Rates Trader

Overview
As a Rates Trader, you’ll be at the heart of market activity, collaborating with top professionals and building your expertise in fixed income. This role offers the opportunity to develop trading strategies, manage risk, and make a direct impact on our business. If you’re driven, analytical, and passionate about markets, this is your chance to grow your career in a world-class team.
As an Associate in the Rates Trading team, you will work in a dynamic and busy trading floor environment, helping traders cover institutional accounts and make markets in a range of fixed income products. You will assist in managing risk, liquidity, and exposure, and support all aspects of the trading desk, including pre-trade analysis, research, trade processing, and strategy design. You will be empowered to develop your market expertise and contribute to the team’s success.
Responsibilities
Understand market drivers and stay on top of market moves, developing cross-asset insights
Independently resolve P&L reconciliation issues
Ensure all relevant parties are informed of key developments
Provide solution-based frameworks to business practices and clients
Take initiative to improve processes and outcomes
Balance revenue generation with building a client franchise
Communicate market drivers effectively to clients
Develop and execute trading strategies
Follow firm policies for risk management and regulatory compliance
Build trust with clients by understanding and responding to their needs
Assist with post-trade processes, ensuring accuracy and internal controls
Required Qualifications, Capabilities, And Skills
Bachelor’s degree in a relevant field
Minimum 3 years’ experience in Rates or FX Trading
Detailed understanding of P&L calculation and reconciliation
Strong knowledge of fundamental and technical aspects of traded products and support functions
Proficiency with market and product terminology, including quantitative frameworks (e.g., pricing, models)
Knowledge of direct costs throughout the transaction lifecycle
Understanding of different types of risk and risk management strategies
Ability to explain and anticipate market movements
Execution-oriented, with a thorough understanding of the transaction cycle
Ability to perform under competitive pressures while focusing on client needs; comfortable interacting with business clients and management
Strong communication skills, both verbal and written, with the ability to tailor messages to different audiences
Preferred Qualifications, Capabilities, And Skills
Experience developing and implementing trading strategies
Familiarity with cross-asset implications and multi-product trading
Advanced quantitative skills and experience with trading models
Proven ability to build and maintain client relationships
Experience in a global trading environment
Demonstrated ability to share knowledge and mentor team members
Open to potentially moving to a different financial hub in the future
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