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

Next Frontier Capital; Greater London; On-site; GBP 52,000 - 70,000; Full time

Job summary

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

You will build quantitative models, price and hedge a range of products, support research and strategy deployment, and work with traders, technologists and risk managers across regions to advance algorithmic trading and data-driven strategies.

Qualifications

• Enrolled in a Bachelor’s or Master’s program in a quantitative field.
• Graduating between September 2026 and March 2028.
• Demonstrates computer programming experience (Python, C++, or similar).
• Demonstrates strong analytical, quantitative and problem‑solving abilities.
• Shows research experience through coursework, projects, or academic work.

Responsibilities

• Develop and maintain mathematical models and cutting‑edge algorithms and infrastructure.
• Value and hedge financial transactions across a range of products.
• Support quantitative modeling and research that informs trading strategies.
• Collaborate with trading teams to translate research into market applications.
• Partner with researchers, technologists, traders, marketing and risk managers.
• Calibrate model parameters and optimize pricing to support growth and market share.
• Manage risk in existing portfolios.

Skills

Programming (Python/C++)

Analytical & quantitative skills

Research skills

Teamwork & communication

Education

Bachelor’s or Master’s in a relevant field (e.g., mathematics, statistics, physics, engineering, computer science, data science, or machine learning)

Tools

Python

C++

Job description

As an off-cycle analyst in the Quantitative Trading & Research Markets team at JPMorganChase, you will join a leading quantitative modeling group focused on systematic trading, financial engineering, data analytics, statistical modeling, 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, increase returns and solve complex financial problems. We hold leadership positions across all major financial markets worldwide. This means you'll be 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’ll teach 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 skills training and valuable professional networking. Based on your individual achievements, those who successfully complete the program may receive offers of full-time employment.

Job Responsibilities

• Develop and maintain mathematical models and cutting‑edge algorithms, methodologies, and supporting infrastructure.
• Value and hedge financial transactions across a range of products, from flow products to complex derivative deals.
• Support quantitative modeling and research that inform trading strategies and decision‑making.
• Collaborate with trading teams to translate research insights into practical market applications.
• Partner with quantitative researchers, technologists, traders, marketing, and risk managers across teams.
• Conduct alpha research, calibrate model parameters, and optimize pricing of financial instruments to support growth and market share.
• Manage risk in existing portfolios.

Required qualifications, capabilities and skills

• Enrolled in a Bachelor’s or Master’s program in a relevant field (e.g., mathematics, 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).
• Demonstrates analytical, quantitative, and problem‑solving skills.
• Demonstrates research skills (through coursework, projects, or academic work).
• Works effectively in a dynamic, collaborative environment.
• Presents findings clearly to non-technical audiences through written and verbal communication.

Preferred qualifications, capabilities, and skills

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

About Us

At JPMorganChase, we’re creating 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 the way as you build your career. If you’re passionate, curious and ready to make an impact, we’re looking 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.

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

J.P. Morgan is a global leader in financial services, providing strategic advice and products to the world’s most prominent corporations, governments, wealthy individuals and institutional investors. Our first-class business in a first-class way approach to serving clients drives everything we do. We strive to build trusted, long-term partnerships to help our clients achieve their business objectives.

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.

Join us to deliver innovative quant solutions for global markets. Solve complex problems and grow through hands‑on learning.