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Type of Role: Investments

Experience Level: Analyst/Associate

Location: New York City, New York

Salary: $143K - $200K

J.P. Morgan Asset Management is the world’s third-largest alternatives manager, with a 40-year history of delivering innovative alternative solutions across market cycles. Our alternative investment engines are managed by highly specialized independent teams, backed by the global reach, vast resources and robust governance of J.P. Morgan Asset Management. Our alternative strategies are designed to achieve specific client outcomes and built to deliver uncorrelated returns to traditional asset classes. Customized alternative portfolios can be tailored to individual client needs. We offer strategies across the alternative investment spectrum, including real estate, private equity and credit, infrastructure, transportation, liquid alternatives and hedge funds.

JOB DESCRIPTION

The Global Fixed Income, Currency and Commodities team (GFICC) at J.P. Morgan Asset Management is one of the world’s deepest and best-resourced fixed income managers, with expertise across all major fixed income sectors. Our shared research language, combining fundamental, quantitative and technical inputs, facilitates the comparison of ideas across sectors and geographies. Global Fixed Income, Currency and Commodities manages a broad range of strategies, through funds and/or separate accounts, including broad market, long duration, stable value, intermediate high yield, emerging market debt, short and ultra-short duration, global bonds, structured products, mortgages and tax-aware strategies.

Role Summary

The securitized credit research group, which supports approximately $70+ bb of AUM,  conducts quantitative and qualitative research across securitized markets including ABS, CMBS, RMBS and CLO’s.

Job Responsibilities

  • Knowledge of one or more securitized sectors including ABS, CMBS, RMBS and CLO
  • Conduct sector and issuer due diligence, tracking trends and macroeconomic drivers to produce investment recommendations on sectors and individual securities
  • Formulate recommendations in both new issue and secondary markets and communicate them to portfolio managers
  • Conduct surveillance to identify risks to holdings while also enhancing surveillance tools
  • Develop models to forecast prepayments and losses on pools of residential mortgages, commercial real estate and consumer loans
  • Aggregate and analyze large sets of data to develop and test investment opinions

Required qualifications, capabilities and skills 

  • 3+ years of fixed income experience
  • Strong programming skills (Python or similar)
  • Extensive knowledge of Intex and/or Trepp
  • Expertise to analyze and manipulate large datasets
  • Team player who can manage multiple tasks
  • Strong verbal and written communication skills

 

Preferred qualifications, capabilities and skills

  • Securitized product experience is a plus
  • Candidates possessing or pursuing a CFA are preferred