JGB Repo Trader Fixed Income Financing - Analyst/Associate

Join our G10 Fixed Income Financing trading desk in Japan, a growing business within the top tier global investment bank.

As a junior trader within the G10 Fixed Income Financing trading team, you will be working in a dynamic and busy trading floor environment. You will be a junior risk taker where you are expected to tend to the firm's and client's short cover/funding needs as well as trading other products including but not limited to spot FX, USDJPY basis, short-end cash JGBs, bond basis. At the same time, you will manage trade processing, life cycle management, risk and desk's profit and loss estimation.

Job responsibilities

• Be responsible for trade capture, trade life cycle management
• Do short cover/funding for the desk facing brokers
• Market make for client flows
• Estimate profit and loss for the books and understand the risk of the desk
• Hedge the risk of trading books using various trading instruments
• Help the desk handle inquiries from other teams

Required qualifications, capabilities, and skills

• Minimum education required - Bachelor's degree or equivalent.
• Minimum 1 year of middle/back/front office experience in fixed income trading or display of aptitude in such products. (not limited to JPY)
• Registered with the JSDA
• Business level fluency in both Japanese as well as English is required, due to interaction with internal and external stakeholders
• Ability to communicate concepts and ideas, both verbally and via documentation, and be able to defend their validity and target messages to different audiences
• Ability to interact comfortably with business clients and management
• Self-directed, highly motivated, and able to work independently
• Ability to discuss in detail your understanding of fundamental and technical aspects of product(s) traded and support area functions of respective products

Preferred qualifications, capabilities, and skills

• Highly proficient in Bloomberg, Excel
• Demonstrate intellectual curiosity in understanding the various binding constraints and the impact it has on trading behavior
• Demonstrate interest in understanding the inter-connectedness of various markets especially in money market space
• Ability to write periodic commentary on market trends
• Prior roles within fixed income division is a plus
• CFA level 3 a plus

ABOUT US

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. 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.

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.