As a Residential Structured Finance Analyst in the Structuring Team, you will create residential mortgage-backed security deals based upon communications with issuers, investors, traders, syndicate, rating agencies, accountants, trustees, and various other stakeholders. Teamwork amongst various groups within the company, and counterparties outside the firm, is a crucial requirement to analyze residential mortgage loans to facilitate the purchase, sale, financing and securitization of these assets. You will interact with various internal and external parties involving all aspects of residential mortgage securities transactions and leverage valuable insight into the purchase, sale, financing, valuation and securitization of residential mortgage-backed securities.
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Job Responsibilities:
- Provide structural options for various types of residential mortgage loans
- Complete execution analysis to ensure transparency and understanding of deal execution with stakeholders
- Interact with various stakeholders to prepare and review pertinent language for deal term sheet and offering materials including, but not limited to, cashflow waterfall pay rules, structuring assumptions and bond characteristics
- Reverse engineer securitizations and model various collateral cash flow types
- Run various cash flow scenarios for Accountant and Trustee tie out as well as Rating Agency stresses
- Collaborate across functional teams including trading, sales, research, syndicate and technology
- Work with third-party data providers (Bloomberg, Intex, Yield Book) to post, update and model new issue transactions as a part of the pre-marketing and marketing processes
Required qualifications, capabilities and skills:
- 3+ years of relevant experience in residential mortgage structuring at an investment bank, rating agency or other investment office
- Working knowledge of various residential mortgage structural options
- Quantitative and analytical skills including significant expertise in INTEX, Yield Book and Bloomberg
- Experience with unstructured data, fixed income pricing and mathematics
- Bachelor's degree or advanced education with quantitative or finance and accounting background
- Excellent communication skills and strict attention to detail
- Ability to work under competitive pressure, multi-task, prioritize and manage timelines, relationships and deliverables
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.