Managing Director - Private Banker

Location: New York, NY, United States

Job Family: Private Bankers

About the Role

At JP Morgan Chase, we are seeking a seasoned Managing Director - Private Banker to join our elite Private Banking team in New York, NY. As a global leader in financial services, JP Morgan Chase empowers high net worth individuals and families with unparalleled advisory services. In this pivotal role, you will serve as a trusted advisor to ultra-high net worth clients, delivering holistic financial solutions that integrate investment management, lending, philanthropy, and legacy planning. Leveraging JP Morgan's vast resources, including access to proprietary research and global markets, you will craft bespoke strategies that align with each client's unique goals, risk tolerance, and life objectives. This position demands a strategic mindset and a commitment to excellence, contributing to our firm's reputation for innovation and client loyalty in the competitive wealth management landscape. Your day-to-day responsibilities will involve cultivating deep relationships with clients, often managing portfolios in excess of $100 million, while leading a team of dedicated bankers to execute on comprehensive wealth plans. You will collaborate across JP Morgan's ecosystem—spanning investment banking, asset management, and commercial real estate—to provide seamless, integrated services that drive value. From analyzing market dynamics to advising on tax-efficient structures and sustainable investing opportunities, you will proactively anticipate client needs and navigate complex financial challenges. Compliance and risk management are paramount, ensuring all recommendations adhere to the highest regulatory standards and JP Morgan's rigorous internal protocols. This role offers the opportunity to thrive in a dynamic, high-impact environment at one of the world's most admired financial institutions. Ideal candidates bring a proven track record of client success, deep industry expertise, and a passion for delivering transformative financial advice. Join JP Morgan Chase and play a key role in shaping the financial futures of our most valued clients, while advancing your career within a firm renowned for its culture of meritocracy, diversity, and professional growth.

Key Responsibilities

• Develop and maintain long-term relationships with high net worth clients, providing tailored holistic financial advice encompassing investments, lending, and estate planning
• Lead a team of private bankers to deliver premiere advisory services, ensuring alignment with JP Morgan Chase's client-centric philosophy
• Identify and pursue new business opportunities among prospective UHNW clients in the New York market, leveraging JP Morgan's global network
• Conduct comprehensive financial planning sessions, including portfolio analysis, risk assessment, and customized investment strategies
• Collaborate with JP Morgan's investment banking, asset management, and commercial banking divisions to offer integrated solutions
• Ensure compliance with all regulatory requirements, including SEC, FINRA, and internal JP Morgan policies, while mitigating risks
• Monitor market trends and economic developments to proactively advise clients on portfolio adjustments and wealth preservation tactics
• Mentor junior bankers and contribute to the firm's thought leadership through client seminars and industry insights
• Prepare detailed reports on client portfolios and performance metrics for senior leadership review
• Drive client satisfaction metrics to exceed JP Morgan's benchmarks for service excellence

Required Qualifications

• Bachelor's degree in Finance, Business Administration, Economics, or a related field; advanced degree (MBA, JD, or CFA) strongly preferred
• Minimum of 10+ years of experience in private banking, wealth management, or high net worth client advisory within a top-tier financial institution
• Proven track record of managing client portfolios exceeding $100 million in assets under management
• Active Series 7, Series 63, and Series 65 licenses, or equivalent FINRA registrations
• In-depth knowledge of investment products, estate planning, tax strategies, and regulatory compliance in the financial services industry
• Demonstrated success in client acquisition and retention in a competitive wealth management environment
• Strong understanding of JP Morgan Chase's private banking platforms and risk management protocols

Preferred Qualifications

• CFA (Chartered Financial Analyst) or CFP (Certified Financial Planner) designation
• Experience working with ultra-high net worth individuals (UHNWIs) and family offices
• Prior leadership role in a private banking team at a bulge-bracket firm like JP Morgan Chase
• Bilingual proficiency in English and Mandarin, Spanish, or another major language to serve diverse client bases
• Advanced expertise in sustainable and impact investing aligned with JP Morgan's ESG initiatives

Required Skills

• Expertise in portfolio management and asset allocation strategies
• Proficiency in financial modeling and valuation techniques
• Strong knowledge of alternative investments such as private equity and hedge funds
• Excellent client relationship management and communication skills
• Analytical thinking for complex financial problem-solving
• Leadership and team-building abilities in high-stakes environments
• Regulatory compliance and risk assessment proficiency
• Negotiation skills for deal structuring and client advisory
• Technical proficiency in financial software like Bloomberg, FactSet, or JP Morgan's proprietary platforms
• Emotional intelligence for handling sensitive client interactions
• Strategic planning for long-term wealth growth
• Adaptability to evolving market conditions and regulatory landscapes
• Presentation skills for client meetings and internal reporting
• Networking abilities to expand JP Morgan's client base
• Ethical decision-making aligned with fiduciary standards

Benefits

• Competitive base salary with performance-based bonuses and equity incentives typical of Managing Director roles at JP Morgan Chase
• Comprehensive health, dental, and vision insurance plans with employer contributions
• Generous 401(k) retirement savings plan with company matching up to 6% of eligible compensation
• Paid time off including vacation, sick days, and parental leave policies
• Professional development opportunities through JP Morgan's internal training programs and tuition reimbursement for advanced certifications
• Exclusive access to JP Morgan's wellness programs, including gym memberships and mental health resources
• Relocation assistance for moves within the United States, if applicable
• Employee stock purchase plan and other financial perks aligned with the firm's culture of ownership

JP Morgan Chase is an equal opportunity employer.