Quantitative Markets Research Associate — Off-Cycle Internship

Next Frontier Capital; Greater London; On-site; GBP 70,000 - 95,000; Full time

Job summary

JPMorganChase is seeking an off-cycle associate in the Quantitative Trading & Research Markets team in London. You will develop mathematical models and algorithms, price and hedge a range of financial products, and support data-driven trading strategies with collaboration across traders, technologists and risk managers.

You will work on alpha research, model calibration and market-ready deployment, advancing electronic trading and market-making capabilities.

Qualifications

• Enrolled in a PhD program in a relevant field.
• Graduating between September 2026 and March 2028.
• Demonstrates programming experience (Python, C++, or similar).
• Shows strong analytical, quantitative and problem-solving skills.
• Demonstrates research experience through coursework or projects.
• Collaborative, communicates findings clearly to non-technical audiences.

Responsibilities

• Develop and maintain mathematical models and algorithms.
• Value and hedge financial transactions across product ranges.
• Support quantitative modeling and research for trading strategies.
• Collaborate with traders and technologists to apply research to markets.
• Calibrate model parameters and optimize pricing of instruments.
• Manage risk in existing portfolios.

Skills

PhD candidate

Programming (Python)

Programming (C++)

Analytical thinking

Research experience

Communication of findings

Machine learning basics

Options pricing interest

Education

PhD program in mathematics/statistics/physics/engineering/computer science/data science

Tools

Python

C++

Job description

JPMorganChase is seeking an off-cycle associate in the Quantitative Trading & Research Markets team in London. You will develop mathematical models and algorithms, price and hedge a range of financial products, and support data-driven trading strategies with collaboration across traders, technologists and risk managers.

You will work on alpha research, model calibration and market-ready deployment, advancing electronic trading and market-making capabilities.