Agency MBS Portfolio Manager - Associate

Aumni; New York (NY); Sur place; USD 120 000 - 180 000; Plein temps

Avantages offerts par ce poste

Competitive total rewards

Health care coverage

Retirement savings plan

Résumé du poste

JPMorgan Chase & Co. is seeking a junior portfolio manager within the TCIO Agency MBS team to conduct data-driven analysis, support trade ideas, and monitor markets. You will work on the firm’s Agency MBS investments with the aim of maximizing risk-adjusted returns in a large global portfolio.

The role emphasizes quantitative analysis, communication of complex ideas, and teamwork across Risk, Finance, and Strategy partners to drive informed investment decisions in a dynamic market environment.

Qualifications

• 3+ years of experience in fixed income sales and trading, portfolio management, or research.
• Strong understanding of interest rates and fixed income markets.
• Strong quantitative and data analysis skills.
• Self-starter with ability to drive results under uncertainty.
• Excellent communication skills; ability to convey complex ideas clearly.
• Team-oriented, collaborative mindset; promote healthy market discussions.

Responsabilités

• Conduct data-driven, relative-value analysis to generate trade ideas and inform MBS exposure.
• Execute trades and engage with sell-side counterparties.
• Analyze trends around supply, prepayments, housing, and macro factors.
• Improve desk processes and analytics.
• Prepare and deliver presentations and market updates for TCIO Investment Portfolio team and senior management.
• Collaborate with Middle Office, Risk, Finance, and TCIO Strategy

Connaissances

Fixed income knowledge

Python

Data analysis

Communication skills

Team collaboration

Outils

Python

Description du poste

When someone joins JPMorgan Chase, they should know this is a place where they belong. The Treasury and Chief Investment Office (TCIO) at JPMorgan Chase & Co. is responsible for firm wide asset and liability management for one of the world’s largest global financial institutions with more than $5.0tn in assets and liabilities, including more than $2.7tn in deposits. TCIO is responsible for developing and executing the firm's capital, balance sheet, liquidity and funding strategy. TCIO oversees a $800 billion global investment securities portfolio that is used to earn returns on excess deposits while managing the interest rate risk of the firm against its liabilities. We are looking for a junior portfolio manager to join our TCIO Investment Portfolio Agency Mortgage-Backed Securities Team, one of the primary asset classes within TCIO's broader portfolio of fixed income investments.

As an Associate or Vice President in our Investment Portfolio Agency Mortgage-Backed Securities Team, within the TCIO, you will spend each day generating research, executing trades, and monitoring markets — contributing to a team responsible for prudently managing the firm's Agency MBS investments with the goal of maximizing risk-adjusted returns in the context of the firm's overall objectives and capital and liquidity framework.

Job responsibilities

• Conduct data-driven, relative-value analysis to generate trade ideas and help inform the portfolio's overall MBS exposure, coupon positioning, and security selection across TBA and specified pool markets
• Execute trades, engage in dialogue, and build relationships with sell-side counterparties, incorporating market color and axes into the desk's view
• Analyze broader trends around supply and demand, prepayments, housing, and the macro environment to inform positioning
• Improve desk processes and analytics
• Prepare and deliver presentations and market updates for the broader TCIO Investment Portfolio team and senior management
• Work with business partners including Middle Office, Risk, Finance, and TCIO Strategy

Required qualifications, capabilities, and skills

• 3+ years of relevant experience in fixed income sales and trading, portfolio management, or research
• Strong understanding of interest rates and fixed income markets
• Strong quantitative and data analysis skills
• Self-starter with ability to continually drive results even under uncertainty
• Excellent communication skills; ability to simply convey complex ideas
• Team-oriented, collaborative mindset; ability to engage in and promote healthy discussion about markets and potential investments

Preferred qualifications, capabilities, and skills

• Strong understanding of mortgage market dynamics, prepayments, and convexity
• Proficiency in Python or similar for manipulating and analyzing data
• Knowledge of macroeconomics and macro-driven investing
• 3+ years of relevant experience within Agency MBS fixed income, in areas such as sales and trading, portfolio management, or research

JPMorganChase, 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. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of 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 & Co. is an Equal Opportunity Employer, including Disability/Veterans

Our professionals in our Corporate Functions cover a diverse range of areas from finance and risk to human resources and marketing. Our corporate teams are an essential part of our company, ensuring that we’re setting our businesses, clients, customers and employees up for success. Join the TCIO Agency MBS team managing a $140B+ portfolio within one of the world's largest global financial institutions