Duties: Market making ETF TRS. Market making ETF Options. Assessing trades and risk. Building pricers and developing processes to systematically grow the above businesses. Manage business risk and reward profile for the Credit Derivatives books and conduct ad-hoc risk analysis on various basis risks, Tail Option Convexity Risk, forward default risk, and curve risk. Work with Risk Management, Quantitative Research, Middle Office, and Technology teams on the improvement of JP Morgan infrastructure. Be part of the development of the Credit ETF business with other sales and marketing groups. Communicate with Senior Management and liaise with Risk Management regarding risk appetite and exposures of the desk.
Minimum education and experience required: This position requires a Bachelor’s degree in Applied Mathematics, or related field of study plus two (2) years of experience in the job offered or two (2) years of experience as Market Risk Coverage, Trading, or related role.
Skills Required: This position requires experience with the following skills and technologies: Bloomberg; Market Axess; Python; VBA; SQL; Experience risk managing credit products including Credit ETF, Option, and Total Return Swaps on Credit ETF, CDX Indices, and CDX Option; Knowledge and awareness of the market from Platform and Client angles; Creation and redemption trading process versus ETF issuers; Analytical skills, including performing quantitative analysis on large datasets; Microsoft Office including Excel and PowerPoint.
Job Location: 383 Madison Ave., New York, NY 10017