What are the responsibilities and job description for the Power Trader - Vice President position at JPMorgan Chase?
Commodities are typically sorted into four broad categories: metal, energy, livestock and meat, and agricultural products. Commodities are considered risky investments because the supply and demand of these products are affected by events that are difficult to predict, such as weather, epidemics, and natural and human-made disasters. There are many ways to invest in commodities, including futures contracts, options, and exchange-traded funds (ETFs).
Job Summary:
As a Power Trader within our dynamic team, you will support Senior Traders in capitalizing on derivative client flow through the sales desk, ensuring efficient client value monetization. You will play a crucial role in assisting traders to monetize derivative client flow via the sales desk, contributing significantly to revenue maximization.
Job Description:
- All following descriptions pertain to U.S. power markets with a preference in East Power (PJM, New England, New York, MISO)
- Monetize derivative client flow via the sales desk, to price it competitively and monetize client value as efficiently as possible
- Value and managed structured transactions
- Establish views and ideas in the market of expertise and utilize all avenues available to create opportunities
- Develop and maintain analytical tools for fundamental analysis as well as risk management tools
- Manage daily tasks such as marking books, market commentary, and other internal processes.
- Work together with other internal groups such as sales, QR, and other trading teams
Job Responsibilities:
- Appropriately sizes, understands, and manages risk in the portfolio commercially
- Take into consideration, risk, credit costs and the competitive environment when pricing
- Managing client risk in order to minimize and capture client value efficiently
- Proactively runs risk with educated views on underlying markets in order to create added value from that client flow
- Distils complex ideas or structures into meaningful communications
- Enhances reputation of firm through expertise, professionalism, and maturity in verbal and written communications
- Builds and leverages partnerships to deliver the whole firm to clients
Required qualifications, capabilities, and skills
- Ability to work well under pressure, with several people of different nationalities and personalities; and a high degree of initiative and commitment.
- Minimum Bachelor’s degree or equivalent required
- Minimum 5 years’ experience in trading power products in US Power markets
- Strong understanding of U.S. power and gas infrastructure
Preferred qualifications, capabilities, and skills
- Strong computational skills in Python, SQL, and/or other programming languages, preferred.
