JP Morgan Chase & Co.

Prime Finance – Delta One Flow Swaps Trader – Associate

JP Morgan Chase & Co.$125K — $150K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 5-7 years of experience in delta-one products, such as equity or single stock swaps
  • Proficient in vanilla derivative pricing, hedging, and swap economics analysis
  • Advanced Excel skills, including VBA and/or Python for analytics and tooling
  • Strong stakeholder management and communication abilities
  • Must possess active SIE, Series 7, Series 57, and Series 63 licenses

Responsibilities

  • Price and execute delta-one swaps across various exposures, managing hedging and unwind strategies
  • Own delta hedging, overseeing risk drivers affected by client activity and market conditions
  • Ensure compliance with governance for swaps, maintaining high booking accuracy
  • Lead analytics for trade execution quality and communicate findings to senior leadership
  • Collaborate with internal teams on P&L explanations and control enhancements
  • Develop tools and workflows for desk efficiency, while mentoring junior team members

Benefits

  • Opportunity to work with a dynamic risk book and diverse client base
  • Professional development through mentorship and enhanced analytics
  • Access to innovative tools and tech within a collaborative environment
  • Engagement with multiple functional teams, fostering broad industry knowledge and insight
Full Job Description
JOB DESCRIPTION

As an Associate or Vice President on the North America Delta 1 Flow Swaps Trading desk, you will take ownership of pricing, execution, and day-to-day risk management across vanilla delta-one derivatives — including Total Return and Price Return Swaps — covering single names, indices/ETFs, and custom baskets for Institutional, Sovereign, and Hedge Fund clients. You will manage a dynamic risk book, partner closely with Sales, Structuring, and control functions, and contribute to improving analytics, tooling, and processes that enhance execution quality, scalability, and risk discipline across the franchise.

Job responsibilities

  • Price and execute client flow in delta-one swaps across single-name, index/ETF, and custom basket exposures; manage hedging and unwind strategy
  • Own delta hedging and oversee key risk drivers (borrow, dividends, financing, basis/correlation, and concentration) tied to client activity and market moves
  • Execute order flow in full accordance with swaps governance, policies, limits, and supervisory controls; ensure high standards of booking accuracy and lifecycle management
  • Lead pre- and post-trade analytics for institutional flow (execution quality, slippage drivers, hedge effectiveness, P&L attribution) and communicate insights to senior stakeholders
  • Coordinate closely with Product Control, Middle Office, Operations, and Risk on P&L explain, breaks resolution, corporate actions, rebalances/substitutions, and control enhancements
  • Build and enhance tools and workflows (automation, monitoring, risk dashboards, analytics) to improve desk efficiency, scalability, and control environment, mentor junior team members as appropriate

Required qualifications, capabilities, and skills

  • Relevant experience in delta-one products (equity swaps / single stock swaps / prime delta-one) with demonstrated execution and risk management capability
  • Strong understanding of vanilla derivative pricing, hedging, and the practical drivers of swap economics (financing, borrow, dividends, corporate actions, and basis)
  • Advanced proficiency in Excel (including VBA) and/or Python, with a track record of delivering desk analytics, automation, or risk tooling
  • Excellent communication and stakeholder management skills across Trading, Sales, Structuring, Technology, and control partners
  • Active SIE, Series 7, Series 57, and Series 63 licenses required

About JP Morgan Chase & Co.

JP Morgan Chase & Co. stands at the forefront of the global financial services industry. They offer an expansive array of products and services to a diverse clientele, including individuals, corporations, governments, and institutions. Ever since the merger of J.P. Morgan & Co. and Chase Manhattan Corporation in 2000, this industry-leading entity has become renowned for its comprehensive portfolio encompassing consumer and community banking, corporate and investment banking, commercial banking, as well as asset and wealth management. Headquartered in the vibrant city of New York, JP Morgan Chase & Co. boasts a formidable presence across over 100 countries worldwide.

Unveiling Employment Opportunities at JP Morgan Chase & Co.

Vacancies and Hiring Initiatives

JP Morgan Chase & Co. is continuously on the lookout for talented individuals eager to contribute to its legacy of excellence. The company's recruitment efforts are geared towards identifying candidates with the right blend of skills and qualifications to drive forward its various business segments. Whether you are a seasoned professional or a recent graduate, JP Morgan Chase offers a plethora of job openings across multiple disciplines.

High-Demand Positions

Among the myriad of roles, certain positions stand out for their attractive compensation packages and career advancement prospects. Notably, high-paying jobs at JP Morgan Chase & Co. include Relationship Manager, Branch Manager, and Software Engineer. These roles are critical to the firm's operations and offer lucrative opportunities for those with the requisite expertise.

Navigating the Job Market at JP Morgan Chase & Co.

Leveraging Job Portals and Job Alerts

For job seekers aiming to tap into the opportunities at JP Morgan Chase, staying updated through job portals and subscribing to job alerts is crucial. These tools can provide timely information about job openings, job fairs, and recruitment events, enabling candidates to apply promptly and prepare adequately for interviews.

Preparing Your Job Application

Your job application, comprising your resume and cover letter, is your ticket to securing an interview at JP Morgan Chase. Highlight your qualifications, skills, and experiences that align with the job listing, ensuring you stand out in the competitive job market.

Acing the Interview

Preparation is key to succeeding in your interview with JP Morgan Chase. Familiarize yourself with the company's business segments, values, and recent achievements. Demonstrating how your background and aspirations match the company's goals can significantly increase your chances of employment. A World of Job Opportunites in the Financial Services Industry JP Morgan Chase & Co. offers a world of job opportunities for those seeking to make their mark in the financial services industry. With competitive salaries, comprehensive benefits, and endless possibilities for growth, positions at JP Morgan Chase are highly coveted. By staying informed through job sites, tailoring your applications, and preparing thoroughly for interviews, you can enhance your prospects of joining the esteemed ranks of JP Morgan Chase employees. Explore the job board, seize the job opportunities, and embark on a rewarding career journey with one of the world's leading financial institutions.
Learn more about JP Morgan Chase & Co.
Size
661 employees
Market Cap
$384.5 billion
Industry
Net Income
$29.1 billion
Founded
1823
5 Year Trend
+0.7%
Revenue
$261.5 million
NASDAQ

Similar Jobs

More Jobs at JP Morgan Chase & Co.

More Finance & Insurance Jobs

  • Accounting Manager
    St. Mary Development Corporations
    Dayton, OH 45402 (Montgomery County)
  • Controller
    $110K — $120K *
    I & A Recruiting
    Crystal Lake, IL 60014 (Mchenry County)
  • Partner
    $200K — $500K+*
    Confidential Company
    Los Angeles, CA 90001 (Los Angeles County)
  • Hub International Limited
    Producer, Vice President
    $85K — $150K *
    Hub International Limited
    Santa Barbara, CA 93101 (Santa Barbara County)
  • Financial Reporting Manager
    $80K — $95K *
    Episcopal Retirement Services
    Cincinnati, OH 45238 (Hamilton County)

Find similar Prime Finance – Delta One Flow Swaps Trader – Associate jobs: