XVA Trading, part of the Macro & EM Credit Trading organization within the CIB, is responsible for managing the counterparty credit risk on the CIB’s balance sheet (CVA) as well as active management of funding risks in the derivative book (FVA). XVA Trading JPMSE is part of the global team with close links to teams based in London, New York and Singapore.
Job responsibilities:
- Daily review of risk and PnL
- Execute cross asset transactions to hedge the portfolio
- Be at the forefront of macro and micro economic developments to keep a watch on the portfolio and update the group on relevant news
- Trade idea generation
- Price XVA on large or complex transactions and execute day 1 hedges
- Follow the trade onboarding through completion
- Work closely with Sales to meet clients’ needs
- Support senior traders through trade booking and trade reconciliation as well as ad hoc queries
- Fundamental credit analysis of counterparties
- Regular preparation and presentation of P&L performance and market update to the global group
- Develop new tools to improve efficiency
- Work with support groups on ongoing system and process improvement process
Required qualifications, capabilities, and skills:
- You have relevant experience in financial industry, ideally 1-4 years of trading experience
- You are ambitious self-starter, able to perform in team environment, but also an independent thinker who is intellectually curious.
- You demonstrate product knowledge across variety of asset classes a plus (Credit, Rates, FX, Equity, Commodity)
- You demonstrate communication & organization skills with ability to network across different lines of businesses – effective partnership and collaboration is key for success in this role.
- You are familiar with coding languages and/or keen interest to further development this skill set.
- You demonstrate strong attention to details
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.
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