the firm’s risk management procedures including the ‘know your client’ (KYC) process is key. While most of the relationships are not active given the clients typically hold illiquid positions, closing the client relationship in a first class way is important.
Responsibilities
• The Transition Banker will manage each account to ensure that the client has a completed profile and that accounts are properly maintained and serviced, specifically adhering to J.P. Morgan Risk Management policie
• Ensure the KYC periodic review process is completed and ensuring our records remain up-to-date while closing the relationship
• Responsible for managing the risk in the closing account book and ensuring areas of concern are escalated appropriately
• Main point of contact for the closing accounts working in coordination with Client Service and Investor coverage as needed to assist the client in liquidating and transferring assets to an external provider
Requirements
• Experience in Private Banking supporting a client focused busine
• Achievement oriented, focused on exceeding business goals with strong attention to detail
• Proven ability to prioritize and meet deadline
• Experience or demonstrated understanding of investments and banking concepts including, but not limited to: asset allocation on structured portfolios, managed portfolios, brokerage accounts, portfolio reviews, deposit and loan solution
• Excellent communication skills, both written and oral
• Ability to adapt to a rapidly changing business including regulatory and technological environment
About us
J.P. Morgan is a global leader in financial services, providing strategic advice and products to the world’s most prominent corporations, governments, wealthy individuals and institutional investors. Our first-class business in a first-class way approach to serving clients drives everything we do. We strive to build trusted, long-term partnerships to help our clients achieve their business objectives.
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.
About the Team
J.P. Morgan Asset & Wealth Management delivers industry-leading investment management and private banking solutions. Asset Management provides individuals, advisors and institutions with strategies and expertise that span the full spectrum of asset classes through our global network of investment professionals. Wealth Management helps individuals, families and foundations take a more intentional approach to their wealth or finances to better define, focus and realize their goals.
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