Global Rates - STIRT trader - Vice President

Location: LONDON, LONDON, United Kingdom

Job Family: Trading Global Population

About the Role

At JP Morgan Chase, we are at the forefront of global financial markets, and our Global Markets division powers innovative solutions for clients worldwide. As a Vice President in Global Rates - STIRT Trader, you will join a dynamic team in our London office, focusing on short-term interest rate trading (STIRT). This role involves trading a range of instruments such as overnight indexed swaps (OIS), forward rate agreements (FRAs), and money market deposits to capitalize on liquidity and volatility in the rates space. You will contribute to JP Morgan's leadership in fixed income markets by executing high-volume trades, managing risk, and providing actionable insights to institutional clients like hedge funds, corporates, and central banks. Our trading floor in London is a hub of excellence, leveraging cutting-edge technology and deep market expertise to drive superior outcomes in a competitive landscape. In this position, you will be responsible for developing sophisticated trading strategies that respond to real-time market signals, including ECB and Fed policy announcements, inflation data, and geopolitical events. Collaboration is key; you will work closely with structurers, salespeople, and quants to innovate products and enhance client offerings, all while adhering to stringent risk controls and regulatory standards like EMIR and MiFID II. JP Morgan values curiosity and passion, so you will have opportunities to explore emerging trends such as ESG-linked rates products and algorithmic trading enhancements. Your role will directly impact the firm's P&L, requiring a blend of quantitative acumen and market intuition to navigate the complexities of global rates dynamics. We seek individuals who are not only technically proficient but also resilient and team-focused, ready to thrive in a high-stakes environment. JP Morgan Chase offers unparalleled resources for growth, including access to proprietary data analytics, mentorship from senior traders, and global mobility opportunities. If you are eager to make an impact in one of the world's most influential financial institutions, join us to shape the future of rates trading and contribute to our mission of enabling the world's most important transactions.

Key Responsibilities

• Develop and execute trading strategies for short-term interest rate products, including money market instruments, futures, and swaps
• Monitor and analyze global rates market movements, economic indicators, and central bank policies to identify trading opportunities
• Manage risk exposure in the STIRT portfolio, ensuring compliance with internal limits and regulatory requirements
• Collaborate with sales teams to provide market color, trade ideas, and hedging solutions to institutional clients
• Utilize quantitative models and data analytics to optimize trading decisions and enhance liquidity provision
• Contribute to the development of new trading products and strategies within JP Morgan's Global Markets platform
• Liaise with operations, compliance, and technology teams to ensure seamless trade execution and settlement
• Stay abreast of market innovations, such as fintech integrations and sustainable finance trends in rates
• Mentor junior traders and support team initiatives to drive performance in the London trading floor

Required Qualifications

• Bachelor's degree in Finance, Economics, Mathematics, or a related quantitative field
• Minimum of 5-7 years of experience in rates trading, specifically in STIRT (Short-Term Interest Rate Trading) or similar fixed income markets
• Proven track record in executing trades in global rates markets, with a focus on short-term instruments like deposits, repos, and FRAs
• Strong understanding of market microstructure, liquidity dynamics, and risk factors in the interest rate derivatives space
• Relevant professional certifications such as CFA, FRM, or Series 7 equivalent (or willingness to obtain)
• Experience working in a high-pressure trading environment within a major financial institution
• Fluency in English; additional languages such as German or French are advantageous for European markets

Preferred Qualifications

• Advanced degree (Master's or PhD) in Finance, Quantitative Finance, or Engineering
• Prior experience at a bulge-bracket bank like JP Morgan Chase in the Global Markets division
• Hands-on experience with electronic trading platforms and algorithmic trading strategies in rates
• Demonstrated success in managing a STIRT trading book with P&L accountability
• Knowledge of regulatory frameworks such as MiFID II, EMIR, and Dodd-Frank impacting rates trading

Required Skills

• Proficiency in rates trading platforms such as Bloomberg, Reuters Eikon, and Tradeweb
• Advanced Excel and VBA skills for financial modeling and data analysis
• Knowledge of Python or R for quantitative analysis and back-testing trading strategies
• Strong analytical skills to interpret economic data and forecast interest rate movements
• Risk management expertise, including VaR, stress testing, and scenario analysis
• Excellent communication skills for client interactions and cross-functional collaboration
• High attention to detail and ability to thrive in fast-paced, deadline-driven environments
• Problem-solving abilities to navigate complex market conditions and regulatory challenges
• Team-oriented mindset with leadership potential in a trading desk setting
• Adaptability to evolving market technologies, including AI-driven trading tools
• Understanding of derivatives pricing models like Black-Scholes for rates products
• Negotiation skills for executing large block trades and managing counterparty relationships
• Time management to handle multiple trades and market events simultaneously
• Ethical judgment in compliance with JP Morgan's code of conduct and industry standards

Benefits

• Competitive base salary and performance-based bonus structure aligned with JP Morgan's total rewards philosophy
• Comprehensive health, dental, and vision insurance coverage for employees and eligible dependents
• Generous 401(k) matching program with immediate vesting and access to financial wellness resources
• Paid time off including vacation, sick leave, and parental leave policies supporting work-life balance
• Professional development opportunities through JP Morgan's internal training programs and tuition reimbursement
• Employee stock purchase plan and access to exclusive investment education from world-class experts
• Wellness programs including gym memberships, mental health support, and onsite fitness facilities in London
• Relocation assistance for international hires and expatriate benefits for global mobility within the firm

JP Morgan Chase is an equal opportunity employer.