JPMorgan Chase CIB- Treasury Services- Escrow Team Leader, VP in Chicago, Illinois

J.P. Morgan’s Corporate & Investment Bank is a global leader across banking, markets and investor services. The world’s most important corporations, governments and institutions entrust us with their business in more than 100 countries. The Corporate & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world

This position is responsible for leading the Midwest Escrow Middle Office team based in Chicago. The team’s primary responsibilities include escrow contract negotiation, new account set-up, business related projects, ongoing escrow account administration, including customer service, cash movement, claims handling and fee billing. The Team Leader is responsible for leading these efforts in a risk controlled manner that is commercially focused and helps drive new business through strong client satisfaction and employee engagement.

This position reports directly to the Regional Manager of the Escrow Middle Office. This position partners very closely with Escrow Product Management, Sales, Operations, Legal, Tax, Compliance and Risk Management in driving results.

New Business Activities:

  • Understand the business purpose and deal structure fornew business opportunities andimplement escrow solutions that drive repeat business

  • Provide strong customer service by responding quicklyto client requests, offering solutions to client needs, and developingmeaningful client relationships

  • Lead team in the review andnegotiation of escrow contracts. Ensure that team is well informed and trainedon all critical JPMorgan legal standards. Negotiation must occur swiftly in a proactiveand professional manner that balances both flexibility/ease of doing businessto meet the client’s needs and the preservation of JPMorgan’s risk profile toprotect the bank

  • Partner withsales to seamlessly onboard new clients and assist in generating newbusiness through positive interaction with existing clients and referralsources. Take ownership of clientrelationships

  • Ensure that clientsatisfaction rates meet or exceed expectations via regular and activeparticipation with clients (including law firms)

  • Meet business demands in a rapid transactionalenvironment with a highly responsive service

  • Identify ways to improve processes/procedures toenhance quality and/or productivity

  • Optimize accountprofitability by maximizing JPMorgan fee and investment revenue opportunities

Leadership/Management Activities:

  • Strong ability to manage a variety of concurrent priorities includingclient needs, employee development, operational issues and ongoing projects

  • Resolve issuesescalated by team members

  • Willingness to manage independently, but escalate where appropriate.

  • Manage in a manner that promotes employee engagement and delegateassignments appropriately

  • Empower employees to own client relationships and issues, whileproviding the proper level of guidance and support

  • Promote an environment for open communication and dialogue. Promote the highest standards of excellenceand teamwork. Ensure that team isproperly trained and able to perform job responsibilities.

  • Strategically alignresources to match competencies and maximize efficiencies

  • Monitor workprogress through systematic reporting features

  • Develop strongworking relationships with Product, Sales, Operations, Legal, Tax, Complianceand Risk

  • Provide ongoingrecruitment, development of talent and career mobility support in managingstaff

  • Offer calminginfluence and support to staff amidst fast pace, stressful environment

Risk Management:

  • Display a well-honed ability to assess the risk factors of escrowtransactions, including client risk, operational risk, reputational risk orotherwise

  • Ensure dealinformation is set up on all operating systems and contractual obligationsdenoted

  • Maintain key performance indicators (KPIs) within acceptable ranges

  • Ensure that account set-ups, ticklers, overdrafts, balances, accountsreceivables and other key metrics are managed appropriately.

  • Escalate issues to management as well as legal, risk and compliancepartners, as appropriate

  • Maintain working knowledge of policies and procedures

  • Serve as subject matter expert on alloperating systems

  • Firm understanding of USA PATRIOT ACT requirements

Escrow Operations:

  • Partner with operations team to execute core operational components ofthe escrow business. Thisresponsibility requires extensive knowledge of the following:

  • Account Set-ups and terminations

  • Cash processing, including wiretransfer systems and check processing

  • Handling escrow claim andobjection processing

  • Investments

  • Securities processing (book-entry/physical, equity and debt)

  • Online system capabilities viaJPMorgan ACCESS


  • Bachelor Degree in Business,Finance or Management (Masters degree or legal experience preferred)

  • 10-15 years work experiencein financial services environment; trust, escrow or treasury servicesexperience preferred

  • Strong management andleadership skills

  • Strong sales and customerservice orientation

  • Strong document review,negotiation skills

  • Excellent organizationalskills and ability to multi- task in a fast paced environment

JPMorgan Chase is an equal opportunity and affirmative action employer Disability/Veteran.