Quantitative Trading & Research – Global Commodities Quantitative Trading - Associate or Vice President

JP Morgan Chase Bank; Greater London; On-site; GBP 140,000 - 210,000; Full time

Job summary

J.P. Morgan is seeking an Associate or Vice President for the Global Commodities, Quantitative Trading & Research team. The role focuses on base metals, bullion, energy, gas, and commodity indices, driving pricing, risk management, and hedging through algorithmic and automated approaches.

You will design trading strategies, build tools, and collaborate with international teams to expand revenue and trading capabilities while adhering to risk and regulatory requirements.

Qualifications

• Solid design and programming skills focused on Java and Python.
• Experience applying agile software development in front-office trading.
• Interest in market microstructures and quantitative commodities trading.
• Attention to detail, adaptable and eager to learn.
• Proficiency with market and product terminology.
• Think strategically and creatively when solving problems.
• Thrive under competitive pressures while focusing on client needs.

Responsibilities

• Design trading and execution strategies and researching micro-patterns and trends
• Build, maintaining and upgrading applications & tools; also supporting day-to-day operation
• Work with trading professionals in various countries to create software for pricing algorithms for various Commodities, using Python and Java
• Derive automatic hedging solutions with risk managers to extract the best values out of our flows
• Work in close collaboration with sales to explore ways to expand our e-commerce footprint in the region
• Look for unique automated trading opportunities to drive our trading revenue
• Understand firm's approach and policies for managing risks in relevant business and applicable legal and regulatory rules, and follows policies
• Balance potentially competing needs across clients, internal partners and the firm

Skills

Java

Python

Agile methodologies

Market microstructures

Quantitative commodities trading

Attention to detail

Strategic thinking

Communication

Education

Advanced degree in Computer Science, Mathematics, Physics, Engineering

Tools

KDB+/q

Job description

J.P. Morgan is a top tier liquidity provider in global macro markets offering competitive pricing across commodities products, 300 currency pairs in cash and derivative products. We offer a full spectrum of Commodities products - from plain vanilla to exotic options; from commodities, major currencies to emerging markets. The Quantitative Trading & Research group drives systematic trading within this space and are responsible for algorithmic pricing, automated risk management and hedging, and intelligent order execution strategies.

Job summary

As an Associate or a Vice President in the Global Commodities, Quantitative Trading & Research team, you will work in a fast-paced and challenging environment, focusing primarily on base metals, bullion, energy, gas, and commodity indices. If you consider yourself to be responsible, independent, and able to work in smooth coordination with the larger team to drive the desk's revenue, you may be a great candidate for the role. You will collaborate closely with various business teams to drive revenue and expand the business. Apart from that, you will also be expected to cover a wide range of responsibilities, like those listed below.

Job responsibilities

• Design trading and execution strategies and researching micro-patterns and trends
• Build, maintaining and upgrading applications & tools; also supporting day-to-day operation
• Work with trading professionals in various countries to create software for pricing algorithms for various Commodities, using Python and Java programming languages
• Derive automatic hedging solutions with risk managers to extract the best values out of our flows
• Work in close collaboration with sales to explore ways to expand our e-commerce footprint in the region
• Look for unique automated trading opportunities to drive our trading revenue
• Understand firm's approach and policies for managing risks in relevant business and applicable legal and regulatory rules, and follows policies
• Balance potentially competing needs across clients, internal partners and the firm

Required qualifications, capabilities, and skills

• Possess solid design and programming skills, with primary focus on Java and Python
• Interested in applying agile software development practices in front-office trading environment
• Interested in market microstructures and quantitative Commodities trading in global markets
• Attentive to detail, adaptable and hungry to learn new things
• Demonstrable proficiency with market and product terminology
• Think strategically and creatively when faced with problems and opportunities
• Thrive on the challenge of competitive pressures and remain focused on client needs
• Communicate concepts and ideas, both verbally and via documentation, and are able to defend their validity and target messages to different audiences

Preferred qualifications, capabilities, and skills

• Advanced degree in Computer Science, Mathematics, Physics, Engineering, or other quantitative fields
• Commodities markets experience and general trading concepts and terminology. Experience in the pricing and risk management of Commodities derivatives will be a big advantage
• Experience with real time market data feeds and CLOB order placement, in particular with commodity exchanges such as LME, CME and ICE
• Direct experience of agile software methodologies
• Experience with KDB+/q