JPMorganChase
Global Credit Trading & Syndicate - EMEA Leveraged Finance Trading desk - Vice President
Job Description
The EMEA Leveraged Finance Trading business is part of the Corporate and Investment Bank's Global Credit Trading platform. The business trades High Yield Bonds and Leveraged loans, both performing and stressed, and in the case of distressed debt any successor or restructured instruments including reorganized equity. We are looking to recruit a desk analyst to cover Loans and Special Situations (focus on opportunistic and stressed credits). Our client base includes the top European banks, credit opportunity funds, hedge funds, CLO investors, and private equity clients.
Job summary:
As Vice President within Global Credit Trading & Syndicate, EMEA Leveraged Finance Trading desk, you will join the situational research team as a desk analyst reporting to the head of desk research. Desk analysts work in partnership with traders to generate trading revenues on secondary trades and manage desk inventory for market making. Desk analysts are a key input in JPMorgan's ability to maintain its market making leadership and set trading levels in rapidly developing or complex credit situations.
You will work directly with senior members of the team and market to collaborate on a finished product to drive risk decisions and facilitate the market making process.
Job responsibilities:
- Review a wide variety of credits to produce commentary and analysis to identify profitable trading opportunities, both for our clients and for the desk positions.
- Work with the traders to set prices for trading levels for credits
- Partner with sales team to source and pitch trading opportunities to banking and hedge fund client base
- Credit manage inventory positions for all changes to the credits including amendments, waivers and restructuring
- Identify profitable risk-taking opportunities including capital solutions where new money is needed
- Preparation of other ad hoc support materials/ presentations to group and clients
- Network with counterparts and colleagues in the market such as peer analysts at funds, legal advisors and restructuring advisors
Required qualifications, capabilities, and skills:
- You have previous experience in credit analysis, financial modelling and valuation
- You demonstrate valuation and credit analysis ability, including good cash flow modelling skills
- You have mature personality to enable direct client interaction, confident presentation skills
- You demonstrate ability to work under pressure and to tight deadlines
- You have experience in understanding debt documentation, identify weaknesses in documentation, understand legal frameworks
- You have strong work ethic
- You are a self-starter capable of working independently while also thriving as part of a larger team.
Preferred qualifications, capabilities, and skills
- You demonstrate written and spoken French language skills
- You have experience in restructuring
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.
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 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.