Securitized Products Group - CMBS Strategy - Associate

Aumni; New York (NY); On-site; USD 120,000 - 180,000; Full time

Job summary

JPMorganChase’s US CMBS Strategy team seeks an Associate to help shape insights and strategy for institutional investor clients. The role is part of the Commercial & Investment Bank’s research organization delivering analysis on CMBS, spanning Agency CMBS and private label segments.

Responsibilities include producing research reports, developing forecasts with economists, and building analytical frameworks to support strategic initiatives while engaging both internal teams and external clients.

Qualifications

• Bachelor’s degree in a related field.
• Strong quantitative and analytical skills with the ability to interpret complex datasets and extract actionable insights.
• Proficiency in Python and advanced Microsoft Excel for data analysis and workflow automation.
• Excellent written and verbal communication skills with the ability to explain complex concepts clearly to varied audiences.
• Strong collaboration skills and ability to work effectively across partners (e.g., economists, strategists, sales & trading).
• Ability to manage multiple priorities and deadlines in a fast-paced, dynamic environment.
• Intellectual curiosity, high sense of urgency, strong work ethic, and a team-oriented mindset.

Responsibilities

• Write and produce regular research reports, including flagship publications and special topic notes.
• Partner with economists and strategists to develop forecasts and communicate market views.
• Build and enhance analytical frameworks and datasets to support strategic initiatives.
• Engage internal sales and trading teams and external institutional clients to communicate research and respond to requests.
• Contribute to trade idea generation using valuation frameworks and anticipated market catalysts.
• Monitor market developments to keep analyses and viewpoints current and decision-useful.

Skills

Analytical thinking

Written and verbal communication

Cross-functional collaboration

Ability to manage multiple priorities

Intellectual curiosity

Education

Bachelor’s degree in related field

Tools

Python

Microsoft Excel

Job description

Join JPMorganChase’s US CMBS Strategy team as an Associate, where you’ll help shape insights and strategy for institutional investor clients. You will be part of the Commercial & Investment Bank’s research organization delivering analysis and analytics on commercial mortgage-backed securities.

Our coverage spans Agency CMBS (GSE and Ginnie Mae-guaranteed) and private label (non-Agency) CMBS. The role involves developing views grounded in commercial real estate and CMBS credit fundamentals, market technicals, and deal structuring.

Job responsibilities

• Write and produce regular research reports, including flagship publications and special topic notes
• Partner with economists and strategists to develop forecasts and communicate market views
• Build and enhance analytical frameworks and datasets to support strategic initiatives
• Engage internal sales and trading teams and external institutional clients to communicate research and respond to requests
• Contribute to trade idea generation using valuation frameworks and anticipated market catalysts
• Monitor market developments to keep analyses and viewpoints current and decision-useful

Required qualifications, capabilities, and skills

• Bachelor’s degree in a related field
• Strong quantitative and analytical skills, with the ability to interpret complex datasets and extract actionable insights
• Proficiency in Python and advanced Microsoft Excel for data analysis and workflow automation
• Excellent written and verbal communication skills, with ability to explain complex concepts clearly to varied audiences
• Strong collaboration skills and ability to work effectively across partners (e.g., economists, strategists, sales & trading)
• Ability to manage multiple priorities and deadlines in a fast-paced, dynamic environment
• Intellectual curiosity, high sense of urgency, strong work ethic, and a team-oriented mindset

Preferred qualifications, capabilities, and skills

• 2-4 years of fixed income experience
• Specialization in economics, mathematics, engineering, or data science
• Familiarity with AI workflows and applied analytics methods
• Experience applying valuation frameworks and translating analysis into trade ideas

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

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. Shape CMBS strategy insights for institutional investors through research, analytics, and client engagement.