Public Finance - Investor Marketing and Credit Analysis - Analyst

JP Morgan Chase; New York (NY); On-site; USD 90,000 - 150,000; Full time

Benefits offered by this job

Base salary package

Commission-based pay

Discretionary incentive compensation

Health care coverage

Retirement savings plan

Tuition reimbursement

Job summary

JPMorganChase's New York team analyzes municipal finance opportunities, building credit-based trade ideas and supporting primary market activities. The role emphasizes rapid data interpretation, complex document review, and client-facing communication.

You will draft notes, perform sector research, and contribute to marketing strategies while maintaining a strong interest in municipal issuers and markets. This is based on NYC trading floor operations.

Qualifications

• Strong knowledge or interest in public finance and the municipal bond market.
• Up to 3 years' experience in financial markets (rating agency, investment bank, asset manager, muni advisor or issuer).
• Analytical skills: financial statement analysis and quantitative modeling; interpret complex legal documents.
• Communication skills: strong verbal and written communication; client-facing experience beneficial.
• Interpersonal skills: ability to multi-task; flexible and team oriented.
• Ability to process new information quickly in a fast-paced trading floor environment.
• Immediate availability to start.

Responsibilities

• Read and interpret rating agency publications and muni issuer disclosures.
• Develop credit research based trade ideas.
• Draft credit notes, analyze comparables and update desk on engagement for primary market bond sales.
• Perform ad hoc research assignments related to sector credit themes.
• Develop technology tools to streamline analysis and automate tasks.
• Maintain an interest in municipal bond investing and issuers.

Skills

Public finance knowledge

Financial markets experience

Financial statement analysis

Credit modeling

Legal document interpretation

Verbal and written communication

Teamwork and multi-tasking

Immediate availability

Tools

Excel

Bloomberg

Job description

Job Description

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.

Job Responsibilities

• Read and interpret rating agency publications as well as muni issuer disclosure documents
• Develop credit research based trade ideas
• Draft credit notes, analyze comparables and update desk on engagement for primary market bond sales
• Perform ad hoc research assignments relevant to sector credit themes
• Develop technology tools to streamline analysis and automate ongoing desk tasks
• 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

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.

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.