Currencies and Emerging Markets, Exotics and Hybrids Rates Trading, Associate
Join a dynamic front office trading team where you'll price and execute complex interest rate exotics and cross-asset hybrid structures. You'll deepen your market-making expertise, partner closely with sales, technology, and quantitative research, and sharpen your skills in options pricing and risk management. You'll work with institutional clients across diverse structures while advancing your programming and analytics capabilities in a collaborative trading floor environment with strong mobility opportunities.
As an Exotics and Hybrids Rates Trading Associate within the front office, you will help senior traders make markets and cover institutional accounts across a defined range of interest rate exotics and cross-asset hybrid products. You will price and execute structured options, manage the aggregate risk profile across market scenarios, and partner with sales to deliver solutions aligned to client objectives. 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 engage with a wide spectrum of clients and products while advancing your understanding of options analytics, cross-asset dynamics, and hedging strategies. You will work closely with cross-functional teams to drive efficiency and control in pricing platforms and risk systems, and you will help communicate market color and key flows to clients and internal partners.
Job responsibilities
- Make markets in interest rate exotics and cross-asset hybrid products for institutional clients using front office pricing tools and platforms.
- Price and execute complex options and exotics, including callable step-ups, callable range accruals, CMS curve leveraged steepeners, mid-curve options, YCSO curve options, forward volatility agreements, and cross-asset hybrid structures.
- Partner with sales to understand client hedging and investment needs and propose product solutions and trade ideas aligned to objectives.
- Provide timely market color and updates on key trading flows to clients and internal stakeholders.
- Manage the aggregate risk profile of the trading book under varying market environments using robust hedging strategies across rates and correlated asset classes.
- Collaborate with technology and middle office to enhance pricing tools, platforms, and risk management infrastructure for accuracy and efficiency.
- Work with quantitative research to improve pricing model controls and risk management systems.
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Required qualifications, capabilities, and skills
- Bachelor's degree in Finance, Economics, or a related discipline.
- Minimum 3 years of experience analyzing or trading in financial markets in APAC.
- Strong understanding of options pricing analytics and the behavior of pricing models and risk tools.
- Proficiency in Excel and VBA for analytics and tooling.
- Relevant knowledge of option risk measures including delta, vega, gamma, and theta.
Preferred qualifications, capabilities, and skills
- Solid quantitative background in financial mathematics and derivatives pricing.
- Experience trading interest rate swaps, options, exotics, and familiarity with cross-asset hybrid structures; knowledge of fixed income products.
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.
Perks and Benefits
Health and Wellness
Parental Benefits
Work Flexibility
Office Life and Perks
Vacation and Time Off
Financial and Retirement
Professional Development
Diversity and Inclusion