Short-Term Interest Rate Trading

JOB DESCRIPTION

Associates and Vice Presidents (VPs) within our Sales & Trading teams collaborate with top industry professionals to advise and facilitate transactions for a diverse range of institutional clients, including banks, asset managers, pension funds, insurance companies, and hedge funds. You will gain exposure to global capital flows and learn how institutional investors interact with prominent borrowers and issuers. We offer comprehensive training, hands-on learning, ongoing mentorship, and robust development opportunities to support your career progression.

Job Summary

As an Associate or Vice President in the Short-Term Interest Rate Trading team, you will work closely with senior traders to cover institutional accounts and make markets in your product group. You will assist in managing risk, liquidity, and exposure, and support all aspects of the trading desk, including pre-trade analysis, research, trade processing, and strategy design for large transactions. You will monitor market developments and supply-demand dynamics to provide clients with timely and accurate product information.

Job Responsibilities

• Price client trades and facilitate execution
• Hedge risks to trades and the trading book, including duration, curve, swap spreads, futures, and on/off-the-run risk
• Develop and enhance desk infrastructure for risk management and P&L reporting
• Collaborate with the desk to develop analytics for relative value trading in both cash and derivative products
  Manage operational duties related to P&L, risk reporting, and ad hoc projects or data requests

Required qualifications, capabilities, and skills

• Minimum 1 year of trading experience or 3+ years of fixed income quantitative research experience (required)
• Bachelor's degree
• Strong interpersonal and communication skills
• Demonstrated interest in financial markets and macro products
• Ability to accept direction and feedback, and consistently meet time-sensitive deadlines

Preferred qualifications, capabilities, and skills

• Bachelor's degree in a technical or STEM discipline is preferred
• Basic understanding of interest rate derivatives and cash products
• Proficiency with Excel and Python

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. 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.