J.P. Morgan's Public Finance group is looking to add an Associate to the Debt Capital Markets (DCM) team with a background in municipal finance, municipal banking, or municipal financial advisory. As an Associate on J.P. Morgan's Public Finance DCM team you will be responsible for providing markets-based solutions for the complex financing needs of the firm's public finance clients throughout the country. Public Finance DCM provides exposure to all aspects of the capital markets by working closely with our sales & trading, underwriting, derivatives, and banking teams for prospective client pitches and execution of live transactions.
J.P. Morgan has an industry-leading Public Finance platform serving the investment banking needs of municipalities, non-profits, and taxable/tax-exempt fixed income investors. Public Finance Issuer clients include: state & local government, transportation, energy, housing, higher education, non-profit healthcare and corporate-backed sectors. Public Finance Investor clients include: asset managers, mutual funds, money market funds, insurance companies, corporations, hedge funds, high net worth individuals, and retail investors. The municipal market is a $3.9 trillion market with over $300 billion in annual issuance and over 40,000 different issuers.
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DCM is a capital market solutions group, bridging the gap between banking and sales/trading. DCM coordinates market analytics, product development/standards, private placements, tenders/exchanges, regulatory initiatives, and client risk management frameworks working across all functions in the department.
Job Responsibilities:
- Develop products that meet evolving needs of issuers and investors
- Drive deal process and provide oversight for select bond products
- Evaluate issuer debt portfolios for refunding/restructuring opportunities
- Produce compelling analytics for clients
- Facilitate high quality market content directly to issuers and provide leverage to banking groups through centralization of market information
- Assist in RFP responses and transaction execution
- Develop financial models using Excel for customized bond structures
- Perform credit and debt capacity analyses, as required
- Execute a variety of bond transactions, across products, sectors and the credit spectrum
- Prepare presentation materials for client meetings and participate in client presentations, as required
Required Qualifications, Capabilities, and Skills:
- Strong work ethic, academic strength
- Exhibits effective teamwork and communication skills, high energy level, and a genuine passion for excellence
- Previous Public Finance experience at an investment bank or financial advisory firm required
- Experience with DBC software, bond structuring and transaction execution preferred
- Ability to multi-task, flexibility, assertiveness
- Processes new information quickly and effectively; interest in Public Finance clients & industry
- Strong verbal and written skills; excellent project manager; concise presenter
- Works well under pressure in a demanding environment, producing accurate, detailed materials while meeting tight deadlines
- Experience with Excel, Powerpoint, and Bloomberg
- Experience or background in computer science and artificial intelligence is a plus
- Undergraduate degree from a competitive university is required
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.