Fixed Income
Posted on: 5 Feb 2021
New York City, New York
Job Description
DESCRIPTION:
Duties: Perform pricing and valuation of structured finance securities. Review data to perform pricing and valuation of structured finance securities (Products: CMBS, RMBS, CRECLO, DUS Pools, Project Loan Pools, Re-Securitizations). Respond to client inquiries by reviewing the security, loan surveillance, deal structure, pricing assumptions used, and relevant market color for accuracy, and relaying rationale behind inputs to the client. Interact with clients, portfolio managers, valuation controllers, and risk managers. Follow market trends to understand sentiment, research commentary, establish mechanisms to re-underwrite distressed loans and develop an enhanced methodology to incorporate quantitative parameters into security evaluations. Coordinate and communicate with trading desk, research team to ensure data quality. Interpret fundamental and technical factors that impact on security prices. Collaborate with IT support teams to improve processes used for valuation purposes. Assist senior managers with Challenge quality control processes for client portfolios.
QUALIFICATIONS:
Minimum education and experience required: This position requires a Masters degree in Quantitative Finance, Management, Financial Engineering, or related field of study and two (2) years of experience in the job offered or two (2) years of experience as a Financial Analyst, Portfolio Analysis Intern, Assistant Manager, or related occupation. The employer will accept a Bachelors degree and five (5) years of experience in lieu of a Masters degree and two (2) years of experience.
Skills Required: This position requires two (2) years of experience with the following skills and technologies: structure finance products and securities including CMBS, RMBS, and CLO; analyzing tranche types, deal structures, collateral characteristics, loan performance attributes, and necessary inputs to derive the value of structured finance securities; deriving the value of structured finance securities such as CMBS, RMBS, and CLO; analyzing discounted cash flow projections of structure finance securities backed by Residential mortgages, Commercial mortgages, through industry standard analytic systems;interpreting how trading is performed for structured finance securities including RMBS, CMBS, and CLO; determining the causes behind potential security price movements; impact of the broader fixed income credit markets on different structured products prices; analytical systems used in RMBS and CMBS, including Intex Desktop, Bloomberg, and Database MS Access; and programming in VBA, Python, Tableau, SQL, Sybase, and Access Database to maintain and update pricing methodologies, trade color, and other parameters.
JPMorgan Chase & Co.
New York, New York
JPMorgan Chase & Co. operates as a financial services company worldwide. It operates in four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.
The CIB segment provides investment banking products and services, including corporate strategy and structure advisory, and equity and debt markets capital-raising services, as well as loan origination and syndication; cash management and liquidity solutions; and cash securities and derivative instruments, risk management solutions, prime brokerage, and research.
This segment also offers securities services, including custody, fund accounting and administration, and securities lending products for asset managers, insurance companies, and public and private investment funds. The CB segment provides financial solutions, including lending, treasury, investment banking, and asset management to corporations, municipalities, financial institutions, and nonprofit entities, as well as financing to real estate investors and owners.
The AWM segment offers investment and wealth management services across equities, fixed income, alternatives, and money market fund asset classes; multi-asset investment management services; retirement products and services; and brokerage and banking services comprising trusts, estates, loans, mortgages, and deposits. The company also provides ATM, digital covering online and mobile, and telephone banking services. JPMorgan Chase & Co. has a collaboration agreement with Chicagoland Chamber of Commerce. The company was founded in 1799 and is headquartered in New York, New York.
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IndustryBanking/Financial Services
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No. of Employees255,998
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Website
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Jobs Posted9051
