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JPMorgan Chase Public Finance Sales & Trading - Analyst in New York, New York

J.P. Morgan's public finance investor marketing team is Wall Street's premier sell-side desk analyst team. In our role, we (1) make credit trading recommendations to the high yield and high grade traders; (2) develop credit marketing strategies for new issue municipal bond sales; (3) assess credit structures and documentation to determine marketability. Our issuer clients include a wide range of prominent tax-exempt and taxable borrowers, including the nation's largest hospital systems, transportation entities (airports, toll roads, transit, bridges, etc), utilities (water/sewer and electric), not-for-profit universities, states and municipalities as well as a range of project finance transactions. Investor clients include domestic and overseas based mutual funds, asset managers, banks, hedge funds and insurance companies.

As an Analyst in the group, you will quickly be expected to present actionable trade ideas formulated by your independent research and analysis. This will require mastering the reading and interpretation of complex legal documents and connecting that information to your determination of the financial feasibility of projects and the creditworthiness of the borrower. Additionally, you will perform data analysis, provide credit support for secondary trading and the primary market syndicate desk, assist in the development of marketing strategies, write independent credit reviews and pitch proposals, and help facilitate issuer roadshows. All aspects of the position are quantitative and require fast-paced critical thinking based on analysis of financial positions and trends, news and events, and relative value. The group is entirely based in New York City. The position also requires regular interaction with various types of issuer and investor clients, and the development of these relationships over time. Occasional domestic travel may be required.

Job Responsibilities:

  • Develop credit research based trade ideas

  • Read and interpret rating agency publications as well as muni issuer disclosure documents

  • Draft credit notes for primary market bond sales

  • Compile trade data on high yield municipal bonds

  • Perform ad hoc research assignments relevant to sector credit themes

  • Maintain an interest in municipal bond investing and municipal issuers

Required qualifications, capabilities, and skills:

  • Strong knowledge or interest in public finance and the municipal bond market (see above for sample clients)

  • Up to 3 years' experience in financial markets (rating agency, investment bank, asset manager, municipal financial advisor or issuer)

  • Analytical Skills: Financial statement analysis (accounting) and quantitative skills. Able to build, interpret, and manipulate credit models. Able to synthesize data to identify trends and conclusions. Read and interpret complex legal documents.

  • Communication Skills: Strong verbal and written skills. Professional and comfortable in client-facing situations.

  • Interpersonal Skills: Ability to multi-task. Must exhibit flexibility, assertiveness, a positive attitude, and be a strong team player.

  • Ability to process new information quickly and effectively, and work in a high volume fast paced trading floor environment

  • Must be able to start immediately

Preferred qualifications, capabilities, and skills:

  • Strong Excel and Bloomberg skills preferred

JPMorgan Chase & Co., one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.

We offer a competitive total rewards package including base salary determined based on the role, experience, skill set, and location. For those in eligible roles, we offer discretionary incentive compensation which may be awarded in recognition of firm performance and individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.

JPMorgan Chase is an Equal Opportunity Employer, including Disability/Veterans

Base Pay/Salary

New York,NY $100,000.00 - $125,000.00 / year

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