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Power Trader - Vice President

AT JPMorgan Chase
JPMorgan Chase

Power Trader - Vice President

Houston, TX

Commodities are typically sorted into four broad categories: metal, energy, livestock and meat, and agricultural products. Commodities are considered risky investments because the supply and demand of these products are affected by events that are difficult to predict, such as weather, epidemics, and natural and human-made disasters. There are many ways to invest in commodities, including futures contracts, options, and exchange-traded funds (ETFs).

Job Summary:

As a Power Trader within our dynamic team, you will support Senior Traders in capitalizing on derivative client flow through the sales desk, ensuring efficient client value monetization. You will play a crucial role in assisting traders to monetize derivative client flow via the sales desk, contributing significantly to revenue maximization.

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Job Description:

  • All following descriptions pertain to U.S. power markets with a preference in East Power (PJM, New England, New York, MISO)
  • Monetize derivative client flow via the sales desk, to price it competitively and monetize client value as efficiently as possible
  • Value and managed structured transactions
  • Establish views and ideas in the market of expertise and utilize all avenues available to create opportunities
  • Develop and maintain analytical tools for fundamental analysis as well as risk management tools
  • Manage daily tasks such as marking books, market commentary, and other internal processes.
  • Work together with other internal groups such as sales, QR, and other trading teams

Job Responsibilities:

  • Appropriately sizes, understands, and manages risk in the portfolio commercially
  • Take into consideration, risk, credit costs and the competitive environment when pricing
  • Managing client risk in order to minimize and capture client value efficiently
  • Proactively runs risk with educated views on underlying markets in order to create added value from that client flow
  • Distils complex ideas or structures into meaningful communications
  • Enhances reputation of firm through expertise, professionalism, and maturity in verbal and written communications
  • Builds and leverages partnerships to deliver the whole firm to clients

Required qualifications, capabilities, and skills

  • Ability to work well under pressure, with several people of different nationalities and personalities; and a high degree of initiative and commitment.
  • Minimum Bachelor's degree or equivalent required
  • Minimum 5 years' experience in trading power products in US Power markets
  • Strong understanding of U.S. power and gas infrastructure

Preferred qualifications, capabilities, and skills

  • Strong computational skills in Python, SQL, and/or other programming languages, preferred.


ABOUT US

JPMorganChase, 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. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.

We offer a competitive total rewards package including base salary determined based on the role, experience, skill set, and location. For those in eligible roles, we offer discretionary incentive compensation which may be awarded in recognition of firm performance and individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.

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.

JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans

ABOUT THE TEAM

The Corporate & Investment Bank is a global leader across investment banking, wholesale payments, markets and securities services. The world's most important corporations, governments and institutions entrust us with their business in more than 100 countries. We provide strategic advice, raise capital, manage risk and extend liquidity in markets around the world.

Clients turn to our industry-leading Markets, Sales and Research team to offer clients unique market insights on sectors and companies, and actionable ideas using research to make well-informed investment decisions. Teams understand products across asset classes and help clients structure solutions that manage risk, enhance yield and solve complex financial problems.

Client-provided location(s): Houston, TX, USA; New York, NY, USA
Job ID: JPMorgan-210564867
Employment Type: Full Time