2027 Quantitative Research - Markets - Summer Internship - Associate- United States

J.P. Morgan; New York (NY); Vor Ort; USD 110.000 - 135.000; Vollzeit

Zusammenfassung

JPMorganChase is hiring a Summer Associate in the Quantitative Trading & Research Markets team in New York. You will join a leading quantitative modeling group focused on systematic trading, financial engineering, data analytics, statistical modeling, and portfolio optimization.

You will work with traders, technologists, risk managers, and sales across products and regions to support research, strategy deployment, valuation, risk management, and inventory optimization, including electronic

Qualifikationen

• Enrolled in a PhD program in a relevant field.
• Graduating between December 2027 and August 2028.
• Programming experience with Python or C++.
• Strong analytical and quantitative abilities.
• Demonstrated research skills through coursework or projects.
• Excellent teamwork and written/verbal communication.
• Based in the United States.

Aufgaben

• Develop and maintain mathematical models and algorithms.
• Value and hedge financial transactions across a range of products.
• Support modeling and research informing trading strategies.
• Collaborate with traders and technologists to apply research.
• Partner with researchers, traders, marketing, and risk managers.
• Conduct alpha research and calibrate model parameters.
• Manage risk in existing portfolios.

Kenntnisse

PhD student

Python/C++

Analytical thinker

Research skills

Team collaboration

Communication skills

US-based student

Ausbildung

PhD program in relevant field

Tools

Python

C++

Jobbeschreibung

As a Summer Associate in the Quantitative Trading & Research Markets team at JPMorganChase, you will join a leading quantitative modeling group focused on systematic trading, financial engineering, data analytics, statistical modeling, and portfolio optimization.

You will work closely with traders, sales, marketing, technologists, and risk managers across products and regions. You will support research and strategy deployment, client and sales engagement, product innovation, valuation and risk management, and inventory and portfolio optimization, including electronic trading and market-making activities. You will help build quantitative models, methodologies, and infrastructure to price, hedge, and trade financial products, advancing algorithmic trading and data-driven strategies such as statistical arbitrage.

ABOUT THE PROGRAM

Our Global Markets teams develop sophisticated solutions to help clients manage risk, increase returns and solve complex financial problems. We hold leadership positions across all major financial markets worldwide. This means you'll be part of a dynamic team, helping to solve a wide range of interesting business issues and will be challenged in your work every day.

Expert instructors and J.P. Morgan professionals will teach you about our history, scale, and scope of our organization today and our ambitious plans for tomorrow. We'll teach you technical and practical skills that will help you hit the ground running.

The program is an opportunity to take your career to the next level through hands‑on experience, relevant skills training and valuable professional networking. Based on your individual achievements, those who successfully complete the program may receive offers of full‑time employment.

Job Responsibilities

• Develop and maintain mathematical models and cutting‑edge algorithms, methodologies, and supporting infrastructure.
• Value and hedge financial transactions across a range of products, from flow products to complex derivative deals.
• Support quantitative modeling and research that inform trading strategies and decision‑making.
• Collaborate with trading teams to translate research insights into practical market applications.
• Partner with quantitative researchers, technologists, traders, marketing, and risk managers across teams.
• Conduct alpha research, calibrate model parameters, and optimize pricing of financial instruments to support growth and market share.
• Manage risk in existing portfolios.

REQUIRED QUALIFICATIONS, CAPABILITIES AND SKILLS

• Enrolled in a PhD program in a relevant field (e.g., mathematics, statistics, physics, engineering, computer science, data science, or machine learning).
• Graduating between December 2027 and August 2028.
• Demonstrates computer programming experience (e.g., Python, C++, or another programming language).
• Demonstrates analytical, quantitative, and problem‑solving skills.
• Demonstrates research skills (through coursework, projects, or academic work).
• Works effectively in a dynamic, collaborative environment.
• Presents findings clearly to non‑technical audiences through written and verbal communication.
• Attends a college or university in the United States.

Preferred qualifications, capabilities, and skills

• Demonstrates knowledge of options pricing theory or trading algorithms, or a demonstrated interest in finance through coursework or prior experience.
• Shows confidence and initiative to take ownership and manage projects independently.
• Applies knowledge of machine learning and data science concepts, techniques, and tools.
• Possesses advanced proficiency in any programming language.

Locations you may join

• New York Metro

ABOUT US

At JPMorganChase, we're creating positive change for the diverse communities we serve. We do this by championing your innovative ideas through a supportive culture that helps you every step of the way as you build your career. If you're passionate, curious and ready to make an impact, we're looking for you.

About You

A strong interest in global financial markets is essential, as are analytical and quantitative skills, flexibility, teamwork, excellent attention to detail, and the ability to handle pressure and enjoy a collaborative environment. A strong focus on science or engineering in your undergraduate studies is important.

Beyond that, what we're most interested in are the things that make you, you: the personal qualities, outside interests, and achievements beyond academia that demonstrate the kind of person you are and the perspective you could bring to the team.

JPMorganChase is committed to creating an inclusive work environment that respects all people for their unique skills, backgrounds and professional experiences. We will provide reasonable accommodations for applicants with disabilities.

Visit jpmorganchase.com/careers for upcoming events, career advice, our locations and more.

©2025 JPMorgan Chase & Co. JPMorgan Chase is an equal opportunity and affirmative action employer Disability/Veteran

JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world’s most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.

We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission‑based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions.

• commission‑based pay and/or discretionary incentive compensation
• cash and/or forfeitable equity

We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on‑site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.

• comprehensive health care coverage
• on‑site health and wellness centers
• retirement savings plan
• backup childcare
• tuition reimbursement
• mental health support
• financial coaching and more

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.

JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans

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. Join us to deliver innovative quant solutions for global markets. Solve complex problems and grow through hands‑on learning.