Description

JPM Chase is ranked the #1 research house globally, recognized by its excellence and our global research platform offers cross-regions and cross-sectors collaborations with experienced local expertise across a wide range of coverages. Within JPM Chase, the research team provides valuable ideas and support to deal-making businesses.

Utilities is a core infrastructure sector across Latin America, with high investor relevance and frequent catalysts driven by regulation, tariffs, and capital allocation. As coverage expands across Brazil and the broader region, we have the opportunity to deepen our franchise through differentiated analysis, disciplined modeling, and high-impact client engagement.

As an Associate in the Latam Utilities Research team, you will support coverage of listed Utilities companies with a strong focus on Brazil, partnering closely with senior analysts to deliver actionable investment insights, maintain sector/company financial models, and contribute to client interactions and transaction-related support.

Job Responsibilities

• Maintain and enhance company and sector financial models, incorporating regulatory frameworks, tariff mechanisms, and scenario analysis
• Analyze earnings, operational updates, and regulatory developments; translate complex information into clear investment implications
• Produce high-quality written research (company notes, thematic pieces, valuation updates, sector dashboards) with strong attention to detail
• Perform relative valuation and peer analysis; develop and refine investment theses and key debates for the sector
• Track sector data (market, operational, and regulatory) and build repeatable processes to improve coverage efficiency
• Partner with internal stakeholders to support client engagement and deal-related activity (e.g., marketing materials, diligence support, and Q&A)
• Participate in client and company interactions, including calls, meetings, and corporate access, and help prepare senior team members
• Contribute to a culture of continuous improvement-identify new ways to automate, standardize, and elevate day-to-day research workflows

Required Qualifications, Capabilities, and Skills

• Self-motivated, collaborative, curious, diligent, and well-organized; able to manage multiple priorities under deadlines
• Strong interest in capital markets with a solid foundation in accounting and corporate finance
• Demonstrated strength in financial modeling (Excel-based forecasting, valuation, scenario/sensitivity analysis)
• Quantitative mindset: ability to work with large/complex datasets and convert findings into investment-relevant insights
• Strong written and verbal communication skills; ability to present clearly to colleagues, clients, and senior stakeholders
• Fluent English (written and spoken)

Preferred Qualifications, Capabilities, and Skills

• Prior exposure to Utilities, infrastructure, or other regulated sectors.
• Familiarity with Brazil/LatAm regulatory environments and comfort translating regulation into financial impacts
• Proficiency with market and data tools (e.g., Bloomberg/FactSet) and presentation materials (PowerPoint)
• Spanish fluency.

About Us

J.P. Morgan is a global leader in financial services, providing strategic advice and products to the world's most prominent corporations, governments, wealthy individuals and institutional investors. Our first-class business in a first-class way approach to serving clients drives everything we do. We strive to build trusted, long-term partnerships to help our clients achieve their business objectives.

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.

About the Team

J.P. Morgan's Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.