Commercial and Investment Banking – Currencies and Emerging Markets (CEM) – Trader – Associate
Chase bank
As a Currencies and Emerging Markets (CEM) – Trader within the Trading team, you will help senior traders cover institutional accounts and make markets in your group's particular range of products. You will assist the senior traders in managing risk, liquidity and exposure and you may support all aspects of the trading desk: pre-trade analysis, inbound and outbound trade processing and the design of optimal risk management for large trades. Tracking supply and demand, you constantly evaluate market developments in order to give clients accurate product information. You will be placed with desk which primarily deals in fixed income.
Job Responsibilities:
Support the day to day client requests and needs Understand market drivers (of those markets in which involved), market moves, and the numbers behind it all, as well as cross-asset implications Resolve P&L reconciliation on issues independently Ensure all relevant parties (vertically and horizontally) are kept abreast of key developments Cultivate an appreciation of balance between revenue generation and building a client franchise Understand drivers of relevant markets and establish a high degree of competence with clients around executing trades Understand firm's approach and policies for managing risks in relevant business and applicable legal and regulatory rules, and follows policies Assist with the post trade process by ensuring the accuracy of all entries and to ensure internal controls are followed Share information, knowledge and ideas that help others succeed proactivelyRequired qualifications, capabilities, and skills:
3+ years experience in a global markets front office role Ability to discuss in detail your understanding of how to book trades and the implications of improper trade booking on P&Land how to calculate and reconcile and which factors impact it; You should be able to resolve P&L reconciliation issues with little guidance Ability to discuss in detail your understanding of fundamental and technical aspects of product(s) traded and support area functions of respective products. Demonstrable proficiency with market and product lingo. Well versed in the quantitative nature and framework of own product (e.g., pricing, models, etc). Ability to discuss in detail your knowledge of the direct costs of "doing business" along the transaction lifecycle; Understands the different types of risk and can discuss in detail ways of managing these risk. Thoroughly understands drivers of relevant markets and can explain and anticipate market movements. Understands transaction cycle and the steps in the process and is execution oriented. Ability to thrive on the challenge of competitive pressures and remain focused on client needs Ability to communicate concepts and ideas, both verbally and via documentation, and be able to defend their validity and target messages to different audiences. Ability to interact comfortably with business clients and management. Self-directed, highly motivated, and able to work independently
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