JP Morgan Chase & Co.

Quantitative Trading & Research - Equity Derivatives Exotics - Analyst

JP Morgan Chase & Co. • $110K — $130K *
New York, NY 10017In-Person
Finance & Insurance
Less than 5 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Master's degree in a quantitative field from a prestigious university.
  • Strong C++ and Python programming skills, along with proficiency in numerical packages.
  • Experience in statistical analysis and machine learning methods.
  • Familiarity with derivatives pricing models and specific equity derivative products.
  • In-depth understanding of Monte-Carlo simulation and finite-difference PDE for derivative pricing.
  • Effective communication skills with business stakeholders.
  • Prior front-office quantitative research experience.
  • Knowledge in dependency-graph programming.

Responsibilities

  • Develop and implement frameworks for derivative products, including lifecycle and model validation using dependency-graph programming and Python.
  • Create pricing models for derivatives utilizing a mix of C++ and Python programming to meet specific business needs.
  • Drive innovation in product payoff structures by applying machine learning techniques within the product design framework.
  • Streamline product review processes in adherence to the product design framework and produce comprehensive model documentation for approvals.
  • Evaluate and monitor quantitative methodologies and associated model risks in derivative valuation.
  • Support trading by elucidating model behaviors, pinpointing major portfolio risks, and performing scenario analyses.

Benefits

  • Collaborative work environment with the Quantitative Trading & Research team.
  • Opportunity to work on cutting-edge quantitative techniques and machine learning applications.
  • Exposure to diverse derivative products and trading scenarios.
  • Clear emphasis on model validation and risk management, with a focus on disciplined development practices.
Full Job Description
JOB DESCRIPTION

TheQuantitative Trading & Research (QTR) Equity Derivativesteam is looking for a junior quant to focus on exotic products. The objective is to drive and implement analytics, optimization and modeling for Equity Exotic trading, with immediate focus on building robust trade booking, analytics and model validation layers.

Job Summary

As an Analyst for the Equity Derivatives Exotics QTR team, you will make extensive use of quantitative techniques, including machine learning, to deliver end-to-end solutions for the business. This includes introducing a systematic framework to develop derivative products, strengthen risk and P&L control and facilitate lifecycle management, developing derivative pricing and lifecycle models, as well as identifying and monitoring associated model risks. It is particularly important for this role, that you are a disciplined developer, adhering to the highest standard of development, testing, deployment life cycle, working with the broader QTR team and with technology.

Job responsibilities:

  • Develop a framework and key components to develop derivative products including life cycling and model validation, using dependency-graph programming and Python language.
  • Model derivative products using C++ - Python hybrid programming to meet business requests.
  • Drive payoff innovation using the product design framework and machine learning techniques.
  • Streamline product review under the product design framework and provide clear model documentation to facilitate model approvals.
  • Evaluate quantitative methodologies including identifying and monitoring model risks associated with derivative valuation models.
  • Support trading activities by explaining model behavior, identifying major sources of risk in portfolios and carrying out scenario analyses.

Required qualifications, capabilities, and skills:

  • Master degree in a quantitative field from a top university.
  • Strong programming skills in C++, Python and numerical packages
  • Experience with statistical analysis and machine learning.
  • Experience with derivatives pricing models and equity derivatives products.
  • Solid understanding of the application of Monte-Carlo simulation and finite-difference PDE in derivative pricing.
  • Ability to communicate effectively with business stakeholders.
  • Prior experience in a front-office quantitative research role.
  • Experience or good knowledge in dependency-graph programming.

Preferred qualifications, capabilities, and skills:

  • Knowledge of risk management frameworks and regulatory requirements.

About JP Morgan Chase & Co.

JP Morgan Chase & Co. stands at the forefront of the global financial services industry. They offer an expansive array of products and services to a diverse clientele, including individuals, corporations, governments, and institutions. Ever since the merger of J.P. Morgan & Co. and Chase Manhattan Corporation in 2000, this industry-leading entity has become renowned for its comprehensive portfolio encompassing consumer and community banking, corporate and investment banking, commercial banking, as well as asset and wealth management. Headquartered in the vibrant city of New York, JP Morgan Chase & Co. boasts a formidable presence across over 100 countries worldwide.

Unveiling Employment Opportunities at JP Morgan Chase & Co.

Vacancies and Hiring Initiatives

JP Morgan Chase & Co. is continuously on the lookout for talented individuals eager to contribute to its legacy of excellence. The company's recruitment efforts are geared towards identifying candidates with the right blend of skills and qualifications to drive forward its various business segments. Whether you are a seasoned professional or a recent graduate, JP Morgan Chase offers a plethora of job openings across multiple disciplines.

High-Demand Positions

Among the myriad of roles, certain positions stand out for their attractive compensation packages and career advancement prospects. Notably, high-paying jobs at JP Morgan Chase & Co. include Relationship Manager, Branch Manager, and Software Engineer. These roles are critical to the firm's operations and offer lucrative opportunities for those with the requisite expertise.

Navigating the Job Market at JP Morgan Chase & Co.

Leveraging Job Portals and Job Alerts

For job seekers aiming to tap into the opportunities at JP Morgan Chase, staying updated through job portals and subscribing to job alerts is crucial. These tools can provide timely information about job openings, job fairs, and recruitment events, enabling candidates to apply promptly and prepare adequately for interviews.

Preparing Your Job Application

Your job application, comprising your resume and cover letter, is your ticket to securing an interview at JP Morgan Chase. Highlight your qualifications, skills, and experiences that align with the job listing, ensuring you stand out in the competitive job market.

Acing the Interview

Preparation is key to succeeding in your interview with JP Morgan Chase. Familiarize yourself with the company's business segments, values, and recent achievements. Demonstrating how your background and aspirations match the company's goals can significantly increase your chances of employment. A World of Job Opportunites in the Financial Services Industry JP Morgan Chase & Co. offers a world of job opportunities for those seeking to make their mark in the financial services industry. With competitive salaries, comprehensive benefits, and endless possibilities for growth, positions at JP Morgan Chase are highly coveted. By staying informed through job sites, tailoring your applications, and preparing thoroughly for interviews, you can enhance your prospects of joining the esteemed ranks of JP Morgan Chase employees. Explore the job board, seize the job opportunities, and embark on a rewarding career journey with one of the world's leading financial institutions.
Learn more about JP Morgan Chase & Co.
Size
661 employees
Market Cap
$384.5 billion
Industry
Finance & Insurance
Net Income
$29.1 billion
Founded
1823
5 Year Trend
+0.7%
Revenue
$261.5 million
NASDAQ
CCF
* Ladders Estimates

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