Asset Management - Municipal Research Analyst - Executive Director

Testing Site - JPMC; New York (NY); On-site; USD 110,000 - 150,000; Full time

Job summary

J.P. Morgan Asset Management’s GFICC team seeks a Municipal Research Analyst to evaluate municipal securities and opportunities across issuers and sectors.

You will collaborate with global Analysts, Portfolio Managers, and Investment Specialists to develop buy/sell recommendations and monitor market themes from a credit perspective.

Qualifications

• Minimum of 10 years of experience in credit analysis.
• Bachelor’s degree in related field.
• Demonstrated ability to evaluate municipal issuer credit risk, determine relative value, and communicate concisely.

Responsibilities

• Provide and maintain buy and/or sell investment recommendations via credit discussions and written credit reports for municipal securities for assigned sectors.
• Perform independent credit risk on issuers to identify relative value and investment opportunities with an entrepreneurial mindset.
• Perform due diligence, pre- and post-issuance, by engaging municipal issuers and investment bankers and making site visits (some domestic travel required).
• Actively monitor market themes and sector trends.
• Communicate investment recommendations, market themes and sector trends to portfolio managers, internal stakeholders and clients.
• Build and maintain relationships with investment bankers and analysts, the broker-dealer community, rating agencies, and legal professionals, among other market participants.

Skills

Credit analysis

Municipal market knowledge

Cash flow modeling

Communication skills

Financial analysis

Bond documents analysis

GAAP/GASB knowledge

Financial forecasting

Education

Bachelor's degree in related field

Tools

Excel

Portfolio systems

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, including niche markets.Every investment decision in our fixed income solutions is underpinned by the proprietary research of a globally integrated team of sector specialists. Our shared research language, combining fundamental, quantitative valuation and technical inputs, facilitates the comparison of ideas across sectors and geographies.Global Fixed Income, Currency and Commoditiesmanages 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.

As a Municipal Research Analyst in the Municipal Fixed Income Research team, you will work closely with a global team of Analysts, Portfolio Managers, and Investment Specialists to evaluate municipal securities for investment opportunity and ongoing management.

Job Responsibilities

• Provide and maintain buy and/or sell investment recommendations via credit discussions and written credit reports for municipal securities for assigned sectors.
• Perform independent credit risk on issuers to identify relative value and investment opportunities with an entrepreneurial mindset.
• Perform due diligence, pre- and post-issuance, by engaging municipal issuers and investment bankers and making site visits (some domestic travel required).
• Actively monitor market themes and sector trends.
• Communicate investment recommendations, market themes and sector trends to portfolio managers, internal stakeholders and clients.
• Build and maintain relationships with investment bankers and analysts, the broker-dealer community, rating agencies, and legal professionals, among other market participants.

Required qualifications, capabilities and skills

• Minimum of 10years of experience in credit analysis.
• Bachelor’s degree in related field
• Critical Technical Skills
• Demonstrated ability to evaluate municipal issuer credit risk, determine relative value, and communicate concisely under typically stringent time constraints.
• Working knowledge or interest in municipal market technicals and identification of primary and secondary market opportunities.
• Proficient accounting and financial analysis skill with excellent cash flow modeling and revenue/expense forecasting and advanced knowledge of GAAP/GASB accounting.
• Ability to read and evaluate complex bond documents and structures with attention to detail.
• Strong written and oral communication and interpersonal skills; team-oriented.
• Demonstrated experience common business software packages/applications.

Preferred qualifications, capabilities and skills

• CFA or CFA candidate preferred.
• Degrees specializing in data science, finance and/or economics preferred.