What are the responsibilities and job description for the US Sovereign Financing Trading – Associate position at JPMorganChase?
Job Description
NA Sovereign Financing is a part of the Global Fixed Income Financing business which sits within Macro Trading. The NA Sovereign Financing business interfaces with a broad range of clients including hedge funds, asset managers, central banks, dealers and internal cash desks. It is a large, critical business providing liquidity and financing across the US Treasury and Agency markets. The desk rolls up to NA Fixed Income Financing, which provides financing across Sovereign, Mortgage, Credit, SPG and Emerging Markets products.
Job Summary
Trading opportunity to work in a fast-moving product execution role covering the US Treasury financing market. You will manage pricing, position and risk arising from client driven financing needs, sourcing liquidity from bond holders to match up and lend onwards to a diverse client base and internal trading desks.
As a NA Sovereign Financing Trader on the Global Fixed Income team, you will be responsible for idea contribution, operating in both short term interest rate markets and financing markets, using a variety of products and trading strategies to risk manage activity. You will work closely with functional partners internally, engage our broad set of clients on market themes and partner closely with Sales to further the priorities of the business and service our diverse client base. Lastly, you will work to further the development of e-trading and electronification in our business.
Job Responsibilities
JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world’s most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.
We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.
We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans
About The Team
J.P. Morgan’s Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.
NA Sovereign Financing is a part of the Global Fixed Income Financing business which sits within Macro Trading. The NA Sovereign Financing business interfaces with a broad range of clients including hedge funds, asset managers, central banks, dealers and internal cash desks. It is a large, critical business providing liquidity and financing across the US Treasury and Agency markets. The desk rolls up to NA Fixed Income Financing, which provides financing across Sovereign, Mortgage, Credit, SPG and Emerging Markets products.
Job Summary
Trading opportunity to work in a fast-moving product execution role covering the US Treasury financing market. You will manage pricing, position and risk arising from client driven financing needs, sourcing liquidity from bond holders to match up and lend onwards to a diverse client base and internal trading desks.
As a NA Sovereign Financing Trader on the Global Fixed Income team, you will be responsible for idea contribution, operating in both short term interest rate markets and financing markets, using a variety of products and trading strategies to risk manage activity. You will work closely with functional partners internally, engage our broad set of clients on market themes and partner closely with Sales to further the priorities of the business and service our diverse client base. Lastly, you will work to further the development of e-trading and electronification in our business.
Job Responsibilities
- Market making in US Treasury Repo and Agency Repo markets.
- Manage trading risk and hedging strategies utilizing USD short term interest rate products.
- Maintaining strict compliance with regulatory and legal requirements.
- Working closely with sales to facilitate client trading strategies.
- Direct engagement with clients, to build business and discuss market themes through meetings, calls, dinners and events.
- Writing trader commentaries on market events and trading themes.
- Streamlining desk processes where required and help advance the desk e-trading agenda.
- 3 years of relevant experience gained within a similar Banking or Markets role.
- Detailed understanding of the US Treasury and US Interest Rate markets.
- Comprehensive understanding of trading and risk management strategies,
- Attention to detail and the ability to manage multiple time sensitive processes in a pressured environment.
- Analytical mind and proactive attitude to problem solving.
- Ability to work as part of a close team with a strong focus on counterparty relationship management.
JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world’s most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.
We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.
We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans
About The Team
J.P. Morgan’s Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.
