Quantitative Research - Prime Financial Service - Associate

Fairygodboss; Greater London; On-site; GBP 60,000 - 85,000; Full time

Job summary

A leading financial services provider in Greater London is seeking an Associate for the Quantitative Research Market team. The role focuses on enhancing risk measurement models and contributing to the transformation towards data-driven practices within the investment bank. Candidates should possess an advanced degree in Mathematics or a related field, strong coding skills in Python or C++, and a solid understanding of derivatives. The position emphasizes collaboration and effective communication with stakeholders.

Qualifications

• Advanced degree in Mathematics, Physics, or Computer Science required.
• Strong understanding of FnO/OTC derivatives and margin methodology.
• Prior experience in trading desk support as quant or developer required.

Responsibilities

• Develop mathematical models for pricing and risk measurement.
• Support desktop portfolio risk management solutions.
• Drive projects from concept to delivery.

Skills

Quantitative and problem-solving skills

Strong coding skills (Python or C++)

Excellent communication skills

Detail-oriented

Team player

Education

Advanced degree (PhD, MSc, or equivalent) in Mathematics, Physics, or Computer Science

Job description

Quantitative Research (QR) is a global team whose expertise ranges across various fields: Derivatives Modelling, Financial Engineering, Data Science, and Quantitative Development.

As part of the global QR Group, you’ll work on unique analytics and mathematical models, transforming business practices through automation and quantitative methods, where JP Morgan is a dominant player.

Job Summary

As an Associate within the QR Market team, you will mainly contribute to the FnO and OTC derivatives risk and margin agenda for QR Prime Financial Service (PFS) as well as to the strategic agenda to transform our investment bank into a data‑led business and encourage change using state of the art machine learning techniques.

Job Responsibilities

• Develop and improve mathematical models for pricing and risk/margin measurement for multi‑asset FnO/OTC derivatives. Support EOD and intraday risk/margin and PnL calculation.
• Support the desk and provide portfolio risk management solutions by explaining model behaviour, identifying major sources of risk in portfolios, carrying out scenario analyses, calibrating margin methodology, and delivering & delivering quantitative tools.
• Develop and deliver analytics that help transform the business and contribute to the automation agenda.
• Partner with Technology and Product Development to deliver QR analytics to the business.
• Drive projects end‑to‑end, from brainstorming and prototyping to production delivery.
• Develop and deliver ML/AI models and end‑to‑end solutions.
• Contribute to EOD or intraday hedging activities and algorithm design.

Required Qualifications, Capabilities, and Skills

• You have an advanced degree (PhD, MSc, or equivalent) in Mathematics, Physics, or Computer Science.
• You have knowledge of FnO/OTC derivatives products, a good understanding of risk/PnL and margin methodology and demonstrate quantitative and problem‑solving skills.
• You have strong coding skills (primarily Python or C++), proficiency in code design. and navigate large libraries and quickly debug complex logic,
• You have previous experience in a trading desk support position, either as a quant or a developer.
• You have excellent communication skills, both verbal and written, engage and influence partners and business/non‑tech stakeholders, and are enthusiastic about knowledge sharing and collaboration,
• You are a strong team player who consistently delivers high‑quality results on time, aligned with the team's objectives and priorities,
• You are detail‑oriented, can work on ad‑hoc requests, and can sometimes work under pressure,

Preferred Qualifications, Capabilities, and Skills

• You have knowledge of curve building, volatility surface calibrations, etc.,
• You have knowledge of market risk, time‑series analysis, VaR, and stress testing,
• You demonstrate knowledge of Prime and Clearing Margin Methodology,
• You have knowledge of ML algorithms and experience in delivering AI models and end‑to‑en solutions,
• You have knowledge of optimization and hedging algorithms,

About us

JP 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 religious practices and beliefs, as well as mental health or physical disability needs. For more information about requesting an accommodation, we have seek hopeless..}