Agency MBS Portfolio Manager - Associate

When someone joins JPMorgan Chase, they should know this is a place where they belong. The Treasury and Chief Investment Office (TCIO) at JPMorgan Chase & Co. is responsible for firm wide asset and liability management for one of the worlds largest global financial institutions with more than $5.0tn in assets and liabilities, including more than $2.7tn in deposits. TCIO oversees a $800 billion global investment securities portfolio that is used to earn returns on excess deposits while managing the interest rate risk of the firm against its liabilities. We are looking for a junior portfolio manager to join our TCIO Investment Portfolio Agency Mortgage-Backed Securities Team, one of the primary asset classes within TCIOs broader portfolio of fixed income investments.

As an Associate or Vice President in our Investment Portfolio Agency Mortgage-Backed Securities Team, within the TCIO, you will spend each day generating research, executing trades, and monitoring markets — contributing to a team responsible for prudently managing the firms Agency MBS investments with the goal of maximizing risk-adjusted returns in the context of the firms overall objectives and capital and liquidity framework.

Conduct data-driven, relative-value analysis to generate trade ideas and help inform the portfolios overall MBS exposure, coupon positioning, and security selection across TBA and specified pool markets

Analyze broader trends around supply and demand, prepayments, housing, and the macro environment to inform positioning

Prepare and deliver presentations and market updates for the broader TCIO Investment Portfolio team and senior management

Work with business partners including Middle Office, Risk, Finance, and TCIO Strategy

Strong quantitative and data analysis skills

~ ability to engage in and promote healthy discussion about markets and potential investments

Strong understanding of mortgage market dynamics, prepayments, and convexity

~ Proficiency in Python or similar for manipulating and analyzing data

~ 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.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.

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. 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. 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. JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans

Our professionals in our Corporate Functions cover a diverse range of areas from finance and risk to human resources and marketing. Our corporate teams are an essential part of our company, ensuring that we’re setting our businesses, clients, customers and employees up for success.