Commodities are typically sorted into four broad categories: metal, energy, livestock and meat, and agricultural products. Commodities are considered risky investments because the supply and demand of these products are affected by events that are difficult to predict, such as weather, epidemics, and natural and human-made disasters. There are many ways to invest in commodities, including futures contracts, options, and exchange-traded funds (ETFs).Job Summary:As a Power Trader within our dynamic team, you will support Senior Traders in capitalizing on derivative client flow through the sales desk, ensuring efficient client value monetization. You will play a crucial role in assisting traders to monetize derivative client flow via the sales desk, contributing significantly to revenue maximization.Job Description:
All following descriptions pertain to U.S. power markets
Assist Senior Traders to monetize derivative client flow via the sales desk, to price it competitively and to monetize client value as efficiently as possible
To use liquidity from client flow to proficiently maximize revenue
Develop and maintain analytical tools for fundamental analysis as well as risk management tools
Manage daily tasks such as marking books, market commentary, and other internal processes.
Work together with other internal groups such as sales, QR, and other trading teams
Job Responsibilities:
Appropriately sizes, understands, and manages risk in the portfolio commercially
Take into consideration, risk, credit costs and the competitive environment when pricing
Managing client risk in order to minimize and capture client value efficiently
Proactively runs risk with educated views on underlying markets in order to create added value from that client flow
Distils complex ideas or structures into meaningful communications
Enhances reputation of firm through expertise, professionalism, and maturity in verbal and written communications
Builds and leverages partnerships to deliver the whole firm to clients
Required qualifications, capabilities, and skills
The ideal candidate should have: the ability to work well under pressure, with several people of different nationalities and personalities; and a high degree of initiative and commitment.
Minimum Bachelor's degree or equivalent required
Minimum 2 years' experience in trading power products in US markets with an emphasis on East Power
Strong understanding of U.S. power and gas infrastructure
Preferred qualifications, capabilities, and skills
Strong computational skills in Python, SQL, and/or other programming languages, preferred.
JPMorgan Chase & Co., one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.We offer a competitive total rewards package including base salary determined based on the role, experience, skill set, and location. For those in eligible roles, we offer discretionary incentive compensation which may be awarded in recognition of firm performance and individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.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.JPMorgan Chase is an Equal Opportunity Employer, including Disability/VeteransBase Pay/SalaryNew York,NY $135,000.00 - $200,000.00 / year
