Credit Repo Trader — Fixed Income Market Making

JPMorgan Chase; New York (NY); On-site; USD 180,000 - 320,000; Full time

Job summary

JPMorgan Chase in New York seeks a trader for the Specials desk within North America Fixed Income financing. You will source liquidity, manage repo positions, and interact with hedge funds, asset managers, and interdealer brokers to execute client strategies.

The role involves commentary and market analysis, risk management across USD curves, and participation in the desk's evolving e-trading agenda.

Qualifications

• 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.

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.
• Look to streamline desk process where required and help advance the desk automation and e-trading agenda.
• Assist with the post trade process by ensuring the accuracy of all bookings and to ensure internal controls are followed.

Job description

JPMorgan Chase in New York seeks a trader for the Specials desk within North America Fixed Income financing. You will source liquidity, manage repo positions, and interact with hedge funds, asset managers, and interdealer brokers to execute client strategies.

The role involves commentary and market analysis, risk management across USD curves, and participation in the desk's evolving e-trading agenda.