Delta One Flow Swaps Trader - Associate

JPMorganChase; New York (NY); On-site; USD 180,000 - 260,000; Full time

Job summary

JPMorganChase on the North America Delta 1 Flow Swaps Trading desk seeks an Associate or Vice President to own pricing, execution and day-to-day risk across delta-one derivatives including Total Return and Price Return Swaps. You will cover single names, indices/ETFs, and custom baskets for institutional clients.

You will manage hedging and key risk drivers, partner with Sales, Structuring and control functions, and contribute to analytics, tooling and process improvements to raise execution

Qualifications

• Relevant experience in delta-one products with execution and risk management capability.
• Strong understanding of vanilla derivative pricing, hedging and swap economics drivers.
• Advanced proficiency in Excel (VBA) and/or Python with desk analytics or risk tooling experience.
• Excellent communication and stakeholder management across Trading, Sales, Structuring, Technology and control partners.
• Active SIE, Series 7, Series 57, and Series 63 licenses are required.

Responsibilities

• Price and execute client flow in delta-one swaps; manage hedging and unwind strategy.
• Own delta hedging and oversee key risk drivers tied to client activity and market moves.
• Execute order flow in full accordance with governance, policies, limits and controls; ensure accurate lifecycle management.
• Lead pre- and post-trade analytics for institutional flow and communicate insights to senior stakeholders.
• Coordinate with Product Control, Middle Office, Operations and Risk on P&L explain, breaks and actions; drive control enhancements.
• Build and enhance tools and workflows to improve desk efficiency, scalability and risk controls, and mentor junior team members.

Skills

Delta-one experience

Communication

Licenses: SIE/Series 7/57/63

Quantitative analysis

Tools

Excel (VBA)

Python

Job description

JPMorganChase on the North America Delta 1 Flow Swaps Trading desk seeks an Associate or Vice President to own pricing, execution and day-to-day risk across delta-one derivatives including Total Return and Price Return Swaps. You will cover single names, indices/ETFs, and custom baskets for institutional clients.

You will manage hedging and key risk drivers, partner with Sales, Structuring and control functions, and contribute to analytics, tooling and process improvements to raise execution