Public Finance - Investor Marketing and Credit Analysis - Analyst
About The Position
J.P. Morgan’s public finance investor marketing team provides credit trading recommendations to high yield and high grade traders, develops credit marketing strategies for new-issue municipal bond sales, and assesses credit structures and documentation for marketability. Its issuer clients include prominent tax-exempt and taxable borrowers such as hospital systems, transportation entities, utilities, universities, states, municipalities, and project finance borrowers. Investor clients include domestic and international mutual funds, asset managers, banks, hedge funds, and insurance companies. The Analyst will conduct independent research and analysis to develop actionable trade ideas. The role requires interpreting complex legal documents and assessing project financial feasibility and borrower creditworthiness. The Analyst will also perform data analysis, support secondary trading and the primary-market syndicate desk, contribute to marketing strategies, write credit reviews and pitch proposals, and help facilitate issuer roadshows. Work is quantitative and fast-paced, involving analysis of financial positions and trends, news and events, and relative value. The position is based in New York City and involves regular interaction with issuer and investor clients and developing those relationships over time.
Requirements
- Strong knowledge of or interest in public finance and the municipal bond market.
- Up to 3 years of experience in financial markets, such as at a rating agency, investment bank, asset manager, municipal financial advisor, or issuer.
- Financial statement analysis, accounting, and quantitative skills.
- Ability to build, interpret, and manipulate credit models and synthesize data to identify trends and conclusions.
- Ability to read and interpret complex legal documents.
- Strong verbal and written communication skills and professionalism and comfort in client-facing situations.
- Ability to multitask and demonstrate flexibility, assertiveness, a positive attitude, and teamwork.
- 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.
Nice To Haves
- Strong Excel skills.
- Strong Bloomberg skills.
Responsibilities
- Read and interpret rating agency publications and municipal issuer disclosure documents.
- Develop credit-research-based trade ideas.
- Draft credit notes, analyze comparables, and update the 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.
- Perform data analysis and provide credit support for secondary trading and the primary-market syndicate desk.
- Assist with developing marketing strategies, writing independent credit reviews and pitch proposals, and facilitating issuer roadshows.
- Interact regularly with issuer and investor clients and develop those relationships over time.
- Analyze financial positions and trends, news and events, and relative value.
Benefits
- Competitive total rewards package, including base salary determined by role, experience, skill set, and location.
- Eligible roles may 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.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
No Education Listed
