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. Our shared research language, combining fundamental, quantitative valuation and technical inputs, facilitates the comparison of ideas across sectors and geographies. GFICC manages a broad range of strategies, through funds and/or separate accounts, including broad market, long duration, stable value, intermediate high yield, emerging market debt, short and ultra-short duration, global bonds, structured products, mortgages, and tax-aware strategies. The Customized Bond Portfolio (CBP) Team within Global Fixed Income, Currency & Commodities (GFICC) manages over $170 billion in fixed income assets across 90,000+ separately managed accounts. The Municipal Bond team within CBP manages $80 billion across 30,000 separately managed accounts. The team focuses on Investment Grade municipal credits, for both passive (laddered) and active strategies.

As a Portfolio Manager on the Municipal Bond team you will assist in monitoring municipal holdings in SMA strategies. You will function as a bridge between the portfolio managers and the municipal research team.

 

Job Responsibilities

Make buy, sell and/or hold recommendations for different strategies and risk appetites based on the Credit Research team’s fundamental analysis and own views. Consider portfolio management factors in such recommendations, including book yield, tax impact, scarcity (for specialty states), mandate (buy & hold vs total return). Collaborate closely with the Credit Research team to identify market trends, analyze individual credits, and assess relative value across securities. Play an active role in the investment and portfolio construction decisions for existing and new accounts. Review external portfolios for acceptability based upon internal guidelines. Maintain and report on the current events of a certain credit(s) by analyzing the news, rating agency actions and other analyst publications. Identify risks at the borrower and sector level. Share knowledge, both verbally and in writing (internal use only) regarding ongoing credit or sector developments. Provide research material on specific issuers, market trends and general municipal issues to the CBP team and other areas of asset management. Meet with internal and external clients and prospects and respond to inquiries from stakeholders. Contribute to the ongoing development of credit analysis and portfolio management tools.

 

Required qualifications, capabilities, and skills. 

Minimum 5 years of buy side experience in credit analysis. Demonstrated ability to evaluate municipal issuer credit risk and communicate concisely under typically stringent time constraints.  Excellent responsiveness and problem-solving skills with a high attention to detail. Must possess exceptional communication skills both written and oral and be able to communicate his/her thoughts to external clients and internal partners. Solid decision-making skills that could impact our risk-taking capabilities.  Ability to work proactively and creatively in a team environment.  Experience using Bloomberg.

 

Preferred qualifications, capabilities, and skills

Separately Managed Account and Investortools Perform system experience a plus.