Rates Trader – STIR - Associate

Are you ready to thrive in a fast-paced trading environment? As a Rates Trader, you’ll be at the heart of market activity, collaborating with top professionals and building your expertise in fixed income. This role offers the opportunity to develop trading strategies, manage risk, and make a direct impact on our business. If you’re driven, analytical, and passionate about markets, this is your chance to grow your career in a world-class team.

Job Summary

As an Associate in the Rates Trading team, you will work in a dynamic and busy trading floor environment, helping traders cover institutional accounts and make markets in a range of fixed income products. You will assist in managing risk, liquidity, and exposure, and support all aspects of the trading desk, including pre-trade analysis, research, trade processing, and strategy design. You will be empowered to develop your market expertise and contribute to the team’s success.

Job Responsibilities

• Understand market drivers and stay on top of market moves, developing cross-asset insights
• Independently resolve P&L reconciliation issues
• Ensure all relevant parties are informed of key developments
• Provide solution-based frameworks to business practices and clients
• Take initiative to improve processes and outcomes
• Balance revenue generation with building a client franchise
• Communicate market drivers effectively to clients
• Develop and execute trading strategies
• Follow firm policies for risk management and regulatory compliance
• Build trust with clients by understanding and responding to their needs
• Assist with post-trade processes, ensuring accuracy and internal controls

Required Qualifications, Capabilities, and Skills 

• Bachelor’s degree in a relevant field
• Minimum 3 years’ experience in Rates or FX Trading
• Detailed understanding of P&L calculation and reconciliation
• Strong knowledge of fundamental and technical aspects of traded products and support functions
• Proficiency with market and product terminology, including quantitative frameworks (e.g., pricing, models)
• Knowledge of direct costs throughout the transaction lifecycle
• Understanding of different types of risk and risk management strategies
• Ability to explain and anticipate market movements
• Execution-oriented, with a thorough understanding of the transaction cycle
• Ability to perform under competitive pressures while focusing on client needs; comfortable interacting with business clients and management
• Strong communication skills, both verbal and written, with the ability to tailor messages to different audiences

Preferred Qualifications, Capabilities, and Skills 

• Experience developing and implementing trading strategies
• Familiarity with cross-asset implications and multi-product trading
• Advanced quantitative skills and experience with trading models
• Proven ability to build and maintain client relationships
• Experience in a global trading environment
• Demonstrated ability to share knowledge and mentor team members
• Open to potentially moving to a different financial hub in the future

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.