JPMorgan Corporate & Investment Bank 

United States, New York, New York 

562100684

DESCRIPTION:

QUALIFICATIONS:

Minimum education and experience required: Bachelor's degree in Economics, Mathematics, Computer Science, Business Administration, or related field of study plus 2 years (24 months) of experience in the job offered or as Corporate & Investment Bank, Trading or related occupation.

Skills Required: This position requires experience with the following: MBS prepayment and interest rate risk; Prepayment models to project prepayments and running sensitivity analysis to different yield curve scenarios; Performing relative value analysis on mortgage basis, spread risk, coupon swaps, coupon flies, and agency swaps including Ginnie Mae, Fannie Mae, and term swaps including Fannie 15y/30y;Option adjusted risk metrics including OAS, OAD, OAC; Treasury spread risk metrics including I-spread and Z-spread; Financial asset metrics including loan term, weighted average coupon, factors, yield, book value, credit score, loan-to-value, and debt- to-income; Prepayment concepts including CPR, PSA, SMM, curtailment, buyouts, and cash-out; Working with state-level mortgage laws in New York, Florida and Texas; GSE loan-level price adjustment; Utilizing Bloomberg Yield Table, Roll Analysis, and TBA Pricer to price Agency ARMs and Fixed Rate Mortgages; Hedging specified pools; Market making in specified pools; financial accounting regarding AFS/HTM portfolios of US domestic banks and how regulations such as Basel III affect capital cost; Generating graphs and tables to demonstrate mortgage bond math and mortgage backed security structuring concepts; collateral selection to re-structure single-class pass through securities with Fannie Mae and Freddie Mac; Collateralized Mortgage Obligation (CMO) market; Trading platforms including Tradeweb, and Dealerweb; Trading treasury market with treasury futures contracts; VBA; Python. This position requires the following license(s): Series 7, Series 63, and SIE.

Job Location: 383 Madison Ave, New York, NY 10179.

Full-Time. Salary: $175,000 - $200,000 per year.