Public Finance Trader [Multiple Positions Available] Job at JPMorgan Chase, New York, NY

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  • JPMorgan Chase
  • New York, NY

Job Description

Job Title

Associates

Commercial & Investment Bank

Location: 270 Park Avenue, New York, NY 10017

Job Description

Duties: Provide bid and offer levels to market municipal securities. Respond to client selling needs across the maturity curve, locating specific bonds for client buying needs and connect buyers and sellers. Grow the portfolio trading business. Create and redeem ETF equity shares. Work with the ETF Managers to assemble portfolios to agree upon eligible bonds for the ETF. Determine macro hedging strategies including the use of interest rate derivatives. Determine trading instruments for Public Finance to mitigate risk which includes use of derivatives, options, ETF shares and bonds. Conduct detailed pricing analysis on municipal borrowers. Price competitive auctions from sellers and distribute the risk to the investor base. This position requires up to 10% domestic travel to various client sites and JPMC offices for internal meetings and trainings.

Qualifications: Minimum education and experience required: Master's degree in Finance, Mathematics, Economics, or related field of study plus 3 years (36 months) of experience in the job offered or as Public Finance Trader, Trading Analyst, Product Control Analyst, Intermediate Analyst, or related occupation. The employer will alternatively accept a Bachelor's degree in Finance, Mathematics, Economics, or related field of study plus 5 years (60 months) of experience in the job offered or as Public Finance Trader, Trading Analyst, Product Control Analyst, Intermediate Analyst, or related occupation.

Skills Required: This position requires two (2) years of experience with the following: analyzing fixed income market making and risk management of high yield and investment grade bonds and derivatives involving options strategies and credit default swaps; evaluating and overseeing the risk associated with trading portfolios at both the individual bond level and the broader desk level; aligning risk exposure with strategic goals and risk appetite; identifying trading opportunities across fixed income securities and conduct relative value analysis; using VBA to streamline Excel based processes including creating ETF baskets and tracking intraday change in bond levels; using Bloomberg trading systems including electronic CDX trading, Bloomberg messaging. This position requires any amount of experience with the following: developing hedging strategies; coding using Python, Java or SQL; using Bloomberg treasury future options trading and Bloomberg ETF relative value analysis.

Salary: $200,000 - $200,000 per year.

About Us

JPMorgan Chase, 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.

JPMorgan Chase

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