Investment Banking - Equity Capital Markets, Convertibles - Associate

JP Morgan Chase; New York (NY); On-site; USD 180,000 - 250,000; Full time

Benefits offered by this job

Competitive total rewards package

Health care coverage

On-site wellness centers

Retirement savings plan

Job summary

JPMorgan Chase is seeking an Associate in Equity Capital Markets, Convertibles, to originate and execute convertible bonds and related equity-linked financing for issuer clients. You will work with senior bankers to develop tailored pitches, pricing analyses and client presentations, coordinating across coverage and control functions.

You will review Analysts' work, manage multiple workstreams, and help build the firm’s franchise through rigorous analysis and precise execution in a fast-paced

Qualifications

• Front-office investment banking or capital markets experience required.
• Experience executing convertible or equity-linked transactions preferred.
• Strong financial modelling, valuation and pricing capabilities.
• Proficient in Excel and PowerPoint; ability to present analyses clearly.
• Excellent written and verbal communication with clients and teams.

Responsibilities

• Originate, structure and execute convertible bonds and related equity-linked financing.
• Develop tailored pitches, RFP responses and financing recommendations.
• Coordinate across coverage, syndicate, sales and trading, and legal teams.
• Monitor market conditions and translate into actionable ideas for clients.
• Prepare client/investor presentations and internal memos; review junior work.

Skills

Front-office IB experience

Equity-linked financing

Financial modelling

Pricing analysis

Excel & PowerPoint

Communication skills

Multi-tasking

Coaching junior staff

Education

Bachelor's degree in Accounting, Economics, Engineering, Finance, Math, Statistics, or related field

Tools

Excel

PowerPoint

Job description

As an Associate in our Equity Capital Markets ("ECM"), Convertibles team, you will play a key role in originating financing ideas and managing day-to-day execution of convertible bonds, mandatory convertibles, and related equity-linked transactions. You will work closely with senior bankers and corporate clients to evaluate financing alternatives, develop transaction structures and pricing analysis, and deliver client presentations. You will coordinate transaction workstreams across investment banking coverage, syndicate, sales and trading, equity derivatives and internal control functions, while reviewing Analysts' work and providing day-to-day guidance. You will use your transaction experience and commercial judgment to help build J.P. Morgan's franchise and reputation in the marketplace. Joining our team means becoming part of our inclusive culture, unified by the firm's mission and commitment to success.

Job Responsibilities

• Originate, structure and execute convertible bonds, mandatory convertibles, and related equity-linked financing transactions for issuer clients, working closely with senior bankers.
• Identify potential issuer opportunities and financing needs, and develop tailored pitches, RFP responses and financing recommendations for client discussions.
• Partner with industry coverage, syndicate, sales and trading, equity derivatives, debt capital markets, legal, compliance and risk management to develop client solutions and execute transactions.
• Monitor convertible market conditions, investor demand and transaction activity, and translate market intelligence into actionable financing ideas for clients.
• Develop and review financial models, pricing and valuation analysis, accretion / dilution assessments, precedent transactions and investor-targeting analysis for convertible and equity-linked issuances.
• Manage preparation of client and investor presentations and internal committee memoranda, and coordinate due diligence, transaction documentation and legal and accounting workstreams with clients and external advisers.
• Coordinate transaction timetables and day-to-day execution, including launch and pricing preparation
• Review Analysts' presentation materials, provide coaching and feedback, and maintain high standards of analytical accuracy and execution quality.

Required qualifications, capabilities, and skills

• Bachelor's degree in Accounting, Economics, Engineering, Finance, Math, Statistics, or related field.
• Minimum 3 years of relevant front-office investment banking or capital markets experience, including ideally experience executing convertible or other equity-linked financing transactions.
• Strong accounting, finance, quantitative and business writing skills, with demonstrated financial modelling, valuation and pricing capabilities and proficiency in Excel and PowerPoint.
• Strong understanding of convertible bonds, equity-linked instruments and relevant equity derivatives, including transaction structuring, pricing, accounting and the execution process.
• Excellent written and verbal communication skills, with the ability to present analyses and effectively interact with corporate clients, senior bankers and transaction advisers.
• Ability to manage multiple transaction workstreams and competing priorities in a fast-paced, collaborative team environment, with strong attention to detail and sound judgment.
• Self-directed, highly motivated and able to take ownership of day-to-day execution, work independently and deliver accurate analysis under tight deadlines.
• Demonstrated ability to review junior team members' work, provide constructive guidance and maintain high-quality deliverables.

ABOUT US

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.

• base salary determined based on the role, experience, skill set and location.
• 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.
• 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.

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

ABOUT THE TEAM

J.P. Morgan's Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.