Macro Credit Trading Desk - Analyst

Job Description

Join the leading Macro Credit Trading Desk at JPMorgan, a key part of our broader credit trading division. We are expanding our strategic focus on credit ETF options and CDS Index options, two rapidly growing market segments, and are seeking a motivated Analyst to join our team. This is an exceptional opportunity to work alongside experienced professionals, develop deep expertise in credit options, and contribute to the continued success of our desk.

 

Position Overview

As an Analyst on our Macro Credit Trading Desk, you will be at the forefront of our credit options business. You will play a vital role in running P&L, managing risk, supporting client interactions, booking trades, and pricing risk. The position offers a clear path to owning a book of risk and developing into a key risk-taker on the desk.

 

Job Responsibilities

• Run daily P&L and risk management for credit options, ensuring accuracy and timely reporting.
• Assist in booking and pricing trades across credit options, working closely with senior traders.
• Support client coverage by preparing trade ideas, responding to inquiries, and helping facilitate transactions.
• Manage and analyze risk exposures within the credit options book, including scenario analysis and stress testing.
• Collaborate with desk members to optimize trading strategies and identify new opportunities in the credit options market.
• Work towards owning a book of risk, with increasing responsibility for trading and risk management decisions.
• Contribute to the desk’s strategic initiatives in credit options, helping to grow market share and enhance our product offering.

Required Qualifications, Capabilities, and Skills

• Experience or strong interest in macro credit instruments, especially credit options (credit ETF options and CDS Index options).
• Highly effective communication skills, with the ability to articulate complex concepts clearly and concisely.
• Strong organizational skills and attention to detail, with the ability to manage multiple competing deadlines.
• Analytical mindset with proficiency in quantitative analysis and risk management.
• Ability to thrive in a fast-paced, dynamic trading environment.
• Collaborative team player with a proactive approach to problem-solving.

About Us

JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world’s most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.

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. Visit our FAQs for more information about requesting an accommodation.

JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans

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.