J.P. Morgan

Asset Management, Highbridge, Cross Capital Structure Trader


PayCompetitive
LocationNew York/New York
Employment typeFull-Time

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  • Job Description

      Req#: 210628612

      Highbridge Capital Management, LLC, founded in 1992, is a global alternative asset management firm. Over the years, it has developed a diversified investment platform that includes hedge funds, co-investment vehicles, and committed, closed-end vehicles designed for longer-term holding periods. Highbridge distinguishes itself as a credit and volatility-focused franchise, with the flexibility to invest opportunistically across the capital structure and liquidity spectrum. Currently managing over $4 billion in capital, the firm strives to generate attractive risk-adjusted returns for a financially sophisticated clientele, including institutional investors, public and corporate pension funds, sovereign wealth funds, endowments, foundations, and family offices. Based in New York, Highbridge also operates an office in London.

      As a Vice President within Highbridge Capital Management, you will partner closely with Co-Chief Investment Officers in shaping a new Cross Capital Structure investment strategy. This crucial role will focus on trading corporate credit, credit derivatives, interest rate derivatives, equities, and equity derivatives for one of the co-CIOs. Highbridge aims to systematically develop and implement innovative strategies that target cross-capital structure dislocations at the single-name level and cross-asset relationships at the macro level within its flagship hedge fund. This role offers substantial growth opportunities for the right candidate, who will leverage their knowledge of derivatives, appreciation for quantitative methods, and trading acumen to enhance the firm’s existing hedging strategies and investment processes. At the same time, the successful candidate will oversee trading for a new strategy, collaborating closely with the CIOs, CRO, and the risk, portfolio construction, and technology teams to design and refine a systematic investment approach.


      Job Responsibilities:

      The Vice President will play a critical role in overseeing the firm's Cross Capital Structure investment strategy. Key responsibilities include, but are not limited to:

      • Portfolio Management: Implement the investment process and execute trades to achieve high risk-adjusted returns.
      • Strategy Development: Work closely with the CIOs and the risk and portfolio construction team to standardized procedures and methodologies for the investment process.
      • Risk Management: Identify, assess, and manage risks, ensuring that the firm's risk models accurately capture the portfolio’s inherent risks.
      • Counterparty Interaction: Build and maintain relationships with credit, credit derivative, and equity volatility trading desks to gather and filter their cross-asset and macro research and ideas, enhancing our internal investment process Performance Monitoring and Communication: Provide daily updates and participate in weekly meetings to discuss the strategy’s developments and risk profile with the CIOs.
      • Continuous Enhancement: Collaborate with technology and operations teams to develop tools and applications that will enable the portfolio to scale in terms of positions and capital managed.
      • Investment Mandate Expansion: Assist in broadening the investment mandate to include a larger presence in macro markets, investment grade and high yield credit, CDS and CDX, and equity derivative trading.

      Required Qualifications, Capabilities and Skills:

      • A degree in Engineering, Mathematics, Computer Science, Physics, or a related quantitative field.
      • A minimum of 8 years of experience in financial markets, with a strong emphasis on derivative trading across both index and single name instruments.
      • Proven ability to understand and manage complex investment products.
      • Exceptional quantitative and analytical skills.
      • Proficiency in Python and familiarity with statistical methods are advantageous.
      • Knowledge of Tableau for data visualization and analysis is a plus but not required.
      • Meticulous attention to detail and a strong commitment to a disciplined investment process.
      • Outstanding communication skills for effective internal and external engagement.
      • Highly collaborative and adaptable in a dynamic environment.
      • Entrepreneurial spirit, with energy, intellectual curiosity, and dedication.
  • About the company

      J.P. Morgan is a leader in financial services, offering solutions to clients in more than 100 countries with one of the most comprehensive global product platforms available. We have been helping our clients to do business and manage their wealth for more than 200 years. Our business has been built upon our core principle of putting our clients'​ interests first.

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