J.P. Morgan’s Corporate & Investment Bank (CIB) is a global leader across banking, markets and investor services. The world’s most important corporations, governments and institutions entrust us with their business in more than 100 countries. With $18 trillion of assets under custody and $393 billion in deposits, the Corporate & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.
Our business
EMEA Repo Govies Desk is a part of the Fixed Income Financing business which sits within Rates Trading. The desk interfaces with a broad range of clients across hedge funds, asset managers, central banks, other dealers and internal cash desks.
EMEA Repo Govies Desk delivers liquidity to the firm’s key strategic partners that operate in the European Fixed Income Govie space via a team of dedicated repo traders and repo sales.
The desk belongs to the global FIF offering which includes Sovereign, Credit and Emerging Markets financing desks.
Opportunity
To work in a fast moving trading role in the heart of the Govie Repo market. The main objective of the desk is to generate revenue by servicing our varied client base through market making the repo product and managing risk arising from demands of both internal and external clients whist facilitating their trading strategies. The job entails sourcing liquidity from bond holders to match up and lend onwards to a diverse client base and internal trading desks. These flows are quoted by a dedicated repo sales team, as well as via direct interactions between trading and relevant counterparties.
The candidate would contribute ideas and operate in short term interest rate markets, using a variety of products to mitigate risks arising from trading positions. The hired trader would work closely with multiple teams and provide commentary and market analysis, as well as managing the day to day flow activity and risk in their own trading book. The last few years has seen significant progress in the development of e-trading and electronification in our business, and there is opportunity to assist with further progress of the business in this direction.
Key responsibilities:
- Market making in European Govie bonds in repo.
- Managing trading risk and hedging positions in the EUR, USD and GBP short term interest rate curves.
- Maintaining strict compliance with regulatory and legal requirements.
- Working closely with sales to facilitate client trading strategies.
- Engaging directly with multiple counterparties and interdealer-brokers to build business through meetings, calls, dinners and events.
- Writing trader commentaries on intra-day market analysis by investigating flow trends, macro news and leveraging internal research.
- Look to streamline desk process where required and help advance the desk e-trading agenda.
- Assist with the post trade process by ensuring the accuracy of all bookings and to ensure internal controls are followed.
Essential Requirements
- Previous relevant experience gained within a similar Banking Markets role.
- An interest and a desire to learn more about global financing markets, rates and credit products.
- 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.
About us
J.P. Morgan is a global leader in financial services, providing strategic advice and products to the world’s most prominent corporations, governments, wealthy individuals and institutional investors. Our first-class business in a first-class way approach to serving clients drives everything we do. We strive to build trusted, long-term partnerships to help our clients achieve their business objectives.
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. In accordance with applicable law, we make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as any mental health or physical disability needs.
About the Team
The Corporate & Investment Bank is a global leader across investment banking, wholesale payments, markets and securities services. The world’s most important corporations, governments and institutions entrust us with their business in more than 100 countries. We provide strategic advice, raise capital, manage risk and extend liquidity in markets around the world.
Clients turn to our industry-leading Markets, Sales and Research team to offer clients unique market insights on sectors and companies, and actionable ideas using research to make well-informed investment decisions. Teams understand products across asset classes and help clients structure solutions that manage risk, enhance yield and solve complex financial problems.
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