JP Morgan Chase & Co.

Quantitative Trading & Research – Prime Finance Service – Associate

JP Morgan Chase & Co.$120K — $145K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Advanced degree in Mathematics, Physics or Computer Science required.
  • Strong understanding of FnO/OTC derivatives and risk methodology.
  • Proficiency in Python or C++ coding with expertise in debugging.
  • Experience in a trading desk support role as a quant or developer is preferred.
  • Excellent verbal and written communication skills are essential.
  • Detail-oriented, able to manage ad-hoc requests under pressure.

Responsibilities

  • Develop and enhance mathematical models for risk and margin measurement on derivatives.
  • Support portfolio risk management, explaining model behavior and identifying risk sources.
  • Drive business transformation through automated analytics and tools.
  • Lead end-to-end projects, from ideation to delivery in production environments.
  • Create and implement machine learning and AI solutions for business needs.
  • Contribute to hedging activities and algorithm design.

Benefits

  • Access to state-of-the-art technology and data-driven business strategies.
  • Opportunities for collaboration across a global team.
  • Engagement in innovative projects that shape the future of finance.
  • Support for professional development in quantitative finance and technology.
  • Involvement in transforming business practices through automation.
Full Job Description
JOB DESCRIPTION

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

 


 

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
Net Income
$29.1 billion
Founded
1823
5 Year Trend
+0.7%
Revenue
$261.5 million
NASDAQ

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