Global Rates - JPY Trader - Associate

Fairygodboss; Greater London; On-site; GBP 120,000 - 180,000; Full time

Job summary

J.P. Morgan is seeking a Trader Associate in Global Rates to market-make within JPY and manage a risk portfolio across related markets.

You will work closely with the team, Sales, and other Trading entities to deliver execution and risk management, serving as the primary market-maker for JPY rate swaps and related instruments. You will identify opportunities across G10 currencies, collaborate with traders, and drive pricing and efficiency initiatives while engaging clients on market

Qualifications

• Bachelor's degree in Business, Finance or related field.
• Comprehensive understanding of rates markets and macroeconomic dynamics.
• Relevant trading experience in interest rates.
• Ability to prioritise tasks and manage multiple responsibilities.
• Capacity to perform effectively under time pressure.
• Strong analytical and data manipulation skills.

Responsibilities

• Market-make JPY interest rate swaps and long-end cross-currency basis, covering the JPY STIRT book in FX Forwards and OIS.
• Identify and pursue risk-taking opportunities across G10 currencies through research and analysis.
• Collaborate with traders on other currencies and cover additional books as required.
• Lead initiatives to improve desk pricing and efficiency.
• Engage with clients to discuss market developments and support growth of the JPY franchise.

Skills

Rates markets

Trading experience

Analytical skills

Time management

Education

Bachelor's degree in Business/Finance or related field

Job description

Join a world-leading Rates team where you will have the opportunity to shape liquidity and risk management across global fixed income markets. As a JPY Trader Associate, you will play a pivotal role in delivering innovative trading solutions and supporting our diverse client franchise. This is your chance to work alongside industry experts, develop your skills, and make a meaningful impact in a dynamic environment. We value collaboration, independence, and a commitment to excellence. Take your career to the next level with us.

Job Summary:

As a Trader Associate in Global Rates, you will market-make products within your remit and manage a risk portfolio across various markets and products. You will work closely with the team, Sales, and other Trading entities, collaborating to deliver seamless execution and risk management. You will be the primary market-maker in JPY interest rate swaps and cross-currency basis, as well as the main cover trader for the JPY STIRT book. You will have the opportunity to drive initiatives and contribute to the growth of the JPY franchise.

Job Responsibilities:

• Market-make JPY interest rate swaps and long-end cross-currency basis, alongside covering the JPY STIRT book in FX Forwards and OIS
• Identify and pursue risk-taking opportunities across G10 currencies through independent research and analysis
• Collaborate with traders on other currencies and cover additional books as required
• Lead initiatives to improve desk pricing and efficiency
• Engage with clients to discuss market developments and support the growth of the JPY franchise

Required Qualifications, Capabilities, and Skills:

• Bachelor's degree in Business, Finance, or a related field
• Comprehensive understanding of rates markets and macroeconomic dynamics
• Relevant trading experience in interest rates
• Ability to prioritise tasks and manage multiple responsibilities
• Capacity to perform effectively under time pressure
• Strong analytical and data manipulation skills

Preferred Qualifications, Capabilities, and Skills:

• Prior experience trading JPY interest rate swaps is preferred; experience in other G10 currencies will also be considered

This role encompasses the performance of UK regulated activity. The successful candidate will therefore be subject to meeting UK regulatory requirements in the assessment of fitness, propriety, knowledge and competence (as assessed by the Firm) and (where appropriate) approval by the UK Financial Conduct Authority and/or the Prudential Regulation Authority to carry out such activities.

ABOUT US

J.P. Morgan is a global leader in financial services, providing strategic advice and products to the world's most prominent corporations, governments, wealthy individuals and institutional investors. Our first-class business in a first-class way approach to serving clients drives everything we do. We strive to build trusted, long-term partnerships to help our clients achieve their business objectives.

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.

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.