Cash Equity Trader, Vice President
JPMorganChase · New York, NY
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- On site
- Full-time
- $150,000 / year
- New York, NY
Job highlights
- Trade global equities and options for clients.
- Provide expert guidance on market navigation.
- Manage trade execution, booking, and settlements.
- Mitigate risks and ensure operational efficiency.
- Collaborate with internal and external teams.
About the role
About Wealth Management
With more than 160 years of experience, J.P. Morgan Private Bank is a global wealth management leader that delivers the highest quality advice, service, capabilities and products to high net worth individuals and families around the world. We deliver highly customized and comprehensive solutions to help clients with the many complexities they face on their balance sheets by leveraging the Private Bank’s products and solutions. The Private Bank is involved with every facet of wealth management, including investments, liquidity and credit management, and tax and estate planning. Our business model focuses on deep client relationships through an integrated team structure with a platform of depth and breadth.
The Global Wealth Management Equity Trading Desk is responsible for supporting the execution of equity & listed options orders for three lines of business, in in more than forty countries. Additionally we manage the syndicate allocation process for Global Wealth Management. We work with internal trading desks as well as external brokerage desks in order to achieve best execution for our clients. The team works closely with Front Office personnel, as well as Supervisory, Compliance, Technology, Middle Office & Back Office settlement teams in the effective management of our business.
Responsibilities Of The VP Will Include
- Providing our Investors with exceptional guidance & service in navigating and trading the global equity markets
- Establishing a high degree of competence around executing equity & listed options trades: communication, pricing, accurate booking and flawless management of downstream processes
- Resolving and managing the risks associated with failing trades
- Building relationships within front office and support areas, and be able to leverage them for exceptional client service
- Ensuring issues are escalated in a timely manner to allow proactive corrective action and avoid the business incurring unnecessary costs or reputational risk
- Performing core start-of-day and end-of-day processes to successfully manage our day to day operations
Qualifications
- Series 7, 63 and 57
- Minimum of 7 years of prior experience in equity trading – options trading is a plus
- Strong work ethic, professionalism and ability to manage multiple priorities under pressure
- Strong communication skills (both verbal and written)
- Excellent Analytical skills
- Experience in MS Office: Excel, PowerPoint and Word
- Advanced level in coding (Python) and visual analytics platforms (Tableau) is a strong plus
- Experience in best execution analytics in trading (Transaction Cost Analysis)
- Ability to learn J.P. Morgan products, systems and trading tools
- Self-motivation and demonstration of initiative
ABOUT US
JPMorganChase, 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. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of 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 & Co. is an Equal Opportunity Employer, including Disability/Veterans
About The Team
J.P. Morgan Asset & Wealth Management delivers industry-leading investment management and private banking solutions. Asset Management provides individuals, advisors and institutions with strategies and expertise that span the full spectrum of asset classes through our global network of investment professionals. Wealth Management helps individuals, families and foundations take a more intentional approach to their wealth or finances to better define, focus and realize their goals.
Key skills/competency
- Equity Trading
- Options Trading
- Best Execution
- Transaction Cost Analysis
- Python
- Tableau
- Risk Management
- Client Service
- Financial Markets
- Wealth Management
Skills & topics
- Cash Equity Trader
- Vice President
- Equity Trading
- Options Trading
- Financial Markets
- Wealth Management
- Best Execution
- Transaction Cost Analysis
- Python
- Tableau
- Risk Management
- JPMorgan Chase
How to get hired
- Customize your resume: Highlight equity and options trading experience, Series 7, 63, 57, and Python/Tableau skills.
- Showcase analytical & communication skills: Emphasize problem-solving, client service, and ability to work under pressure.
- Demonstrate initiative: Include examples of proactive issue resolution and process improvements in your application.
- Prepare for technical questions: Be ready to discuss best execution analytics and trading strategies.
- Understand the business: Research J.P. Morgan Private Bank's role in wealth management and global markets.
Technical preparation
Behavioral questions
Frequently asked questions
- What are the required licenses for the Cash Equity Trader Vice President role at JPMorgan Chase?
- To be considered for the Cash Equity Trader Vice President position at JPMorgan Chase, candidates must possess Series 7, 63, and 57 licenses. These are crucial for handling equity and options trading activities.
- How much experience is needed for the Cash Equity Trader Vice President role at JPMorgan Chase?
- The role requires a minimum of 7 years of prior experience in equity trading. Experience in options trading is considered a plus and highly valued for this position at JPMorgan Chase.
- Is coding or visual analytics experience necessary for the Cash Equity Trader Vice President job at JPMorgan Chase?
- While not strictly required, advanced proficiency in coding languages like Python and experience with visual analytics platforms such as Tableau are considered a strong plus for the Cash Equity Trader Vice President role at JPMorgan Chase. These skills can significantly enhance your application.
- What are the key responsibilities of a Cash Equity Trader Vice President at JPMorgan Chase?
- Key responsibilities include providing guidance on global equity markets, executing equity and options trades, managing trade risks, building relationships with front office and support teams, and performing daily operational processes for the Global Wealth Management Equity Trading Desk at JPMorgan Chase.
- Does JPMorgan Chase offer remote work for the Cash Equity Trader Vice President position?
- Based on the job description, the Cash Equity Trader Vice President role appears to be based in an office environment, likely requiring on-site presence. Specifics about remote or hybrid work arrangements are typically discussed during the hiring process.
- What is Transaction Cost Analysis (TCA) and why is it important for this role at JPMorgan Chase?
- Transaction Cost Analysis (TCA) is a crucial aspect of best execution in trading. For the Cash Equity Trader Vice President role at JPMorgan Chase, experience in TCA demonstrates an ability to analyze and optimize trade execution to minimize costs and achieve the best possible outcomes for clients.