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CIB – Currencies & Emerging Markets - Global FXO Trading – Executive Director

Req #: 180027959
Location: London, ENG, UK
Job Category: Sales/Trading/Research
Potential Referral Amount: 3500 Pound Sterling (GBP)
About J.P. Morgan
 
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.5 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small business, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.
 
J.P. Morgan is a top tier liquidity provider in global FX markets offering competitive pricing across 300 currency pairs in cash and derivative products. We offer a full spectrum of currency services - from plain vanilla to exotic options; from major currencies to emerging markets. The Global FXO trading team focuses on providing execution and advisory services to the global client franchise. The team works closely with sales teams covering institutional and corporate accounts as well as other trading and sales entities within the firm.
 
Job summary
The FX Option Trader will work as part of the FX Option Trading team in London with primary focus on the Yen currency bloc. The individual must be responsible, independent and able to work in smooth coordination with the larger team. The individual will be responsible for market-making in FX options with primary focus on the Yen bloc and must be comfortable quoting large notional sizes.
 
The role focuses on market-making of Yen FX options for a broad range of investors (money managers, banks, insurance companies, pension funds and corporates). The position demands strong communication skills and adept negotiation in order to transact in an effective way. The candidate must have a strong understanding of foreign exchange and the macroeconomic drivers of the market.
 
The work environment is fast-paced and challenging, so the ability to think and react quickly under pressure is essential.
  
Core Responsibilities
  • Making markets in both vanilla and exotic Options.
  • Strategic risk management of client flows and orders.
  • A strong client focus and excellent relationship management.
  • Working in close collaboration with the FX Options technology and Quantitative Research groups in order to help grow our electronic capabilities.
  • Assist with mentoring and development of junior staff.
Essential skills
  • Demonstrable trading experience
  • The ability to assess and understand risk around trading positions and market events
  • Someone who thrives on the challenge of competitive pressures and is able to remain focused on client needs
  • Maturity and the ability to succeed in a dynamic, fast-paced and open environment
  • Attention to detail, adaptable and hungry to learn
  • Ability to work effectively as part of a team
Desirable skills
  • Demonstrable years experience trading at a large bank
  • Demonstrable experience interacting with major institutional FX clients
  • Experience with electronic market making preferred
  • Bachelor degree, quantitative subjects preferred.

This role encompasses the performance of UK regulated activity. The successful candidate will therefore be subject to meeting UK regulatory requirements in the assessment of fitness, propriety, knowledge and competence (as assessed by the Firm) and (where appropriate) approval by the UK Financial Conduct Authority and/or the Prudential Regulation Authority to carry out such activities.

 

About J.P. Morgan’s Corporate & Investment Bank:

 

J.P. Morgan’s Corporate & Investment Bank 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.  Further information about J.P. Morgan is available at www.jpmorgan.com.

 

JPMorgan Chase & Co. offers an exceptional benefits program and a highly competitive compensation package. JPMorgan Chase & Co. is an Equal Opportunity Employer.

 

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