Global Equities - Equity Derivatives Trader, Delta One - Vice President at JPMorgan Chase & Co.

About the job
Our Business

• Global Equities is part of the IB and offers solutions, which include trade execution, program and special equity trading services; equity-linked services and structuring for new equity-linked issuances; marketing, structuring and trading services on equity-based or fund-based derivatives products; and a wide range of research, sales, execution, clearing, financing and reporting services.
• The Delta One desk focuses on non-volatility products. Among other instruments we transact on behalf of customers and JPM account Swaps, forwards, and futures. Our universe covers indices in SA but also the SA component of global indices and we offer short to long maturities on OTC and listed trades.

Opportunity

• Part of the South African Delta One team, which consists of 2 traders covering Delta One derivatives on the main SA indices. We price and execute client requests for swaps and other Delta One products referencing to all South African underlying (single stock and indices).
• Actively market making all main indices to clients and exploit arbitrage opportunities on an ongoing basis
• Management of delta, rho, borrow, theta and mu risk applicable to index books
• Generate trade ideas based on quantitative analysis, and work on optimising the management of the desk inventory
• Reply to client requests and price delta one products (forwards/synthetics, TRS, EFP...) on all SA listed indices and custom indices.
• Analyse corporate actions and index related events (additions/deletions, changes of weights etc...)
• Trade actively on the exchange the hedges for the derivatives exposure

Skills & Qualifications

• Experience in Delta One trading is preferable
• Trading of fixed income instruments (rates/FX Swaps) will be an advantage
• Demonstrate very good knowledge and understanding of the equity markets and of the main equity indices
• Ability to work under pressure with limited supervision
• Accuracy and attention to detail
• Be able to perform in a challenging, fast-paced environment
• Have outstanding communication skills as you will interact extensively within direct colleagues as well as with sales forces and support functions
• Have a strong mathematical background for pricing derivatives products
• Extensive experience in a relevant Financial services field (ideally IB) with immediately transferable skills
• In-depth knowledge of the above mentioned products

J.P. Morgan is a global leader in financial services, providing strategic advice and products to the world's most prominent corporations, governments, wealthy individuals and institutional investors. Our first-class business in a first-class way approach to serving clients drives everything we do. We strive to build trusted, long-term partnerships to help our clients achieve their business objectives.

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. In accordance with applicable law, we make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as any mental health or physical disability needs.