Securitized Products Group - CMBS Strategy - Associate

JPMorgan Chase & Co. • New York, NY

2d • $150,000 - $200,000

About The Position

Join JPMorganChase’s US CMBS Strategy team as an Associate, helping shape insights and strategy for institutional investor clients. The role is part of the Commercial & Investment Bank’s research organization and delivers analysis and analytics on commercial mortgage-backed securities. Coverage includes Agency CMBS (GSE- and Ginnie Mae-guaranteed) and private-label (non-Agency) CMBS. The work develops views grounded in commercial real estate and CMBS credit fundamentals, market technicals, and deal structuring.

Requirements

• Bachelor’s degree in a related field.
• Strong quantitative and analytical skills, including 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, including the ability to explain complex concepts clearly to varied audiences.
• Strong collaboration skills and ability to work effectively across partners such as economists, strategists, and sales and trading teams.
• Ability to manage multiple priorities and deadlines in a fast-paced, dynamic environment.
• Intellectual curiosity, a high sense of urgency, a strong work ethic, and a team-oriented mindset.

Nice To Haves

• 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.

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.

Benefits

• Competitive total rewards package, including base salary and, for eligible roles, 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