Equity Research - Specialty & Consumer Finance - Associate

Location: New York, NY, United States

Job Family: Associates

About the Role

At JP Morgan Chase, we are a leading global financial services firm with a proud history of delivering superior advice and innovative solutions to our clients. As an Associate in Equity Research focusing on Specialty & Consumer Finance, you will join a top-tier team renowned for providing actionable insights and deep industry expertise. Based in our New York office, this role offers the opportunity to contribute to high-impact research that influences investment decisions for institutional investors worldwide. You will work closely with senior analysts to cover key sub-sectors such as credit cards, auto finance, and personal loans, leveraging JP Morgan's vast resources to uncover opportunities in a dynamic and evolving market. Your primary responsibilities will include conducting rigorous fundamental analysis, building sophisticated financial models, and authoring research reports that drive client value. You will engage with company executives, monitor regulatory shifts like those from the CFPB, and collaborate across our Markets division to ensure our insights are integrated into broader trading and advisory strategies. This position demands a blend of technical prowess and strategic thinking, allowing you to play a pivotal role in shaping JP Morgan's thought leadership in consumer finance. We seek motivated professionals who thrive in a collaborative, high-performance environment. With access to JP Morgan's unparalleled training programs and career development paths, this role is ideal for those looking to advance in equity research. Join us to make a meaningful impact on one of the world's most influential financial institutions while benefiting from a supportive culture that values innovation, integrity, and work-life balance.

Key Responsibilities

• Conduct in-depth fundamental analysis of companies in the specialty and consumer finance sectors to identify investment opportunities
• Build and maintain detailed financial models, including DCF, comparable company analysis, and scenario modeling
• Prepare and publish high-quality equity research reports, notes, and recommendations for institutional clients
• Interact with company management teams, attend industry conferences, and perform due diligence on potential investments
• Monitor market developments, regulatory changes, and macroeconomic factors impacting the consumer finance landscape
• Collaborate with sales and trading teams to provide actionable insights and support client queries
• Contribute to the development of sector-specific themes and forecasts for JP Morgan's research platform
• Assist in mentoring junior analysts and ensuring compliance with internal and regulatory standards
• Participate in cross-team initiatives to enhance research coverage and client engagement strategies

Required Qualifications

• Bachelor's degree in Finance, Economics, Business Administration, or a related field; MBA or advanced degree preferred
• 3-5 years of relevant experience in equity research, investment banking, or financial analysis within the financial services sector
• Strong understanding of specialty finance and consumer finance industries, including credit cards, auto loans, and personal lending
• Proficiency in financial modeling, valuation techniques, and equity research methodologies
• Excellent analytical skills with the ability to interpret complex financial data and market trends
• Series 7 and 86/87 licenses or willingness to obtain them
• Authorization to work in the United States without sponsorship

Preferred Qualifications

• Experience at a bulge-bracket investment bank or top-tier research firm
• Advanced knowledge of Bloomberg, FactSet, or Capital IQ for data analysis
• Prior publication of equity research reports or contributions to industry publications
• CFA charterholder or candidate in progress
• Familiarity with regulatory environments in consumer finance, such as Dodd-Frank and CFPB guidelines

Required Skills

• Financial modeling and valuation expertise
• Equity research report writing
• Data analysis using Excel and VBA
• Proficiency in Bloomberg and FactSet
• Industry knowledge of consumer finance regulations
• Strong quantitative and analytical abilities
• Excellent written and verbal communication
• Attention to detail and accuracy in reporting
• Time management in a fast-paced environment
• Team collaboration and interpersonal skills
• Critical thinking for market trend analysis
• Presentation skills for client interactions
• Adaptability to evolving financial markets
• Ethical judgment in handling sensitive information
• Research proficiency in sourcing reliable data

Benefits

• Competitive base salary and performance-based bonus structure
• Comprehensive health, dental, and vision insurance plans
• 401(k) retirement savings plan with generous company matching
• Paid time off, including vacation, sick days, and parental leave
• Professional development programs, including tuition reimbursement and CFA support
• Employee stock purchase plan and access to financial wellness resources
• On-site fitness centers and wellness programs at JP Morgan offices
• Global mobility opportunities and career advancement within the firm

JP Morgan Chase is an equal opportunity employer.