What are the responsibilities and job description for the Short Duration Trading Desk - Associate position at JPMorganChase?
Job Description
JP Morgan’s Short Duration trading desk is part of one of the top Interest Rates Trading businesses on Wall Street, and we are currently looking for a qualified candidate to work on the trading desk, and help facilitate trading.
Position Summary
As an Associate on the Short Duration Trading Desk (Securities), you will be responsible for pricing client trades, hedging risks, and managing various operational duties. You will collaborate with the team to set expectations on pricing, risk, hedging, and the direction of the book. Your role will include handling desk projects and fulfilling daily operational requirements, such as booking and confirming trades, communicating with sales and sales assistants, reporting desk P&L, and working on spreadsheets and coding projects for desk intelligence. This position offers a unique opportunity to join a strong franchise in a junior trading role, where you can earn more responsibility by demonstrating your core trading competencies, strong communication skills, ability to take direction and critical feedback, and capacity to generate revenue and serve our client base.
Job Responsibilities
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. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of 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
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.
JP Morgan’s Short Duration trading desk is part of one of the top Interest Rates Trading businesses on Wall Street, and we are currently looking for a qualified candidate to work on the trading desk, and help facilitate trading.
Position Summary
As an Associate on the Short Duration Trading Desk (Securities), you will be responsible for pricing client trades, hedging risks, and managing various operational duties. You will collaborate with the team to set expectations on pricing, risk, hedging, and the direction of the book. Your role will include handling desk projects and fulfilling daily operational requirements, such as booking and confirming trades, communicating with sales and sales assistants, reporting desk P&L, and working on spreadsheets and coding projects for desk intelligence. This position offers a unique opportunity to join a strong franchise in a junior trading role, where you can earn more responsibility by demonstrating your core trading competencies, strong communication skills, ability to take direction and critical feedback, and capacity to generate revenue and serve our client base.
Job Responsibilities
- Pricing small to medium sized client trades
- Hedging risks to trades and the book, including duration, curve, swap spreads, futures, and on-off the run risk
- 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.
- 1 years of trading experience is required. No exceptions.
- Undergraduate degree
- SIE, Series 7, Series 63 required
- 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
- Undergraduate technical/STEM degree
- Basic understanding of interest rate derivatives and cash products
- Familiarity with Excel
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. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of 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
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.
