Global Rates - Euro Swaps Trader ERM - Associate
J.P. Morgan
Are you ready to advance your career at the intersection of Euro Swaps and electronic market making? At J.P. Morgan, you will join a collaborative team where your risk expertise and analytical skills are valued. We offer opportunities for growth, learning, and meaningful impact. You will work alongside traders, quants, ATS engineers, and control partners, deepen your market knowledge, and help shape systematic strategies through rigorous, independent risk oversight.
As an Associate ERM on the Euro Swaps desk, you will play a pivotal role in providing independent challenge and partnering with the desk on algorithmic trading initiatives. You will act as a key liaison to ATS, help influence the design and implementation of systematic IRS market making, and proactively harness data to drive decisions. Within our inclusive and dynamic environment, you will strengthen risk management, support sustainable business growth, and contribute creative solutions to complex trading problems.
Job responsibilities
- Liaise between the Euro Swaps desk and ATS to align risk with systematic strategy design.
- Provide independent oversight of IRS//basis, tracking key sensitivities and P&L drivers.
- Influence and challenge systematic IRS market‑making within risk appetite and governance.
- Build data‑driven analytics to improve quoting, inventory, and hedging.
- Partner with quants and model risk on methodologies, backtesting, validation, and data quality.
Required qualifications, capabilities, and skills
- Experience in market or e‑trading risk, quant, or rates trading.
- Strong analytical skills with the ability to interpret complex market data.
- Excellent decision-making abilities.
- Effective communication and teamwork skills.
- Ability to thrive in a fast-paced environment.
- Proficiency in Python and/or similar languages for data analyses and automation
Preferred qualifications, capabilities, and skills
- Hands-on exposure to algorithmic market making, ATS.
- Familiarity with electronic trading platforms and market analytics tools.
- Knowledge of market risk frameworks; experience with P&L attribution and backtesting.
- Bachelor’s degree in Finance, Economics, Mathematics, Engineering, or a related field
- Demonstrated ability to adapt to changing market conditions
This role encompasses the performance of UK regulated activity. The successful candidate will therefore be subject to meeting UK regulatory requirements in the assessment of fitness, propriety, knowledge and competence (as assessed by the Firm) and (where appropriate) approval by the UK Financial Conduct Authority and/or the Prudential Regulation Authority to carry out such activities.
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.
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.
Join us as an ERM supporting the Euro Swaps desk. Bridge trading and ATS, influence systematic IRS market making, and use data to shape our electronic trading risk strategy within an expert, collaborative team.
