U.S. Private Bank – Private Banker – Vice President or Executive Director

Location: Milwaukee, WI, United States

Job Family: Client Advisory

About the Role

At JP Morgan Chase, we are a leading global financial services firm with a proud history of innovation and client focus. The U.S. Private Bank is at the heart of our wealth management division, dedicated to serving high net worth individuals and families with unparalleled expertise. As a Private Banker at the Vice President or Executive Director level in our Milwaukee office, you will join a dynamic team committed to delivering premiere, holistic financial advisement. This role is pivotal in fostering deep client relationships, providing tailored solutions that encompass investment strategies, credit facilities, estate planning, and philanthropy advisory, all while upholding the firm's reputation for integrity and excellence in the financial services industry. In this client-facing position, you will act as the primary advisor to a portfolio of affluent clients in the Midwest region, leveraging JP Morgan's vast resources to address their complex financial goals. Responsibilities include conducting in-depth needs assessments, recommending diversified investment portfolios, and coordinating with specialists across the firm to execute comprehensive wealth plans. You will also play a key role in business development, sourcing new opportunities through networking in Milwaukee's business community and referrals from existing clients. Success in this role requires a blend of technical financial acumen and interpersonal finesse to build trust and drive long-term value for both clients and the firm. JP Morgan Chase offers an environment where your career can thrive, with access to cutting-edge tools, ongoing professional development, and a collaborative culture that values diverse perspectives. This position presents an exciting opportunity to contribute to the growth of our Private Bank while making a meaningful impact on clients' financial legacies. If you are a seasoned professional passionate about wealth management and ready to elevate your career at one of the world's most respected institutions, we invite you to explore this role in Milwaukee.

Key Responsibilities

• Deliver personalized, holistic financial advice to high net worth clients, including investment management, retirement planning, and wealth transfer strategies
• Develop and maintain long-term relationships with clients in the Milwaukee area, identifying opportunities to expand JP Morgan Private Bank services
• Collaborate with internal teams such as investment specialists, credit officers, and estate planning experts to create customized solutions
• Conduct comprehensive financial reviews and portfolio analyses to optimize client outcomes and mitigate risks
• Drive new business growth by prospecting and networking within the local community and professional circles
• Ensure all advisory activities comply with JP Morgan Chase's risk management policies and regulatory guidelines
• Prepare and present investment proposals, performance reports, and market updates to clients
• Monitor economic trends and market conditions to provide proactive advice on asset allocation and diversification
• Mentor junior team members and contribute to the overall success of the U.S. Private Bank team

Required Qualifications

• Bachelor's degree in Finance, Business Administration, Economics, or a related field
• Minimum of 7-10 years of experience in private banking, wealth management, or high net worth client advisory within the financial services industry
• Active Series 7, Series 66 (or 63 and 65), and Life and Health Insurance licenses
• Proven track record of managing client portfolios exceeding $50 million in assets under management
• In-depth knowledge of investment products, estate planning, tax strategies, and credit solutions
• Strong understanding of regulatory requirements including SEC, FINRA, and banking compliance standards
• Ability to travel as needed to meet client needs in the Milwaukee region

Preferred Qualifications

• Advanced degree such as MBA or CFP (Certified Financial Planner) designation
• Experience working with ultra-high net worth individuals (UHNWIs) in the Midwest market
• Prior role at a premier financial institution like JP Morgan Chase or a comparable firm
• Bilingual proficiency in Spanish or another language spoken by Milwaukee's diverse client base
• Demonstrated success in business development and client acquisition in private banking

Required Skills

• Expertise in financial modeling and portfolio management tools like Bloomberg or Morningstar
• Proficiency in CRM systems such as Salesforce for client relationship management
• Strong analytical skills for assessing market data and economic indicators
• Excellent communication and presentation skills for client interactions and team collaborations
• Deep knowledge of alternative investments including private equity and hedge funds
• Risk assessment and compliance expertise in a regulated financial environment
• Business development acumen for identifying and closing new client opportunities
• Empathy and active listening to understand high net worth client needs
• Technical proficiency in Microsoft Office Suite, particularly Excel for financial analysis
• Adaptability to evolving financial regulations and market dynamics
• Leadership skills for guiding client strategies and mentoring colleagues
• Discretion and ethical judgment in handling sensitive client information
• Negotiation skills for structuring credit and lending solutions
• Time management to balance multiple client portfolios effectively

Benefits

• Competitive base salary with performance-based bonuses and incentives tied to client acquisition and retention
• Comprehensive health, dental, and vision insurance plans with employer contributions
• 401(k) retirement savings plan with generous 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
• Employee stock purchase plan and access to exclusive financial wellness resources
• Wellness programs including gym memberships, mental health support, and onsite fitness facilities
• Relocation assistance for eligible candidates moving to the Milwaukee area

JP Morgan Chase is an equal opportunity employer.