The Global Fixed Income, Currency and Commodities team (GFICC) at J.P. Morgan Asset Management is one of the world’s deepest and best-resourced fixed income managers, with expertise across all major fixed income sectors, including niche markets. Every investment decision in our fixed income solutions is underpinned by the proprietary research of a globally integrated team of sector specialists.
GFICC manages a broad range of strategies, through funds and/or separate accounts, including investment grade credit, high yield, emerging market debt, unconstrained and aggregate strategies, long duration, stable value, FX, short duration, global bonds, structured products, mortgages and tax-aware strategies.
The Securitized Credit Research team within Global Fixed Income, Currency & Commodities is responsible for fundamental investment research and analysis across the full spectrum of securitized credit assets, including ABS, CLOs, CMBS, and non-agency RMBS. Our team has a proven long-term track record of strong performance and is responsible for over $80bn in securitized credit AUM.
As a research analyst on the Securitized Credit team, you will conduct fundamental research and drive investment performance across the various securitized credit sectors for GFICC's strategies, with a focus on ABS and/or non-agency RMBS investing, using both quantitative and qualitative analysis.
Job Responsibilities
- Conduct comprehensive sector and issuer due diligence, actively tracking trends, performance, and macroeconomic drivers to formulate well-supported investment recommendations for sectors and individual securities
- Formulate clear, actionable buy/sell recommendations in both new issue and secondary markets and effectively communicate them to the broader investor community, including through detailed written credit opinions
- Proactively monitor market themes and sector trends to identify compelling investment opportunities
- Conduct rigorous surveillance and monitoring to identify risks to holdings while continuously enhancing surveillance tools and processes
- Develop sophisticated models to enhance investment analysis and forecast performance for consumer or real-estate related assets
- Aggregate and analyze large sets of data to rigorously develop and test investment opinions
- Build and maintain strong relationships with both internal and external participants, including portfolio managers, investment specialists, issuers, rating agencies, and broker-dealers
Required qualifications, capabilities and skills
- 7+ years of meaningful securitized credit experience across one or more sub-sectors
- Demonstrated knowledge of one or more securitized sectors including ABS and/or non-agency RMBS
- Proficiency with Intex and/or Trepp
- Excellent written and verbal communication skills, with the ability to communicate concisely and effectively under typically stringent time constraints
- Proven ability to work effectively in a team-oriented environment and successfully manage multiple tasks
Preferred qualifications, capabilities and skills
- Programming skills are a strong plus
- Ideal experience as a research analyst, portfolio manager, banker, structurer, or trader