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CIB – CMBS Credit Trading & Special Opportunity Lending – VP/ED

Job Description

J.P. Morgan’s Corporate & Investment Bank (CIB) is a global leader across banking, markets and investor services. The world’s most important corporations, governments and institutions entrust us with their business in more than 100 countries. With $18 trillion of assets under custody and $393 billion in deposits, the Corporate & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.


VP/ED within the Sales & Trading teams work with top professionals to advise and facilitate transactions with a variety of institutional clients comprising of banks, fund managers, pension funds, insurance companies and hedge funds

 

Duties: 

 

Primary responsibilities include managing the CMBS desks’ credit trading (2.0/3.0) and the special situations lending, which can include the origination and trading of mortgages and subordinate debt products. Candidate must be able to lead discussions with Borrowers or Borrower representatives on analyzing underwriting assumptions, with the ability to provide well researched support for positions, Perform property level analysis and market research for prospective structured credit acquisitions and lending opportunities and generally manage transaction and execution of deals.  Also includes training junior traders on the desk to help them grow into more senior roles and responsibilities. Coordinate with desk research, analysts and other traders to better manage the firms risk and be in the best position possible to service its clients’ needs. Perform risk management functions and trading of the below IG CMBS book. Manage the market risks associated with new and existing trades and new lending activity.   

 

Here are responsibilities in more detail:


  • Originate and analyze trading and investment opportunities in CMBS and commercial real estate related structured credit, such as first mortgage and subordinated lending products

  • Lead discussions with Borrowers or Borrower representatives on analyzing underwriting assumptions, with the ability to provide well researched support for positions

  • Perform property level analysis and market research for prospective structured credit acquisitions and lending opportunities

  • Overall transaction management and execution responsibilities

  • Review legal documents (loan documents, modification agreements, Pooling and Servicing Agreements, leases, property management agreements, etc.)

  • Review 3rd party reports (appraisal, property condition, environmental)

  • Conduct property / site inspections

  • Active participation in developing, enhancing and documenting current credit / fundamental valuation methods

  • Work as part of an effective team to support the surveillance, analysis and reporting of structured credit and lending transactions

  • Utilize ongoing surveillance to determine and analyze active measures to enhance performance

    Required:

    •  Must have experience with investment grade, high yield CMBS markets and commercial real estate lending.
    • Must have demonstrated quantitative knowledge of financial mathematics and advanced derivatives pricing, and analytical skills across several fixed income markets, including rates and structured credit markets.
    • Bachelor’s degree or equivalent in Math, Statistics, Economics, Finance, or related quantitative field

     

    Preferred Qualifications -

    • Master’s degree or equivalent in Math, Statistics, Economics, Finance, or related quantitative field
    • 5 years CMBS credit trading and/or commercial real estate lending/workout experience or related experience
    • OR - 7 years of corporate credit trading experience or related experience.

      JP Morgan Chase & Co. offers an exceptional benefits program and a highly competitive compensation package.

       

      JP Morgan Chase & Co. is an Equal Opportunity and Affirmative Action Employer, M/F/D/V.
      Req #: 150037913
      Location: New York, NY US
      Job Category: Sales/Trading/Research
      Employment Type: Full Time
      Potential Referral Amount: 0 US Dollar (USD)

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