2027 Quantitative Research Markets Analyst Program – Off-Cycle Internship – London

JPMorgan Chase & Co.; Greater London; On-site; GBP 40,000 - 60,000; Full time

Job summary

JPMorgan Chase & Co. in London offers an off-cycle analyst program in the Quantitative Trading & Research Market team, focusing on systematic trading, data analytics, and portfolio optimization.

You will work with traders, technologists, risk managers, and sales to deploy research and pricing models. The role involves building quantitative models, valuing and hedging transactions, collaborating across teams, and contributing to algorithmic trading initiatives; graduates with strong mathematical

Qualifications

• Bachelor’s or Master’s program in math, statistics, physics, engineering, computer science, data science, or machine learning.
• Graduating between September 2026 to March 2028.
• Demonstrates computer programming experience (e.g., Python, C++, or another programming language).
• Analytical, quantitative, and problem-solving skills.
• Research skills demonstrated through coursework, projects, or academic work.
• Works effectively in a dynamic, collaborative environment.
• Presents findings clearly to non-technical audiences in written and verbal form.

Responsibilities

• Develop and maintain mathematical models, algorithms, and supporting infrastructure.
• Value and hedge financial transactions across a range of products.
• Support quantitative modeling and research that inform trading strategies.
• Collaborate with trading teams to translate research insights into market applications.
• Partner with researchers, technologists, traders, marketing, and risk managers across teams.
• Conduct alpha research, calibrate model parameters, and optimize pricing of instruments.
• Manage risk in existing portfolios.

Skills

Python

C++

Analytical thinking

Research skills

Teamwork

Communication

Education

Bachelor's or Master’s in math/physics/engineering/CS

Tools

Git

Job description

As an off-cycle analyst in theQuantitative Trading & Research Marketsteam atJPMorganChase, you will join a leading quantitativemodelinggroup focused on systematic trading, financial engineering, data analytics, statisticalmodeling, and portfolio optimization.

Job Summary

You will work closely with traders, sales, marketing, technologists, and risk managers across products and regions. You will support research and strategy deployment, client and sales engagement, product innovation, valuation and risk management, and inventory and portfolio optimization, including electronic trading and market-making activities. You will help build quantitative models, methodologies, and infrastructure to price, hedge, and trade financial products, advancing algorithmic trading and data-driven strategies such as statistical arbitrage.

ABOUT THE PROGRAM

Our Global Markets teams develop sophisticated solutions to help clients manage risk, increasereturnsand solve complex financial problems. We hold leadership positions across all major financial markets worldwide. This meansyou'llbe part of a dynamic team, helping to solve a wide range of interesting business issues and will be challenged in your work every day.

Expert instructors and J.P. Morgan professionals will teach you about our history, scale, and scope of our organization today and our ambitious plans for tomorrow.We’llteach you technical and practical skills that will help you hit the ground running.

The program is an opportunity to take your career to the next level through hands-on experience, relevant skillstrainingand valuable professional networking. Based on your individual achievements, those who successfully complete the program may receive offers of full-time employment.

Job Responsibilities

• Developandmaintainmathematical models andcutting-edgealgorithms, methodologies, and supporting infrastructure.
• Valueandhedgefinancial transactions across a range of products, fromflowproducts to complex derivative deals.
• Supportquantitative modeling and research thatinformtrading strategies and decision-making.
• Collaboratewith trading teams to translate research insights into practical market applications.
• Partnerwith quantitative researchers, technologists, traders, marketing, and risk managers across teams.
• Conductalpha research, calibrate model parameters, and optimize pricing of financial instruments to support growth and market share.
• Managrisk in existing portfolios.

Required qualifications,capabilitiesand skills

• Enrolledin a Bachelor’s orMaster’sprogram in a relevant field (e.g., mathematics, statistics, physics, engineering, computer science, data science, or machine learning).
• Graduating between September 2026 to March 2028
• Demonstratescomputer programming experience (e.g., Python, C++, or another programming language).
• Demonstratesanalytical, quantitative, and problem-solving skills.
• Demonstratesresearch skills (through coursework, projects, or academicwork).
• Workseffectively in a dynamic, collaborative environment.
• Presentsfindings clearly to non-technical audiences through written and verbal communication.

Preferred qualifications, capabilities, and skills

• Demonstratesknowledge of options pricing theory or trading algorithms, or a demonstrated interest in finance through coursework or prior experience.
• Showsconfidence and initiative to take ownership and manage projects independently.
• Appliesknowledge of machine learning and data science concepts, techniques, and tools.

About Us

AtJPMorganChase,we'recreating positive change for the diverse communities we serve. We do this by championing your innovative ideas through a supportive culture that helps you every step of theway asyou build your career. Ifyou'repassionate,curiousand ready to make an impact,we'relooking for you.

About You

A strong interest in global financial markets is essential, as are analytical and quantitative skills, flexibility, teamwork, excellent attention to detail, and the ability to handle pressure and enjoy a collaborative environment. A strong focus on science or engineering in your undergraduate studies is important.

Beyond that, what we're most interested in are the things that make you, you: the personal qualities, outside interests, and achievements beyond academia that demonstrate the kind of person you are and the perspective you could bring to the team.

JPMorganChase is committed to creating an inclusive work environment that respects all people for their unique skills,backgroundsand professional experiences. We will provide reasonable accommodations for applicants with disabilities.

Visit jpmorganchase.com/careers for upcoming events, career advice, our locations and more.

©2025 JPMorgan Chase & Co. JPMorgan Chase is an equal opportunity and affirmative action employer Disability/Veteran