U.S. Private Bank - Private Business Advisory - Executive Director

Location: Los Angeles, CA, United States

Job Family: Product Development

About the Role

At J.P. Morgan Private Bank, we are a global leader in wealth management, dedicated to providing unparalleled advisory services to ultra-high-net-worth individuals and families. As an Executive Director in the U.S. Private Bank - Private Business Advisory team, you will play a pivotal role in delivering holistic financial solutions tailored to clients who own and manage private businesses. Based in our Los Angeles office, this position within the Product Development category offers the opportunity to innovate and shape advisory products that address the unique challenges of business succession, liquidity events, and multi-generational wealth transfer. You will work closely with J.P. Morgan's renowned investment bankers, asset managers, and trust specialists to create bespoke strategies that align with clients' long-term objectives, leveraging our firm's extensive resources and global network. Your primary focus will be on developing and refining private business advisory offerings, including valuation services, governance structures, and integration of private market investments. You will engage directly with high-profile clients in the dynamic Los Angeles market, conducting thorough assessments to uncover opportunities for growth and risk mitigation. By collaborating across J.P. Morgan's ecosystem, you will ensure that advisory recommendations are not only comprehensive but also seamlessly integrated with broader wealth management services, such as philanthropy planning and international asset allocation. This role demands a strategic mindset to anticipate market shifts and regulatory impacts, positioning J.P. Morgan as the trusted partner for complex family enterprises. We seek a seasoned professional with a passion for client-centric innovation and a deep commitment to excellence. In this Executive Director role, you will lead initiatives that drive revenue growth while upholding the highest standards of integrity and confidentiality. J.P. Morgan Private Bank values diversity and inclusion, fostering an environment where your expertise can thrive and contribute to our mission of empowering clients to achieve their financial aspirations. Join us to make a lasting impact in the world of private wealth management.

Key Responsibilities

• Lead the development and execution of customized advisory solutions for high net worth clients, focusing on private business ownership and succession planning
• Collaborate with J.P. Morgan's investment banking and asset management teams to integrate holistic financial strategies
• Conduct in-depth client needs assessments to identify opportunities for private business advisory services
• Oversee the creation of innovative product offerings, such as family office structures and liquidity solutions for private company owners
• Ensure all advisory recommendations comply with J.P. Morgan's risk management and regulatory standards
• Build and maintain relationships with key stakeholders, including external advisors, attorneys, and accountants
• Mentor junior team members and contribute to the training of the U.S. Private Bank on private business advisory best practices
• Monitor market trends and regulatory changes to refine advisory approaches for ultra-high-net-worth clients
• Prepare and present comprehensive financial plans and reports to clients and senior leadership
• Drive business growth by identifying new client acquisition opportunities within the Los Angeles high net worth community

Required Qualifications

• Bachelor's degree in Finance, Business Administration, Economics, or a related field; MBA or advanced degree preferred
• Minimum of 10 years of experience in private banking, wealth management, or financial advisory services for high net worth individuals
• Proven track record in developing and launching financial products or advisory services tailored to ultra-high-net-worth clients
• Deep knowledge of U.S. regulatory environment, including SEC, FINRA, and banking regulations relevant to private wealth management
• Strong understanding of holistic financial planning, including investment strategies, estate planning, and tax optimization
• Experience working with family offices or private business owners in advisory capacities
• Series 7, 63, and 65 licenses or equivalent certifications required

Preferred Qualifications

• CFA (Chartered Financial Analyst) or CFP (Certified Financial Planner) designation
• Prior experience at a leading private bank or wealth management firm serving clients with $50M+ in assets
• Fluency in Spanish or Mandarin to serve diverse client bases in Los Angeles
• Background in product development within the financial services industry, particularly for alternative investments or private equity
• Demonstrated leadership in cross-functional teams involving compliance, legal, and investment professionals

Required Skills

• Expertise in financial modeling and valuation techniques for private businesses
• Proficiency in wealth management software such as Addepar or Morningstar
• Strong analytical skills for assessing complex financial portfolios
• Excellent communication and presentation skills for client interactions
• Knowledge of alternative investments including private equity and real estate
• Regulatory compliance and risk assessment abilities
• Strategic thinking for product innovation in financial services
• Relationship-building and networking in high net worth circles
• Project management for cross-functional initiatives
• Data analysis using tools like Excel, Tableau, or Python
• Understanding of tax implications in estate and business planning
• Leadership and team collaboration skills
• Adaptability to evolving market conditions
• Attention to detail in financial reporting
• Ethical decision-making in advisory roles

Benefits

• Competitive base salary with performance-based bonuses and equity incentives
• Comprehensive health, dental, and vision insurance plans
• 401(k) retirement savings plan with generous company matching contributions
• Paid time off including vacation, sick days, and parental leave
• Professional development programs, including tuition reimbursement for advanced certifications
• Wellness programs with gym memberships and mental health support
• Employee stock purchase plan and financial planning services
• Relocation assistance for eligible candidates moving to Los Angeles

JP Morgan Chase is an equal opportunity employer.