Okay, let’s calculate this. Jay has a CFA charter, which is a well-respected certification in the finance industry. He also has a degree from IMD Business School, which suggests he has a strong educational background. His skills in structured products, mortgage-backed securities, and credit risk transfer are in demand. Given his location in New York, which is a hub for finance, and his level of education and certification, I estimate his hourly rate to be around $200. This is slightly below the average rate for a CFA in the US, which can range from $250 to $400 per hour, but it's still a competitive rate for someone with his skills and experience.