JP Morgan's USD Swaps desk is part of one of the top Interest Rates Trading businesses on Wall Street, and we are currently looking for a qualified and experienced candidate in USD swaps, to be a junior trader on the medium terms swaps book. At least 1 year of trading experience in USD Rates products is a pre-requisite.
Position Description:
As an Associate on the USD Swaps desk at JP Morgan, you will play a crucial role in pricing client trades, hedging risks, and managing operational duties. You will work closely with our team to meet expectations on pricing, risk, hedging, and the direction of the book. Your operational responsibilities will include booking and confirming trades, liaising with sales and sales assistants, reporting desk P&L, and working on spreadsheets and coding projects. This role offers a unique opportunity to grow within a strong franchise, where you can demonstrate your trading competencies, communication skills, and ability to take direction and feedback. Your contribution will be key in generating revenue and servicing our client base.
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Job Responsibilities:
- Pricing small to medium sized client trades
- Hedging risks to trades and the book, including duration, curve, swap spreads, ust futures, fed fund futures, sofr futures, FOMC date risk, and various basis risks.
- Developing desk infrastructure for risk and P&L
- Working with the desk to develop analytics for relative value trading in both cash and derivatives
- Managing all operational duties for reporting P&L, risk, and anything ad hoc asked by the desk including projects or specific data gathering.
Required qualifications, capabilities, and skills:
- Minimum of 1 yr of trading experience
- Undergraduate degree
- Strong interpersonal and communication skills
- Interest in markets and macro products
- Ability to take direction and constructive feedback, while meeting time sensitive deadlines on a daily basis
Preferred qualifications, capabilities and skills:
- Undergraduate technical/STEM degree
- Basic understanding of interest rate derivatives and cash products
- Familiarity with Excel
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.