Is this role FO or MO? Expected salary/bonus?
This job at JPMorgan is in the CIB and shows "Investment Banking" category. However, it seems like it's a MO role, especially since it's not in New York. Any insight would be appreciate. What could salary and bonus look like for this group? TIA!
CIB – Structured Products Group Database - Analyst
Location: Plano, TX US Job Category: Investment Banking Employment Type: Full Time
The SPG Residential Mortgage Loan Advisory Team is responsible for advising clients on the sale of re-performing and non-performing residential mortgage whole loans as well as portfolio optimization.
Analyst/Associate role – support the daily functions of the deal team in the management of transactions and analytics, database creation and manipulation.
RESPONSIBILITIES
Maintain the Transaction Database.
Databases are Excel and Access based
Automate manual processes using technology.
Design solutions for passing, collecting, and aggregating data to and from various sources (both electronically and through traditional methods). Manage the Deal Team’s Transaction Database by updating new pools, transaction schedule changes, due diligence results, side letter status, bid information, client information, client coverage, servicer information, servicing transfer results and repurchase claims. Assist in the pool selection process. Maintain documentation of various transaction required approvals. Assist in the loan sale process by assisting with the creation of marketing materials, managing the valuation process and tracking bids and trade color. Analyze and compare marketing pools to help determine pricing. Assist with settling the transaction. Assist with the development and implementation of an asset management and portfolio oversight strategy for different portfolios
Preparing or “cracking” raw mortgage-related data into normalized data fields to produce usable information that can be analyzed economically and qualitatively
Qualifications Bachelor’s degree or advanced education with quantitative, computer science or finance background
2-4 years relevant professional experience with mortgage collateral, pricing and/or structuring
Must have experience with Excel, Access, SQL and VBA. Experience running financial models and manipulating data. Ability to create PowerPoint presentations. Knowledge of residential mortgage loans, mortgage credit and mortgage servicing
understanding of industry terms and fields that constitute relevant mortgage data
Excellent communication skills and strict attention to detail, must have an eye to spot data and patterns that do not conform to what would be expected for a given data set or report
Ability to work under competitive pressure, multi-task, prioritize and manage timelines, relationships and deliverables
advising clients = FO
Even if it's one division of the company advising another division of the same parent company?
It’s middle office or possibly even back office. Key phrase in the job description is “support the daily functions of the deal teams...” “Support” almost always means middle/back office.
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