Wealth Management, Restricted Stock / 10b5-1 Specialist , Vice President
JPMorgan Chase · Dallas, United States +3 · 2mo ago
About Strategic Equity Solutions / Restricted Stock Group
Strategic Equity Solutions (SES) provides holistic advice and execution for clients with large, concentrated equity positions, leveraging the breadth of JPMorganChase capabilities. The Restricted Stock Group (RSG) helps advisors and clients navigate affiliation and restrictions (including control stock, Rule 144 transactions, lockups, and related diligence/documentation) and delivers coordinated execution across internal and external partners.
The Restricted Stock / 10b5-1 Specialist (VP/ED) is a subject-matter expert responsible for advising Wealth Management teams and clients on U.S. regulatory considerations and execution strategy for restricted/control securities and Rule 10b5-1 plans. The role leads diligence and documentation, partners directly with issuer counsel and internal legal/compliance partners, and drives end-to-end execution across selling, pledging, hedging, gifting, and wealth transfer strategies—while ensuring adherence to all applicable regulations and firm policies.
Job Responsibilities
- Advisory coverage
- Serve as the point of contact for advisors and stakeholders on requirements, approvals, and best practices for transactions involving restricted/control securities and insiders.
- Provide judgment on complex or sensitive situations (e.g., concentration risk, liquidity constraints, issuer restrictions, lockups, heightened scrutiny names) and escalate appropriately.
- 10b5-1 plan structuring and governance
- Lead client/advisor discussions to define objectives and translate them into clear, executable selling parameters appropriate for the security’s trading characteristics.
- Draft and refine trading terms to ensure they accurately reflect client intent and are operationally executable, with minimal ambiguity.
- Coordinate and drive alignment across internal counsel, issuer General Counsel, client counsel, and other involved advisors through final execution readiness.
- Oversee post-launch administration, including trade-report communications and ongoing plan support in accordance with established procedures.
- Restricted/control securities diligence and Rule 144 execution
- Own the due diligence process with issuer counsel for sales, margin loans/credit, derivatives/hedging structures, gifting, wealth transfer strategies, and executive equity activity (including option exercises).
- Ensure Rule 144 compliance, including Form 144 preparation/filing workflow (as applicable) and monitoring volume limitations and other conditions of sale.
- Provide guidance on legend/restriction removal pathways and lead coordination among issuer counsel, transfer agents (where applicable), and internal Operations/Settlements.
- Execution oversight and cross-functional coordination
- Drive seamless execution by partnering with trading/execution, legal, compliance/risk, operations/settlements, and advisor teams.
- Anticipate bottlenecks (documentation, issuer turnaround, operational lead times) and actively manage timelines for time-sensitive transactions.
- Controls, policy adherence, and risk management
- Ensure strict adherence to internal policies regarding securities transactions, information barriers, recordkeeping, and code of conduct.
- Identify process/control gaps, recommend enhancements, and support risk/compliance initiatives impacting restricted stock and 10b5-1 activity.
- Teamwork and capability building
- Support training and internal education for advisors and partners.
- Contribute to strategic initiatives and ad hoc projects related to market trends, insider activity, product development, and operational efficiency.
Required Qualifications, Capabilities, and Skills
- Relevant experience (typically 3+ years) in restricted stock, Rule 144, 10b5-1 plan execution/administration, equity markets, or a related role supporting concentrated equity positions
- Demonstrated ability to lead complex, multi-stakeholder processes involving issuer counsel and internal control functions
- Strong judgment, execution discipline, and the ability to manage confidential, high-sensitivity matters
- Excellent written/verbal communication skills; ability to translate regulatory requirements into practical guidance
- Strong organization and prioritization skills in a deadline-driven environment
- FINRA Series 7 and Series 63 (required)
- Bachelor’s degree
Preferred Qualifications, Capabilities, and Skills
- Deep expertise in Rule 144, control stock, affiliate/non-affiliate analysis, lockups, and insider-related trading constraints
- Experience with equity compensation / stock plan administration and executive transaction workflows
- Familiarity with concentrated position strategies and instruments (e.g., 10b5-1 plans, block trades, OTC derivatives/hedging, exchange funds, bespoke liquidity solutions)
- Prior experience partnering with private wealth advisors, private banking, or corporate issuer stakeholders