Short-Term Interest Rate Trading (STIRT) - Associate / Vice President

Location: New York, NY, United States

Job Family: Trading Global Population

About the Role

JPMorgan Chase & Co. is a leading global financial services firm with assets of $3.9 trillion and operations worldwide. The Short-Term Interest Rate Trading (STIRT) desk within our Global Markets division is at the forefront of one of the world's premier Interest Rates Trading businesses, providing liquidity and innovative solutions to clients in the dynamic fixed income markets. As an Associate or Vice President on the STIRT team in New York, you will play a pivotal role in trading short-term interest rate instruments such as Fed Funds, SOFR futures, and overnight indexed swaps (OIS). This position offers exposure to high-volume trading, real-time decision-making, and direct interaction with institutional clients, all while leveraging JPMorgan's cutting-edge technology and risk management frameworks to navigate the complexities of monetary policy and liquidity provision. In this role, you will contribute to the desk's objectives by executing trades that optimize the firm's balance sheet usage and generate alpha in a competitive landscape. Responsibilities include monitoring key economic releases like FOMC announcements, analyzing yield curves, and collaborating with cross-functional teams to develop tailored hedging strategies. At JPMorgan Chase, we emphasize a culture of innovation and excellence, where Associates and Vice Presidents are empowered to drive business results while adhering to the highest standards of integrity and compliance. This is an opportunity to build expertise in a core revenue-generating area of our Markets business, with potential for career advancement in trading, structuring, or risk management. We seek candidates who are intellectually curious, resilient, and passionate about financial markets. Joining the STIRT team means becoming part of a supportive, high-performing group that values diversity and inclusion. JPMorgan Chase offers unparalleled resources for professional growth, including access to global networks, advanced analytics tools, and mentorship from industry leaders. If you have a strong quantitative background and a drive to excel in trading, this role will position you at the intersection of finance, technology, and global economics.

Key Responsibilities

• Execute trades in short-term interest rate products, including futures, swaps, and deposits, to manage the firm's risk and capitalize on market opportunities
• Monitor and analyze real-time market data, economic indicators, and central bank policies to inform trading decisions
• Collaborate with sales teams to structure client solutions and provide market color on interest rate movements
• Develop and implement hedging strategies to mitigate interest rate risk across the portfolio
• Utilize quantitative models to price instruments and assess liquidity in the short-term rates market
• Interact with traders, structurers, and risk managers to ensure compliance with internal limits and regulatory requirements
• Contribute to desk initiatives for process improvements, including automation of trade execution and reporting
• Stay abreast of geopolitical events and macroeconomic trends affecting short-term rates
• Support junior team members through mentorship and knowledge sharing
• Prepare daily reports on trading performance, P&L attribution, and market outlook for senior management

Required Qualifications

• Bachelor's degree in Finance, Economics, Mathematics, or a related quantitative field; advanced degree (MBA or Master's) preferred for Vice President level
• 3-7 years of relevant experience in interest rates trading, fixed income markets, or related financial services roles
• Strong understanding of short-term interest rate products including Fed Funds, SOFR, and money market instruments
• Proven track record in trading, risk management, or market-making within a major financial institution
• Proficiency in financial modeling and quantitative analysis using tools like Excel, Python, or VBA
• Series 7 and 63 licenses or equivalent regulatory qualifications required
• Ability to thrive in a fast-paced, high-pressure trading environment

Preferred Qualifications

• Experience trading at a top-tier investment bank such as JP Morgan Chase or similar
• Familiarity with electronic trading platforms and algorithmic trading strategies
• Advanced knowledge of regulatory frameworks like Dodd-Frank, EMIR, and Basel III impacting interest rates
• Prior internship or rotational experience in JP Morgan's Global Markets division
• CFA charterholder or progress toward certification

Required Skills

• Quantitative analysis and financial modeling
• Proficiency in Python or R for data analysis
• Advanced Excel and VBA programming
• Knowledge of Bloomberg Terminal and Reuters Eikon
• Risk assessment and hedging techniques
• Market microstructure understanding
• Strong analytical and problem-solving abilities
• Excellent communication and presentation skills
• Attention to detail in high-stakes environments
• Adaptability to volatile market conditions
• Team collaboration and leadership
• Regulatory compliance awareness
• Time management under pressure
• Economic forecasting and research
• Client relationship management

Benefits

• Competitive base salary and performance-based bonus structure aligned with JP Morgan's total rewards philosophy
• Comprehensive health, dental, and vision insurance plans with employer contributions
• 401(k) retirement savings plan with generous company matching up to 6% of eligible compensation
• Paid time off including vacation, sick days, and parental leave policies
• Professional development opportunities through JP Morgan's internal training programs and tuition reimbursement
• Employee stock purchase plan and access to financial wellness resources
• On-site fitness centers, wellness programs, and mental health support services
• Commuter benefits and relocation assistance for eligible roles in New York

JP Morgan Chase is an equal opportunity employer.