Quantitative Trading & Research - Prime Finance Service - Associate

Quantitative Trading Research (QTR)

Quantitative Trading Research (QTR) is a global team which expertise ranges across various fields: Derivatives Modelling, Financial Engineering, Data Science and Quantitative Development. We provide quantitative expertise and diverse product offerings to clients. As part of the global QR Group, you'll work on unique analytics and mathematical models, transforming business practices through automation and quantitative methods where JP Morgan is a dominant player.

Job Summary

As an Analyst or Associate Quantitative Researcher in the Quantitative Trading & Research (QTR) Prime Finance Service (PFS) team, you'll will be mainly contributing to the FnO and OTC derivatives risk and margin agenda for QTR PFS. Additionally, you'll contribute to the strategic agenda to transform our investment bank into a data-led business and encourage change using state-of-the-art machine learning techniques. Specially, you'll have the chance to

Job Responsibilities

• Develop/improve mathematical models for pricing and risk/margin measurement for multi-asset FnO/OTC derivatives. Support intraday and EOD pricing, risk/margin and PnL calculation.
• Support the desk and provide portfolio risk management solutions by explaining model behavior, identifying major sources of risk in portfolios, carrying out scenario analyses, developing and delivering quantitative tools.
• Develop and deliver analytics that help transforming the business and contributing to the automation agenda. Partner with Technology and Prod Dev to deliver QTR analytics to the business.
• Drive projects end-to-end, from brainstorming and prototyping to production delivery.
• Develop and deliver ML/AI models and end-to-end solutions.
• Contribute to EOD or intraday hedging activities and algo design.

Required Qualifications, Capabilities, and Skills

• Advanced degree (PhD, MSc or equivalent) in Mathematics, Physics or Computer Science.
• Knowledge of the FnO/OTC derivatives products and good understanding of risk/PnL and Margin methodology and demonstrate quantitative and problem-solving skills.
• Strong coding skills (Primarily Python or C++), proficiency in code design and can navigate large libraries and quickly debug complex logics.
• Experience in a trading desk support position either as a quant or a developer.
• Excellent communication skills, both verbal and written, can engage and influence partners and business/non-Tech stakeholders and enthusiastic about knowledge sharing and collaboration.
• Detail-oriented and can work on adhoc requests and can sometimes work under pressure

Preferred Qualifications, Capabilities, and Skills

• Knowledge of curve building, volatility surface calibrations and more.
• Knowledge of market risk, time-series analysis, VaR and Stress
• Knowledge of ML algorithms and experience in delivering AI models / end-to-end solutions
• Knowledge of Optimization and hedging algorithms

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

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.