Quantitative Research - Rates - Associate

JPMorganChase; City Of London; On-site; GBP 60,000 - 80,000; Full time

Job summary

A leading global financial services firm in London seeks a Quantitative Associate to enhance trading strategies by developing models and supporting traders on Interest Rate Derivatives. The successful candidate will leverage their software skills in Python/C++ and collaborate with a team focused on quantitative research and risk management. Excellent analytical and communication skills are crucial for thriving in this fast-paced environment.

Qualifications

• Strong software development skills in Python/C++.
• Ability to thrive in a fast-paced environment.
• Excellent communication skills, both oral and written.

Responsibilities

• Develop and implement mathematical models in Python/C++.
• Provide quantitative support to traders and control groups.
• Write well-formulated documents covering model specification.

Skills

Software development in Python/C++

Analytical and problem-solving abilities

Excellent communication skills

Familiarity with probability theory and statistics

Strategic and creative thinking

Job description

Overview

Promote trading strategy enhancement as a Quantitative Associate, developing models, supporting traders, and conducting risk research. As a Quantitative Researcher within the Quantitative Research Rates team at J.P. Morgan, you will focus on delivering best-in-class models and systems to support pricing and risk management of Interest Rate Derivatives. Quantitative Research is an expert quantitative modelling group in J.P. Morgan and a leader in financial engineering, data analytics, statistical modelling, and portfolio management. You will be part of a global team, QR partners with traders, marketers and risk managers across all products and regions, contributes to sales and client interaction, product innovation, valuation and risk management, inventory and portfolio optimization, electronic trading and market making, and appropriate financial risk controls. QR Rates partners with the J.P. Morgan Rates business to deliver analytics for Interest Rate Derivatives.

Responsibilities

• Develop and implement mathematical models in Python/C++ for pricing and risk management
• Develop and maintain software and tooling for real time pricing and relative value strategies
• Rapid prototyping of models and products
• Provide quantitative support to the traders, sales and control groups e.g. explain model behaviour and predictions, identify major sources of risk in portfolios, carry out scenario analysis, provide guidance / debug analytics
• Write well-formulated documents covering model specification and implementation testing.

Required qualifications, capabilities and skills

• Strong software development skills in Python/C++
• Strong analytical and problem-solving abilities
• Excellent communication skills, both oral and written
• Familiarity with probability theory, stochastic processes, numerical analysis, and statistics
• Ability to thrive in a fast-paced environment of real-time market pressures, remaining focused on client needs
• Ability to think strategically and creatively when faced with problems and opportunities

Preferred qualifications, capabilities and skills

• Knowledge of financial markets and products: swaps, bonds, repos, structured and exotic deals
• Knowledge of machine learning/statistical techniques
• Relevant academic research publications

About Us

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.

About the Team

J.P. Morgan's Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.