JP Morgan Chase & Co.

Wholesale Credit Quantitative Research - Senior Associate

JP Morgan Chase & Co. • $120K — $150K *
Jersey City, NJ 07305In-Person
Finance & Insurance
Less than 5 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Doctorate or master's degree in relevant field (financial engineering, operations research, etc.)
  • 3 years of experience in quantitative research or related role
  • Proficiency in Python for model development and data analysis
  • Strong understanding of cleared derivatives and risk management methodologies
  • Excellent verbal and written communication skills
  • Demonstrated attention to detail and ability to deliver on tight timelines
  • Strong risk and control mindset with effective cross-team collaboration

Responsibilities

  • Develop expertise in quantitative topics related to central counterparties and cleared derivatives
  • Create models and tools to assess margin adequacy for cleared derivatives
  • Enhance models and toolsets evaluating counterparty risk frameworks
  • Build statistical models to manage counterparty credit risk
  • Partner with governance teams for model oversight
  • Collaborate with technology to implement production-ready models
  • Document methodologies clearly for transparency

Benefits

  • Collaborative work environment with a focus on partnerships
  • Exposure to cutting-edge quantitative research and risk management
  • Opportunity to work with technology partners on robust model deployment
  • Engagement with a diverse range of financial products and asset classes
  • Involvement in a global leader in banking and risk management
Full Job Description
Job Description

Help strengthen how we measure and manage risk in cleared derivatives. You will build quantitative models and tools that assess central counterparty margin adequacy and support counterparty credit risk management. Working with partners across controls and technology, you will take research into practical, production-ready solutions. Your work will directly inform risk frameworks and governance.

Job summary

As a Quantitative Research Senior Associate in Wholesale Credit Risk Quantitative Research, you will develop models and tools that assess central counterparty margin adequacy and support counterparty credit risk management for cleared derivatives. You will collaborate with a team that values strong partnerships, thoughtful analysis, and clear communication. You will work closely with risk governance and control partners to support a well-managed model lifecycle. You will engage technology partners to help deliver scalable, production-ready solutions.

Job responsibilities
  • Develop expertise in quantitative topics related to central counterparties and cleared derivatives
  • Create models and tools to assess the adequacy of margin requirements for cleared derivatives
  • Develop and enhance models and toolsets that evaluate the effectiveness of counterparty risk frameworks
  • Build statistical models and analytics to assess and manage counterparty credit risk
  • Partner with risk governance and control teams to support model oversight and ongoing reviews
  • Collaborate with technology partners to implement, test, and deploy production-ready models and tools
  • Document assumptions, methodologies, and limitations clearly to support transparency and re-use
  • Communicate findings and recommendations in a clear, logical way to technical and non-technical stakeholders

Required qualifications, capabilities, and skills
  • Doctorate or master's degree (or equivalent) in financial engineering, operations research, statistics, mathematics, computer science, economics, or a related field
  • 3 years of experience in quantitative research, quantitative strategy, or a closely related quantitative role
  • Proficiency in Python for model development and data analysis
  • Strong understanding of cleared derivatives and risk management methodologies, including value at risk and stress testing, across asset classes
  • Excellent verbal and written communication skills, with the ability to articulate analysis clearly and logically
  • Demonstrated attention to detail and the ability to deliver across multiple time-sensitive timelines
  • Strong risk and control mindset and a track record of effective cross-team partnership

Preferred qualifications, capabilities, and skills
  • Proficiency in R in addition to Python
  • Experience assessing central counterparty margin methodologies and margin adequacy
  • Experience developing or enhancing counterparty credit risk models for derivatives
  • Experience deploying analytical models into production environments in partnership with engineers
  • Familiarity with model governance expectations, documentation, and ongoing monitoring practices
  • Experience working with cleared products across multiple asset classes


About the Team

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.

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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