U.S. Private Bank - Private Banker - Vice President

Location: Rochester, NY, 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-centric solutions. The U.S. Private Bank is at the forefront of delivering unparalleled wealth management to high net worth individuals and families. As a Private Banker - Vice President in our Rochester, NY office, you will join a dynamic team dedicated to providing premiere, holistic financial advisement. This role is pivotal in the Client Advisory category, where you will serve as a trusted advisor to affluent clients, helping them navigate complex financial landscapes with personalized strategies that align with their unique goals, from wealth preservation to multi-generational planning. In this position, you will leverage JP Morgan Chase's vast resources, including access to proprietary research, global investment opportunities, and specialized teams in private equity, sustainable investing, and philanthropy. Your day-to-day will involve cultivating deep client relationships through proactive consultations, crafting tailored investment portfolios that incorporate equities, fixed income, alternatives, and impact investing, and collaborating with colleagues to offer comprehensive services like customized lending and estate planning. Based in Rochester, you will focus on the local market, engaging with business owners, executives, and families in upstate New York to grow our client base and assets under management while upholding the firm's commitment to integrity and excellence. We seek a seasoned professional passionate about financial services and client success. This Vice President-level role offers significant impact within one of the world's most respected institutions, with opportunities for career advancement, professional development, and contributing to JP Morgan Chase's mission of empowering clients to achieve their aspirations. If you thrive in a high-stakes environment and have a proven track record in private banking, join us to make a meaningful difference in the lives of our clients.

Key Responsibilities

• Develop and maintain long-term relationships with high net worth clients in the Rochester area, providing holistic financial planning and advisory services
• Conduct comprehensive needs assessments to recommend customized investment strategies, including equities, fixed income, alternatives, and sustainable investing options
• Collaborate with JP Morgan Chase's network of specialists in lending, philanthropy, and family office services to deliver integrated wealth solutions
• Source and onboard new clients through referrals, networking events, and community involvement in Rochester's affluent circles
• Monitor portfolio performance and market conditions to proactively adjust strategies and mitigate risks
• Ensure compliance with all internal JP Morgan policies and external regulations while maintaining the highest standards of client confidentiality
• Prepare detailed financial reports, proposals, and presentations to articulate value propositions and drive business growth
• Mentor junior team members and contribute to the U.S. Private Bank's regional goals for asset growth and client satisfaction
• Participate in local business development initiatives to enhance JP Morgan Chase's presence in upstate New York

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 and Series 66 (or equivalent) securities licenses, or willingness to obtain within 90 days
• 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 tailored to ultra-high net worth individuals
• Strong understanding of regulatory requirements including SEC, FINRA, and banking compliance standards
• Experience in the Rochester, NY market or Northeast region with established local networks

Preferred Qualifications

• Advanced degree such as MBA or CFP (Certified Financial Planner) certification
• Prior experience at a premier financial institution like JP Morgan Chase or a Big Four bank
• Bilingual proficiency in English and Spanish to serve diverse client bases in Rochester
• Demonstrated success in client acquisition and retention in a competitive private banking environment

Required Skills

• Expertise in financial modeling and portfolio analysis using tools like Bloomberg or Morningstar
• Proficiency in CRM systems such as Salesforce for client relationship management
• Strong analytical skills for evaluating market trends and economic indicators
• Excellent communication and presentation skills for client meetings and proposals
• Relationship-building abilities to foster trust with ultra-high net worth individuals
• Knowledge of estate and tax planning software and regulatory compliance tools
• Strategic thinking for developing bespoke wealth management solutions
• Negotiation skills for structuring credit and lending agreements
• Time management and organizational skills in a fast-paced banking environment
• Adaptability to evolving financial regulations and client needs
• Team collaboration with cross-functional JP Morgan Chase teams
• Discretion and ethical judgment in handling sensitive client information
• Digital literacy in fintech applications and virtual advisory platforms

Benefits

• Competitive base salary plus performance-based bonuses and commissions tied to client assets and revenue generation
• Comprehensive health, dental, and vision insurance with employer contributions
• 401(k) retirement savings plan with generous company match up to 6% of eligible compensation
• Paid time off including vacation, sick days, and parental leave
• Professional development opportunities through JP Morgan's internal training programs and tuition reimbursement
• Employee stock purchase plan and access to exclusive financial wellness resources
• Relocation assistance for eligible candidates moving to Rochester, NY
• On-site fitness centers and wellness programs at JP Morgan Chase facilities

JP Morgan Chase is an equal opportunity employer.