North America Head of Gas Basis Markets Trading - Executive Director

Join a high‑impact trading team where you will lead a North America gas basis franchise, price complex client flow, and drive portfolio performance. You will shape strategy, develop tools that elevate decision‑making, and partner closely with sales and control functions. Your leadership will help grow client relationships and deliver measurable outcomes.

As an Executive Director or Managing Director North America Gas Basis Markets Trader in the Gas Basis Trading team, you lead a team of traders to monetize physical and derivatives client flow, actively manage basis risk, and deliver consistent revenue and client value. You partner with sales, risk, and financing teams to price competitively, optimize liquidity, and ensure disciplined risk management, operating in a collaborative, high‑performance culture that values clear communication, analytical rigor, and continuous improvement.

• Lead and develop a team of traders to build a best‑in‑class North America gas basis franchise.
• Price and monetize derivatives and physical client flow through the sales desk, capturing client value efficiently.
• Manage a North America gas basis portfolio with disciplined limits and educated market views to drive returns.
• Size, understand, and manage position risk, liquidity, and basis exposures with strong commercial judgment.
• Integrate risk, credit costs, and the competitive landscape into pricing and execution decisions.
• Manage client risk to minimize residual exposure while optimizing economics and client outcomes.
• Develop and maintain analytical tools for fundamental supply, demand, storage, and pipeline analysis.
• Report risks, P&L drivers, and opportunities to management with timely, concise communication.
• Translate complex trade structures into clear, actionable communications for stakeholders.
• Build and leverage partnerships across sales, research, financing, and operations to deliver holistic client solutions.
• Foster an inclusive, high‑performance culture through strong communication and sharing of best practices.

• Bachelor’s degree or equivalent experience.
• 10 years of experience trading and originating physical natural gas.
• Demonstrated track record managing North America gas basis risk and portfolio P&L.
• Proven experience pricing and monetizing client flow across physical and derivatives markets.
• Strong understanding of commodities infrastructure (pipelines, storage, hubs, tariffs) and credit implications of trading activities.
• Leadership experience managing traders and owning risk within defined limits.
• Ability to produce clear written and verbal communications for risk, pricing, and client interactions.

• Advanced degree in a quantitative or relevant field.
• Expertise with United States and Canadian pipeline operations, tariffs, and scheduling.
• Experience with energy trading risk management (ETRM) systems and automated risk/reporting workflows.
• Coding skills to build analytics and tools (e.g., Python, SQL) and visualize market fundamentals.
• Established relationships across producers, marketers, and utilities.

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 FAQs for more information about requesting an accommodation.

JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans

Lead a North America gas basis trading franchise, pricing client flow and managing risk to maximize revenue and client value.