Fixed Income Financing Trading – Analyst

Our business

Specials Trading in North America is a part of the Fixed Income Financing business within Rates Trading. The Specials business interfaces with a broad range of clients across hedge funds, asset managers, central banks, other dealers, and internal cash desks. It is a multi-asset business quoting repo pricing across both investment grade and high yield credit markets. Specials Trading delivers liquidity to the firm’s key strategic partners that operate in the North American Fixed Income Credit space via a team of dedicated repo traders and repo sales. The desk belongs to the global FIF offering which includes Sovereign, Credit and Emerging Markets financing desks.

Opportunity

To work in a fast-moving trading role in the heart of the Credit Repo market. The main objective is to manage positions and risk arising from demands of both internal and external clients by facilitating their trading strategies. This is done by sourcing liquidity from bond holders to match up and lend onwards to a diverse client base and internal trading desks. These flows are quoted by a dedicated repo sales team, as well as via direct interactions between trading and relevant counterparties.

What you will do

The candidate would contribute ideas and operate in both short-term interest rate markets and credit markets, using a variety of products to mitigate risks arising from trading positions. The hired trader would work closely with multiple teams and provide commentary and market analysis, as well as managing the day-to-day flow activity and risk in our combined trading book. The last few years have seen significant progress in the development of e-trading and electronification in our business, and there is opportunity to assist with further progress of the business in this direction. The candidate would also occasionally be expected to assist the Sovereign repo desk.

Job responsibilities

• Market making in US corporate bonds in repo.
• Managing trading risk and hedging positions in USD short-term interest rate curves.
• Maintaining strict compliance with regulatory and legal requirements.
• Working closely with sales to facilitate client trading strategies.
• Engaging directly with multiple counterparties and interdealer-brokers to build business through meetings, calls, dinners and events.
• Writing trader commentaries on intra-day market analysis by investigating flow trends, macro news and leveraging internal research.
• Looking to streamline desk processes and advance desk automation and the e-trading agenda.
• Assisting with the post-trade process by ensuring the accuracy of all bookings and adherence to internal controls.

Required qualifications, capabilities, and skills

• Previous relevant experience gained within a similar Banking Markets role.
• An interest and a desire to learn more about global financing markets, rates and credit products.
• Attention to detail and the ability to manage multiple time-sensitive processes in a pressured environment.
• Analytical mind and proactive attitude to problem solving.
• Ability to work as part of a close team with a strong focus on counterparty relationship management.

About JPMorgan Chase

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.

Compensation and inclusion

We offer a competitive total rewards package including base salary determined based on role, experience, skill set and location. Eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in cash and/or forfeitable equity. We provide a range of benefits and programs to meet employee needs, including comprehensive health care coverage, retirement savings, and more. Details about total compensation and benefits will be provided during the hiring process.

We recognize that our people are our strength and value diverse talents. We are an equal opportunity employer and do not discriminate on any protected attribute. We also make reasonable accommodations for applicants’ religious practices and beliefs, as well as mental health or physical disability needs. For more information about accommodations, visit our FAQs.