Currencies and Emerging Markets, Asia Rates Trading, Associate
Join our front office rates trading team covering Asia markets, where you'll make markets, price and execute interest rate products, and actively manage multi-curve risk for regional clients. You'll partner closely with sales, technology, and quantitative research while deepening your expertise across cash and derivatives. You'll engage with institutional clients and build advanced analytics skills in a collaborative trading floor environment with strong mobility opportunities.
As an Asia Rates Trading Associate, you will help cover institutional accounts across key Asia markets and make markets in a defined range of rates instruments. You will price and execute trades, manage the aggregate risk profile across market scenarios, and partner with sales to deliver client-focused solutions. You will also collaborate with technology and quantitative research to enhance pricing tools and model controls, supporting a resilient risk management infrastructure in a fast-paced trading floor environment.
You will interact with a broad spectrum of clients active across Asia rates while advancing your understanding of market microstructure, pricing, and hedging strategies. You will work closely with cross-functional partners to drive efficiency and control in pricing platforms and risk systems, and you will share market color and key flows with clients and internal stakeholders.
Job responsibilities
- Make markets in Asia rates products for institutional clients, ensuring competitive liquidity and execution across priority markets.
- Price and execute cash and derivatives across instruments such as government bonds, interest rate swaps, OIS, basis and cross-currency swaps, and listed rates futures where applicable.
- Manage risk across multiple curves, including DV01/PV01, key rate durations, curve and butterfly exposures, basis, and cross-currency risks.
- Generate and communicate trade ideas aligned to client hedging and investment objectives across Asia markets.
- Provide timely market color on auctions, policy developments, interbank liquidity, and key trading flows across regional curves.
- Optimize carry/roll, funding considerations, and collateral efficiency within desk constraints.
- Collaborate with technology and middle office to enhance pricing tools, trade capture, and risk infrastructure for accuracy and efficiency.
- Partner with quantitative research to refine pricing model controls, curve construction, and risk methodologies in line with governance.
Required qualifications, capabilities, and skills
- Bachelor's degree in Finance, Economics, or a related discipline.
- Minimum 3 years of experience analyzing or trading in APAC rates markets with exposure to multiple Asia curves.
- Strong understanding of market conventions and pricing across cash and derivatives in Asia rates markets.
- Proficiency in Excel and VBA for analytics; familiarity with Python or similar is a plus.
- Working knowledge of risk measures and sensitivities including DV01/PV01, key rate durations, curve/basis, and cross-currency risks.
Preferred qualifications, capabilities, and skills
- Experience trading government bonds, interest rate swaps, OIS, and listed rates futures; familiarity with basis and cross-currency swaps.
- Solid quantitative background in fixed income and derivatives pricing, including curve building and bootstrapping across Asia markets.
- Familiarity with client segments active in Asia rates and regional market conventions.
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. 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.
ABOUT THE TEAM
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.
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