US Flow Trader [multiple Positions Available]

JPMorgan Chase JPMorgan Chase · Banking · New York, NY +1 · Commercial & Investment Bank

This role is for a US Flow Trader at JPMorgan Chase, focusing on market making, risk management, and client engagement in equity derivatives. It requires advanced quantitative skills, experience with options portfolios, and the ability to develop and implement trading strategies. The role involves collaboration with Quantitative Research and Technology teams, but the core function is trading and risk management rather than AI/ML development.

What you'd actually do

  1. Lead market making activities for a designated sector, independently pricing and managing a complex options portfolio.
  2. Take full ownership of risk management, using advanced quantitative techniques and back testing option strategies to enhance performance and mitigate exposure.
  3. Engage with clients, deliver tailored solutions, and commercial insights to support clients trading and hedging needs.
  4. Collaborate with Quantitative Research and Technology teams to drive innovation and develop new analytical tools.
  5. Implement risk management methodologies and adapt trading strategies to optimize results.

Skills

Required

  • pricing and managing an options portfolio
  • executing trades and providing liquidity in equity derivatives markets
  • performing quantitative risk analysis
  • managing risk exposures in an options trading environment
  • using mathematical and statistical techniques including Stochastic Calculus, Binomial Tree models, Monte Carlo Simulations, Black-Scholes Model, Principal Component Analysis and Regression Analysis
  • designing, implementing, and backtesting option trading strategies including Dispersion, Skew, Correlation, Term Structure, and Volatility Arbitrage
  • engaging directly with institutional clients to discuss trade structures, market views, and risk management solutions
  • applying exchange rules, market structure knowledge, and electronic trading systems
  • utilizing programming languages including Python to develop tools for risk analysis, pricing, and portfolio management
  • applying mathematical concepts, including stochastic calculus, probability theory, and statistical modeling
  • analyzing and interpreting market data, volatility surfaces, and liquidity conditions

What the JD emphasized

  • Master's Degree in Finance, Mathematics, Engineering, Computer Science, Economics, or related field of study plus 3 years of experience
  • Bachelor's Degree in Finance, Mathematics, Engineering, Computer Science, Economics, or related field of study plus 5 years of experience
  • pricing and managing an options portfolio
  • quantitative risk analysis
  • managing risk exposures in an options trading environment
  • designing, implementing, and backtesting option trading strategies
  • engaging directly with institutional clients
  • applying exchange rules, market structure knowledge, and electronic trading systems
  • utilizing programming languages including Python to develop tools for risk analysis, pricing, and portfolio management
  • applying mathematical concepts, including stochastic calculus, probability theory, and statistical modeling
  • analyzing and interpreting market data, volatility surfaces, and liquidity conditions