What are the responsibilities and job description for the Program Trading Risk – Associate position at JPMorgan Chase?
The Equities business at J.P. Morgan provides a full complement of equity and equity-linked solutions to institutional investor clients — from ideas and insights from top-ranked analysts, to high-touch sales and trading services, to world-class algorithmic and electronic trading capabilities. Our sales and trading professionals work in coordination with our capital markets professionals to help issuers access the equity markets as a top-tier equity underwriter.
Job Summary
As a Program Trading Risk Associate within the Equities business at J.P. Morgan, you will be part of a dynamic and competitive team.
Job Responsibilities
- Work as a trader on the US Program Trading (PT) Risk team
- Handle trading of large portfolios of stocks
- Engage with the PT sales team on facilitating client risk trades and ETF creations and redemptions
- Predict Index rebalancing events and test related trading strategies
- Utilize portfolio construction models to hedge and reduce the risk associated with portfolio management strategies
- Have significant interaction with trading and sales teams across the Equities division including High Touch, ETF and Central Risk Book teams
Required qualifications, capabilities, and skills:
- Bachelors degree in Quantitative area of study
- Two or more years of sell-side or buy-side trading experience, ideally in Index Rebalancing or Program Trading
- Experience in managing portfolio management strategies with positions on large portfolios; fluency in risk factors
- Exposure to statistical modelling, time series or other data modelling experience
- Very self-motivated, willing to be part of a dynamic and competitive team
- FINRA licenses including Series 7, 63 and 57
Preferred qualifications, capabilities, and skills:
- Coding experience in Python is strongly desired
- Knowledge of kdb/q is a plus
