Delta One Trader - South African Equities - Associate

JPMorganChase; Johannesburg; On-site; ZAR 700,000 - 900,000; Full time

Job summary

A leading global financial institution is seeking a Delta One Trader for its South African Delta One business. This role involves pricing and executing trades, managing risk exposures, and analyzing market data. Candidates should have strong insights into the South African equity markets along with relevant trading experience. This full-time position offers a dynamic and challenging work environment.

Qualifications

• Experience in trading, portfolio management, broking, or risk management roles.
• Excellent communication skills for interaction with colleagues and teams.

Responsibilities

• Price and execute client requests for Delta One products.
• Manage risk exposures related to index and swap books.
• Generate trade ideas through quantitative analysis.

Skills

Trading experience

Knowledge of South African equity markets

Ability to work under pressure

Attention to detail

Communication skills

Strong mathematical background

Knowledge of Delta One products

Education

Post-graduate degree in a quantitative field

Job description

Delta One Trader - South African Equities

Embark on a dynamic career with J.P. Morgan's South African Delta One business, where you can leverage your expertise in equity markets to drive impactful trading strategies and risk management.

Job Summary

As a Delta One Trader within the Equity Derivatives Group, you will play a pivotal role in pricing and executing client requests for Delta One products. You will manage risk exposures related to index and swap books, analyze earnings forecasts, and generate trade ideas through quantitative analysis. Your role will involve direct management of entity funding and optimizing desk inventory while actively trading on exchanges and in the inter-dealer broker market.

Collaborate with a team that values innovation and precision, contributing to the growth of our South African Delta One business. Your insights will shape trading strategies and enhance our market presence.

Job Responsibilities

• Actively price and execute client requests for all Delta One products.
• Manage risk exposures (e.g., delta, rho, mu) applicable to index and swap books.
• Analyze earnings forecasts and financial situations of in-scope companies to forecast dividend amounts.
• Generate trade ideas based on quantitative analysis of companies and events.
• Manage entity funding and work on optimizing desk inventory.
• Analyze corporate actions and index-related events.
• Trade actively on exchanges as well as in the inter-dealer broker market.

Required Qualifications, Capabilities, and Skills

• Experience in trading, portfolio management, broking, or risk management roles.
• Strong knowledge and understanding of the South African equity markets and main equity indices.
• Ability to work under pressure with limited supervision.
• Accuracy and attention to detail.
• Ability to perform in a fast-paced, challenging environment.
• Excellent communication skills for interaction with colleagues, sales teams, and support functions.
• Strong mathematical background for pricing derivatives products.
• In-depth knowledge of Delta One products.

Preferred Qualifications, Capabilities, and Skills

• Post-graduate degree in a quantitative field.
• CFA Level 1 or higher advantageous.
• RPE exams in progress or completed advantageous.

Experience: Relevant trading or risk management experience.

Key Skills: Accounts handling, customer service, and related competencies.

Employment Type: Full-Time

Vacancy: 1

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