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High Yield Debt Trader Associate – Cincinnati

4 August 2016

jpm chase

J.P. Morgan is a global leader in asset and wealth management services. The Asset Management line of business serves institutional, ultra high net worth, high net worth and retail clients through its Global Investment Management and Global Wealth Management businesses. With client assets of $2.3 trillion and assets under management of $1.7 trillion, we are one of the largest asset and wealth managers in the world. (Assets as of March 31, 2016).

Global Investment Management

J.P. Morgan Asset Management (Investment Management) is a leading investment manager of choice for institutions, financial intermediaries and individual investors worldwide. With a heritage of more than two centuries, a broad range of core and alternative strategies, and investment professionals operating in every major world market, we offer investment experience and insight that few other firms can match.

    • Clear focus on managing client assets and delivering strong risk-adjusted returns
    • Nearly 1,000 investment professionals providing strategies spanning the full spectrum of asset classes, including equity, fixed income, cash liquidity, currency, real estate, hedge funds and private equity
    • Leadership positions in the U.S., U.K., Continental Europe, Asia, and Japan

J.P. Morgan Asset Management is the marketing name for the investment management businesses of JPMorgan Chase & Co. and its affiliates worldwide.

SUMMARY OF DEPT:

JPMAM’s High Yield FI trading team in Cincinnati executes all the trades for the high yield FI team located in Cincinnati, which currently manages over $35 billion in client assets. The position will augment the existing two high yield debt traders that are based in Cincinnati and will report to the Head of JPMAM Trading located in London.

Trading expertise: the successful candidate will have a high level of involvement in financial markets generally and the high yield debt markets specifically. The candidate will have a solid grounding of bond mathematics and the workings of the high yield debt markets specifically. They will have at least two years experience of managing or trading at either an investment bank, or at a hedge fund or institutional asset manager. They will have a familiarity with core trading technologies (Bloomberg, Tradeweb, Marketaxess) and be capable of adopting new technologies to enhance execution efficiency and information management.

Communication: the trading team works closely with portfolio managers and analysts in Cincinnati. The successful candidate will be able to articulate views and opinions clearly and concisely and over time will be expected to make a full contribution to the investment process, focussing on the impact of changing market/liquidity conditions. More broadly they will have a high level of enthusiasm and intellectual curiosity about markets generally, high yield debt markets specifically, and is able to clearly articulate and promote thoughts and ideas to a broad and diverse audience. In time, they will be expected to play a full part in contributing to the various regular investment meetings and review and to consistently add value to the investment process.

Counterparty management: they will establish strong relationships with our counterparties and be expected to manage those relationships with tact and maturity. The successful candidate will consistently represent industry best practice in terms of execution style and broker interactions.

Qualifications

Experience: the candidate will have at least two years of experience working directly in fixed income markets, on either the buy-side or sell-side. A solid knowledge of bond and high yield debt market fundamentals will be augmented by experience of trading or managing debt in both securities markets (bonds) and the associated exchange and OTC derivatives markets.

Qualifications: at least a first degree (BA/BSc) in economics/finance/math/natural sciences, etc and ideally a further degree (masters, etc). If not already achieved, the candidate will be expected to (continue to) work towards gaining full CFA certification.

JPMorgan Chase is an equal opportunity and affirmative action employer Disability/Veteran.

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