Delta-One Flow Swaps Trader: Associate — Pricing & Hedging

J.P. Morgan; New York (NY); On-site; USD 120,000 - 190,000; Full time

Benefits offered by this job

Health care coverage

Retirement savings plan

Tuition reimbursement

Mental health support

Job summary

JPMorganChase is seeking an Associate or Vice President on the North America Delta 1 Flow Swaps Trading desk. You will price, execute, and manage day-to-day risk for vanilla delta-one derivatives, including Total Return and Price Return Swaps, across single names, indices/ETFs, and custom baskets for institutional clients.

You will collaborate with Sales, Structuring, and control functions while contributing to analytics, tooling, and processes that improve execution quality, scalability, and

Qualifications

• Experience in delta-one products with execution and risk management capability.
• Strong pricing, hedging, and swap economics understanding.
• Advanced Excel (VBA) and/or Python for desk analytics and tooling.

Responsibilities

• Price and execute client flow in delta-one swaps, manage hedging and unwind strategy.
• Own delta hedging and oversee key risk drivers (borrow, dividends, financing, basis, concentration).
• Execute orders per governance, ensure booking accuracy and lifecycle management.
• Lead pre- and post-trade analytics and communicate insights to senior stakeholders.
• Coordinate with Product Control, Middle Office, Operations, and Risk on P&L and controls.
• Build and enhance tools and workflows to improve efficiency and risk discipline.

Skills

Delta-one trading

Excel VBA

Python

Stakeholder management

Licenses (SIE, Series 7, 57, 63)

Tools

Excel

Python

Job description

JPMorganChase is seeking an Associate or Vice President on the North America Delta 1 Flow Swaps Trading desk. You will price, execute, and manage day-to-day risk for vanilla delta-one derivatives, including Total Return and Price Return Swaps, across single names, indices/ETFs, and custom baskets for institutional clients.

You will collaborate with Sales, Structuring, and control functions while contributing to analytics, tooling, and processes that improve execution quality, scalability, and