Securitized Products Group - CMBS Strategy - Associate

Join JPMorganChase's US CMBS Strategy team as an Associate, where you'll help shape insights and strategy for institutional investor clients.

You will be part of the Commercial & Investment Bank's research organization delivering analysis and analytics on commercial mortgage-backed securities.

Our coverage spans Agency CMBS (GSE and Ginnie Mae-guaranteed) and private label (non-Agency) CMBS.

The role involves developing views grounded in commercial real estate and CMBS credit fundamentals, market technicals, and deal structuring.

Job 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

Required qualifications, capabilities, and skills
• Bachelor's degree in a related field
• Strong quantitative and analytical skills, with 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, with ability to explain complex concepts clearly to varied audiences
• Strong collaboration skills and ability to work effectively across partners (e.g., economists, strategists, sales & trading)
• Ability to manage multiple priorities and deadlines in a fast-paced, dynamic environment
• Intellectual curiosity, high sense of urgency, strong work ethic, and a team-oriented mindset

Preferred qualifications, capabilities, and skills
• 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

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, award...