Leading-Edge Fixed Income Quant Researcher & Developer

JPMorgan Chase & Co.; Greater London; On-site; GBP 90,000 - 150,000; Full time

Job summary

JPMorgan Chase & Co. in London seeks a Quantitative Researcher/Developer, Associate, in the Fixed Income QTR team to provide advanced modelling solutions for pricing, risk and hedging of fixed income products.

Your work will combine deep mathematical rigour with solid software engineering to deliver best-in-class pricing models to the trading desk. You will work with traders and the broader quant team across regions, contributing to valuation, risk management and electronic trading improvements,

Qualifications

• Advanced mathematical training with strong quantitative background.
• Experience applying stochastic calculus and numerical methods to pricing/risk.
• Proficiency in coding and software engineering for financial models.

Responsibilities

• Develop advanced analytical, pricing and risk-management models for fixed income products grounded in rigorous mathematics — stochastic processes, martingale pricing, PDE and Monte Carlo methods, and numerical optimisation
• Develop analytical risk and sensitivity techniques — closed-form and adjoint/algorithmic-differentiation Greeks, risk decomposition and attribution, and efficient hedge construction across curves and volatility surfaces
• Design and maintain term-structure and multi-curve frameworks: yield-curve construction, dual-curve and CSA/OIS discounting, basis modelling, and consistent interpolation and calibration methodologies
• Implement these models in our quant library and trading/risk platforms, carrying out rigorous numerical testing, validation and documentation
• Deliver these models to production
• Work closely with traders and the wider quant team to solve problems, analyse curve, risk and volatility behaviour, and identify opportunities

Skills

Stochastic calculus

Probability theory

Numerical analysis

PDE / Monte Carlo

C++ development

Analytical problem solving

Strong communication

Education

MSc or PhD in mathematics/physics/engineering/statistics

Tools

SecDB / Beacon

Job description

JPMorgan Chase & Co. in London seeks a Quantitative Researcher/Developer, Associate, in the Fixed Income QTR team to provide advanced modelling solutions for pricing, risk and hedging of fixed income products.

Your work will combine deep mathematical rigour with solid software engineering to deliver best-in-class pricing models to the trading desk. You will work with traders and the broader quant team across regions, contributing to valuation, risk management and electronic trading improvements,