US Flow Trader [Multiple Positions Available]
USD 285k-285k / year + Equity
DESCRIPTION:
Duties: Lead market making activities for a designated sector, independently pricing and managing a complex options portfolio. Take full ownership of risk management, using advanced quantitative techniques and back testing option strategies to enhance performance and mitigate exposure. Engage with clients, deliver tailored solutions, and commercial insights to support clients trading and hedging needs. Collaborate with Quantitative Research and Technology teams to drive innovation and develop new analytical tools. Implement risk management methodologies and adapt trading strategies to optimize results. Demonstrate a high level of autonomy in decision-making and continuously evaluate market conditions. Foster strong relationships within the trading team, providing expertise and support across sectors as needed.
QUALIFICATIONS:
Minimum education and experience required: Master's Degree in Finance, Mathematics, Engineering, Computer Science, Economics, or related field of study plus 3 years of experience in the job offered or as US Flow Trader, Vol Relative Value & Dispersion Trader, Associate Exotics Derivatives Trader, or related occupation. The employer will alternatively accept a Bachelor's Degree in Finance, Mathematics, Engineering, Computer Science, Economics, or related field of study plus 5 years of experience in the job offered or as US Flow Trader, Vol Relative Value & Dispersion Trader, Associate Exotics Derivatives Trader, or related occupation.
Skills Required: This position requires experience with the following: pricing and managing an options portfolio, including executing trades and providing liquidity in equity derivatives markets; performing quantitative risk analysis and managing risk exposures in an options trading environment including the use of mathematical and statistical techniques including Stochastic Calculus, Binomial Tree models, Monte Carlo Simulations, Black-Scholes Model, Principal Component Analysis and Regression Analysis to assess and mitigate portfolio risk; designing, implementing, and backtesting option trading strategies including Dispersion, Skew, Correlation, Term Structure, and Volatility Arbitrage using historical data to evaluate performance and risk characteristics; engaging directly with institutional clients to discuss trade structures, market views, and risk management solutions in a commercial context; applying exchange rules, market structure knowledge, and electronic trading systems to execute and manage trades in equity derivatives markets; utilizing programming languages including Python to develop tools for risk analysis, pricing, and portfolio management; applying mathematical concepts, including stochastic calculus, probability theory, and statistical modeling to the pricing and risk management of equity derivatives; analyzing and interpreting market data, volatility surfaces, and liquidity conditions to inform trading decisions.
Job Location: 270 Park Avenue, New York, NY 10017.
Full-Time. Salary: $285,000 - $285,000 per year.
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. Visit our FAQs for more information about requesting an accommodation.
JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans
J.P. Morgan’s Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.
Lead market making activities for a designated sector, independently pricing and managing a complex options portfolio.