The J.P. Morgan Wealth Management (USWM) business is focused on helping investors achieve their long-term financial goals and is comprised of Chase Wealth Management (CWM), J.P. Morgan Advisors (JPMA), J.P. Morgan Personal Advisors (our remote advice channel), and Self-Directed (our digital investing platform). The combined business has ~$600 billion in Assets Under Management and over 5,000 advisors located across 3,500 branches and 20 offices. 

Our Advisor compensation and incentive programs reinforce our business strategy and drives appropriate Advisor behavior. Incentive compensation represent our single largest expense and is critical to recruiting, motivating, and retaining Advisors.    

As a Senior Associate within the Field Performance and Incentives team, you will directly support end-to-end design and oversight of our Advisor incentive strategy.  We explore compensation design options that impact every aspect of our business, including advisor roles and responsibilities, performance management, development and transitions, attraction and retention, business channel alignment, industry peers and benchmarks, regulatory and statutory requirements, as well as connection to other J.P. Morgan communities including Investment Banking, Consumer Banking, and the Private Bank. This also includes programs to better service clients through Advisor collaboration and partnership, including Advisor teaming, cross line-of-business transfers, retirement, and career progression programs.  

This high exposure role will play an important role in the design, delivery, execution, and analysis of our Advisor incentive programs and have a meaningful contribution to our ambitious business goals.  

 

Job Responsibilities 

Drive the strategic design and development of Advisor incentive plans and Advisor compensation programs in partnership with Business Leaders and key partners from Legal, Compliance, HR.   Manage the design, development, and implementation of new Advisor programs. Partner with business partners to define processes, create policy documentation and guidelines, and provide support to field leadership. Illustrative projects: New Hire Programs to drive client service and productivity through Advisor development, performance management, and incentive programs Advisor Teaming Programs to improve all forms of Advisor partnerships, with a focus on near/long-term solutions to technology, process, compensation, and practice management. Advisor Retirement Programs to assist Advisors to start, develop, and end their careers at JPM,  
to improve the preparation and transition process for clients and Advisors.  Contribute to the end-to-end review of Private Client Investment Associate (PCIA) roles, compensation, incentive operating model, and execution Close collaboration with Finance partners on related topics, such as compensation design modeling, budget and forecasting, and analytics. Measure and analyze our compensation programs efficacy: establish key metrics in partnership with HR Compensation; design, develop, and produce dashboards and presentations to share monthly progress with senior leadership. 

 

Required Qualifications, Capabilities, and Skills: 

Bachelor’s Degree Minimum of 3 years in financial services industry, with a background in Finance, Compensation, Management Consulting, and/or HR Able to balance multiple priorities; has a strong attention to detail and exercises a control-oriented mindset Demonstrates intellectual curiosity and honesty – seek out the truth and ground decisions in the facts Thinks analytically and logically to understand and analyze complex business processes Strong oral and written communication skills; capable of concision and brevity to all types of audiences Technically minded with intermediate to advanced Microsoft PowerPoint, Word, and Excel skills required Strong sense of responsibility and demonstrated history of end-to-end ownership Strong interpersonal and influencing skills; ability to build strong relationships Good judgment and discretion working with highly confidential information 

 

Preferred qualifications, capabilities, and skills: 

Master’s Degree Strong understanding of Wealth Management products and services, and fundamental business drivers