Public Finance - Associate

About the role

J.P. Morgan's Public Finance team is seeking experienced public finance associate candidates to work with our Infrastructure Team. We are looking for adaptable individuals who can manage projects independently and assume a high level of responsibility as part of a team. A strong work ethic and commitment to the multi-year Associate program are essential. This role involves working under pressure in a demanding environment to produce accurate, detailed materials while meeting tight deadlines.

As a Public Finance Associate, you will provide investment banking solutions for the complex financing needs of the firm's public sector clients nationwide. You will collaborate closely with sales & trading, underwriting, derivatives, and debt capital markets desks for prospective and live transactions. This role offers opportunities to develop customized financial models, perform credit and debt capacity analyses, and execute bond financings.

Responsibilities

• Develop customized financial models using Excel to create tailored bond financing structures.
• Utilize industry-approved third-party programs (DBC) to prepare bond structures.
• Perform credit and debt capacity analyses for specific credits based on industry/sector.
• Prepare responses to requests for proposals (RFPs) as part of the solicitation process.
• Create and manage debt profiles for issuers/credits and evaluate existing debt portfolios for refunding or restructuring opportunities.
• Execute bond financings for all issues in which J.P. Morgan participates.
• Collaborate with all areas of Public Finance, including DCM, syndicate desks, credit origination, and derivatives marketing to pitch municipal clients and execute transactions.
• Interact with professionals across the firm to facilitate presentations, RFP responses, and bond transaction execution.
• Prepare presentation materials for bankers and senior management and participate in client presentations as required.

Requirements

• Ability to work well under pressure in a demanding environment, producing accurate, detailed materials while meeting tight deadlines.
• Proficiency in Microsoft Office Suite, including Excel, Word, and PowerPoint.
• Strong academic background, teamwork, communication skills, and a high energy level.
• Undergraduate degree from a competitive university with coursework in finance or economics.
• Previous Public Finance experience at an investment bank or financial advisory firm.
• Experience with DBC software, bond structuring, and transaction execution.

Preferred Qualifications

• Adaptable, with the ability to manage projects independently and assume a high level of responsibility.

Benefits

We offer a competitive total rewards package, including base salary determined by role, experience, skill set, and location. Eligible roles may receive commission-based pay and/or discretionary incentive compensation, awarded in cash and/or forfeitable equity. Benefits include:

• Comprehensive health care coverage.
• On-site health and wellness centers.
• A retirement savings plan.
• Backup childcare.
• Tuition reimbursement.
• Mental health support and financial coaching.

Additional details about total compensation and benefits will be provided during the hiring process.

About Us

JPMorgan Chase, 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. With a history spanning over 200 years, we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing, and asset management.

J.P. Morgan's Commercial & Investment Bank is a global leader across banking, markets, securities services, and payments. We serve corporations, governments, and institutions in more than 100 countries, providing strategic advice, raising capital, managing risk, and extending liquidity in markets worldwide.