Investment Banking - Equity Capital Markets, Convertibles - Associate

JPMorgan Chase & Co. • New York, NY

2d

About The Position

As an Associate in J.P. Morgan’s Equity Capital Markets (ECM), Convertibles team, you will help originate financing ideas and manage day-to-day execution of convertible bonds, mandatory convertibles, and related equity-linked transactions. You will work with senior bankers and corporate clients to assess financing alternatives, develop transaction structures and pricing analyses, and prepare client presentations. The role coordinates work across investment banking coverage, syndicate, sales and trading, equity derivatives, and internal control functions. It also includes reviewing Analysts’ work and providing day-to-day guidance, applying transaction experience and commercial judgment to help build J.P. Morgan’s franchise and market reputation.

J.P. Morgan’s Commercial & Investment Bank serves corporations, governments, and institutions around the world, providing strategic advice, raising capital, managing risk, and extending liquidity. The firm describes its culture as inclusive and committed to collective success.

Requirements

• Bachelor’s degree in Accounting, Economics, Engineering, Finance, Math, Statistics, or a related field.
• At least 3 years of relevant front-office investment banking or capital markets experience.
• Strong accounting, finance, quantitative, and business-writing skills, with 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 execution.
• Excellent written and verbal communication skills and the ability to present analyses and interact effectively with corporate clients, senior bankers, and transaction advisers.
• Ability to manage multiple transaction workstreams and competing priorities in a fast-paced, collaborative environment, with attention to detail and sound judgment.
• Self-directed and highly motivated, with the ability to own day-to-day execution, work independently, and deliver accurate analysis under tight deadlines.
• Ability to review junior team members’ work, provide constructive guidance, and maintain high-quality deliverables.

Nice To Haves

• Experience executing convertible or other equity-linked financing transactions.

Responsibilities

• Originate, structure, and execute convertible bonds, mandatory convertibles, and related equity-linked financing transactions for issuer clients in partnership with senior bankers.
• Identify potential issuer opportunities and financing needs, and prepare tailored pitches, RFP responses, and financing recommendations.
• Partner with industry coverage, syndicate, sales and trading, equity derivatives, debt capital markets, legal, compliance, and risk management teams to develop client solutions and execute transactions.
• Monitor convertible-market conditions, investor demand, and transaction activity, and turn market intelligence into financing ideas for clients.
• Develop and review financial models, pricing and valuation analyses, accretion/dilution assessments, precedent transactions, and investor-targeting analyses.
• Prepare client and investor presentations and internal committee memoranda; 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 for analytical accuracy and execution quality.

Benefits

• Competitive total rewards package, including base salary; eligible roles may also receive commission-based pay and/or discretionary incentive compensation in cash and/or forfeitable equity.
• Comprehensive health care coverage.
• On-site health and wellness centers.
• Retirement savings plan.
• Backup childcare.
• Tuition reimbursement.
• Mental health support.
• Financial coaching.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level