FX Options Trader - Associate
J.P. Morgan, New York, NY, United States
The FX Options team is responsible for market‑making in FX options and must be comfortable quoting large notional sizes.
Job Summary As an Associate or Vice President on the FX Options trading team, you will have a primary focus on a particular currency bloc. You are expected to be responsible, independent and able to work in smooth coordination with the larger team. Your role will involve market‑making in FX options and you should be comfortable quoting large notional sizes. You will be dealing with a broad range of investors including money managers, banks, insurance companies, pension funds and corporates. This role requires strong communication skills and adept negotiation to transact effectively. You should have a strong understanding of foreign exchange and the macroeconomic promoters of the market. The work environment is fast‑paced and challenging, requiring the ability to think and react quickly under pressure.
Job responsibilities
Making markets in both vanilla and exotic options
Strategically manage risk of client flows and orders
Actively focus on clients and manage relationships
Working in close collaboration with the FX Options technology and Quantitative Research groups to help grow our electronic capabilities
Provide support with mentoring and development of junior staff
Required qualifications, capabilities, and 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
Preferred qualifications, capabilities, and 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.
Benefits We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission‑based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on‑site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.
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.
JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans
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Job Summary As an Associate or Vice President on the FX Options trading team, you will have a primary focus on a particular currency bloc. You are expected to be responsible, independent and able to work in smooth coordination with the larger team. Your role will involve market‑making in FX options and you should be comfortable quoting large notional sizes. You will be dealing with a broad range of investors including money managers, banks, insurance companies, pension funds and corporates. This role requires strong communication skills and adept negotiation to transact effectively. You should have a strong understanding of foreign exchange and the macroeconomic promoters of the market. The work environment is fast‑paced and challenging, requiring the ability to think and react quickly under pressure.
Job responsibilities
Making markets in both vanilla and exotic options
Strategically manage risk of client flows and orders
Actively focus on clients and manage relationships
Working in close collaboration with the FX Options technology and Quantitative Research groups to help grow our electronic capabilities
Provide support with mentoring and development of junior staff
Required qualifications, capabilities, and 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
Preferred qualifications, capabilities, and 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.
Benefits We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission‑based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on‑site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.
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.
JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans
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