JP Morgan’s USD Swaps desk is part of one of the top Interest Rates Trading businesses on Wall Street, and we are currently looking for a qualified and experienced candidate in USD swaps, to be a junior trader on the medium terms swaps book. At least 1 year of trading experience in USD Rates products is a pre-requisite. 

Position Description:

As an Associate on the USD Swaps desk at JP Morgan, you will play a crucial role in pricing client trades, hedging risks, and managing operational duties. You will work closely with our team to meet expectations on pricing, risk, hedging, and the direction of the book. Your operational responsibilities will include booking and confirming trades, liaising with sales and sales assistants, reporting desk P&L, and working on spreadsheets and coding projects. This role offers a unique opportunity to grow within a strong franchise, where you can demonstrate your trading competencies, communication skills, and ability to take direction and feedback. Your contribution will be key in generating revenue and servicing our client base.

Job Responsibilities:

Pricing small to medium sized client trades Hedging risks to trades and the book, including duration, curve, swap spreads, ust futures, fed fund futures, sofr futures, FOMC date risk, and various basis risks. 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. 

Required qualifications, capabilities, and skills:

Minimum of 1 yr of trading experience  Undergraduate degree 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

Preferred qualifications, capabilities and skills:

Undergraduate technical/STEM degree Basic understanding of interest rate derivatives and cash products Familiarity with Excel