Macro Credit Trading Desk – Analyst

Location: New York, NY, United States

Job Family: Analysts

About the Role

At JPMorgan Chase, we are a leading global financial services firm with a proud history of innovation and client focus. The Macro Credit Trading Desk within our Markets division is at the forefront of executing sophisticated trading strategies in credit markets, leveraging macroeconomic insights to drive alpha generation. As an Analyst on this dynamic team in New York, NY, you will play a pivotal role in supporting the desk's operations, contributing to high-volume trading activities in corporate bonds, credit default swaps, and emerging market debt. This position offers exposure to top-tier clients, including institutional investors and sovereign entities, while working alongside seasoned professionals in one of the world's most influential trading floors. Your day-to-day responsibilities will involve rigorous analysis of global economic trends, such as interest rate movements and geopolitical risks, to inform trading decisions. You will develop quantitative models to evaluate credit spreads and portfolio performance, ensuring alignment with JPMorgan's risk appetite. Collaboration is key; you'll partner with cross-functional teams in research, sales, and structuring to deliver actionable insights that enhance client outcomes and firm profitability. This role demands a blend of technical acumen and market intuition, providing an ideal platform for career growth in investment banking and capital markets. JPMorgan Chase values diversity, inclusion, and professional development, offering robust training programs and mentorship opportunities to help you excel. Joining our Macro Credit Trading Desk means becoming part of a culture that rewards innovation, integrity, and excellence. If you are passionate about financial markets and ready to contribute to a team that shapes global credit dynamics, this Analyst position is your gateway to a rewarding career at one of the most respected names in finance.

Key Responsibilities

• Support senior traders in executing macro credit trading strategies across global markets
• Analyze macroeconomic indicators, credit spreads, and market trends to identify trading opportunities
• Build and maintain financial models for pricing credit instruments like corporate bonds and CDS
• Monitor portfolio risk exposures and recommend hedging strategies to mitigate credit and market risks
• Collaborate with sales teams to provide market insights and client-specific trading ideas
• Conduct due diligence on credit issuers and contribute to research reports
• Utilize proprietary JPMorgan tools to track real-time market data and execute trades
• Assist in regulatory reporting and compliance with internal risk management policies
• Participate in desk meetings to discuss strategy and contribute to daily P&L analysis
• Stay updated on geopolitical events and central bank policies impacting credit markets

Required Qualifications

• Bachelor's degree in Finance, Economics, Mathematics, or a related quantitative field
• 1-3 years of experience in credit trading, fixed income markets, or related financial services roles
• Strong understanding of macroeconomic principles and credit risk analysis
• Proficiency in financial modeling and quantitative analysis
• Excellent analytical and problem-solving skills
• Ability to thrive in a fast-paced, high-pressure trading environment
• U.S. work authorization without sponsorship

Preferred Qualifications

• MBA or advanced degree in Finance or Economics
• Experience with Bloomberg Terminal or similar trading platforms
• Prior internship or role in macro trading or investment banking at a bulge-bracket firm
• Knowledge of regulatory frameworks such as Dodd-Frank and Basel III
• Series 7 and 63 licenses or willingness to obtain

Required Skills

• Financial modeling and valuation techniques
• Quantitative analysis and statistical methods
• Proficiency in Excel, Python, or VBA for data analysis
• Knowledge of fixed income products and derivatives
• Credit risk assessment and rating methodologies
• Market microstructure and liquidity analysis
• Strong communication and presentation skills
• Attention to detail and accuracy in high-stakes environments
• Team collaboration and interpersonal abilities
• Adaptability to volatile market conditions
• Time management and prioritization under pressure
• Research skills for economic and financial data
• Understanding of algorithmic trading basics
• Regulatory compliance awareness
• Problem-solving in complex scenarios

Benefits

• Competitive base salary and performance-based bonus structure
• Comprehensive health, dental, and vision insurance plans
• 401(k) retirement savings plan with company matching
• Generous paid time off and flexible work arrangements
• Professional development programs including tuition reimbursement
• Employee stock purchase plan and financial wellness resources
• On-site fitness centers and wellness initiatives at NYC offices
• Parental leave and family support benefits

JP Morgan Chase is an equal opportunity employer.