What are the responsibilities and job description for the FX Options Trader - Associate position at JPMorgan Chase?
The FX Options team is responsible for market-making in FX options and must be comfortable quoting large notional sizes.
Job Summary
As an Associate or Vice President on the FX Options Trading team, you will have a primary focus on a particular currency bloc. We expect you to be responsible, independent and able to work in smooth coordination with the larger team. Your role will involve market-making in FX options and you should be comfortable quoting large notional sizes. You will be dealing with a broad range of investors including money managers, banks, insurance companies, pension funds and corporates. This role requires strong communication skills and adept negotiation to transact effectively. You should have a strong understanding of foreign exchange and the macroeconomic promoters of the market. The work environment is fast-paced and challenging, requiring the ability to think and react quickly under pressure.
Job responsibilities
- Making markets in both vanilla and exotic Options
- Strategically manage risk of client flows and orders
- Actively focus on clients and manage relationships
- Working in close collaboration with the FX Options technology and Quantitative Research groups in order to help grow our electronic capabilities
- Provide support with mentoring and development of junior staff
Required qualifications, capabilities, and skills
- Demonstrable trading experience
- The ability to assess and understand risk around trading positions and market events
- Someone who thrives on the challenge of competitive pressures and is able to remain focused on client needs
- Maturity and the ability to succeed in a dynamic, fast-paced and open environment
- Attention to detail, adaptable and hungry to learn
- Ability to work effectively as part of a team
Preferred qualifications, capabilities, and skills
- Demonstrable years’ experience trading at a large bank;
- Demonstrable experience interacting with major institutional FX clients;
- Experience with electronic market making preferred;
- Bachelor degree, quantitative subjects preferred.