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Fixed Income Financing - Experienced JGB Repo Trader - Assoc/VP

Req #: 170089931
Location: Tokyo, 13, JP
Job Category: Accounting/Finance/Audit/Risk
Potential Referral Amount: 650000 Japanese Yen (JPY)
This role sits within the front office and will be working in a dynamic and busy trading floor environment as the senior repo trader in Tokyo, responsible for managing JGB repo risk, liquidity and exposure. The role entails working closely with our cash bond desk in order to facilitate their liquidity and client relationships, and in larger part, developing existing and new client repo relationships to grow the JGB trading repo book organically.  Therefore the responsibilities will include, in part, firm short covering, as well as building the client facing repo book. You will be expected to price, execute and manage specific bonds, collateral and liquidity facing our domestic and international clients via JPM sales network in Tokyo and globally. The roll with require close work with the best in class repo desks in London and NY to fully leverage the collateral management capabilities of the firm.
 
·         Self-starter that would relish the opportunity to build a client repo franchise, grow volumes and thereby P&L
·         Expected to work closely with tech developers in order to generate ideas, push development and implement new systems in line with  the constantly evolving fintech agenda, which is a key priority for the desk
  • Cultivate an appreciation of balance between revenue generation and building a client franchise
  • Build foundation of trust with clients by demonstrating an understanding of their needs and being responsive
  • Understands firm's approach and policies for managing risks in relevant business and applicable legal and regulatory rules, as well as accounting, capital, liquidity and balance sheet implications of the activity
  • Independently resolve P&L reconciliation on issues
  • Ensure all relevant parties (vertically and horizontally) are kept abreast of key developments; Provide  a solution-based framework to business practice and clients; Takes the initiative to improve procedures and processes in a result oriented environment
  • Understand drivers of relevant markets and establish a high degree of competence with clients around executing trades
  • Assist with the post trade process by ensuring the accuracy of all entries and to ensure internal controls are followed
  • Proactively share information, knowledge and ideas that help others succeed
  • Take a leading role in people initiatives (recruiting, mentoring, training)
Candidate Background
  • Self-directed, highly motivated, and able to work independently
·         High level proficiency in use of all market related technology as well as the aptitude to direct tech development for the quickly evolving platform
  • Ability to interact comfortably with business clients and management
·         Very personable yet assertive, able to build consensus for new developments that will be implemented
·         Experienced in JGB repo with desire to replicate proven trading models, but also creative an willing to develop the desk in line with JPM global presence
·         Strong understating and skill related to maintaining client franchise along with maintaining balance sheet discipline  
  • Ability to thrive on the challenge of competitive pressures and remain focused on client needs
  • Ability to communicate concepts and ideas, both verbally and via documentation, and be able to defend their validity and target messages to different audiences
  • Understands the different types of risk and can discuss in detail ways of managing these risk
  • Strong interest for financial markets and its drivers keen to develop a detailed product knowledge on short term products and hedging instruments traded within the desk
  • Ability to discuss in detail understanding of how to calculate and reconcile P&L and which factors impact it
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