Credit Portfolio Group - Quantitative Research - Associate

Next Frontier Capital; New York (NY); On-site; USD 90,000 - 120,000; Full time

Benefits offered by this job

Comprehensive healthcare coverage

Retirement savings plan

Tuition reimbursement

Mental health support

Job summary

Next Frontier Capital is seeking a motivated individual for the Quantitative Research position in New York. The ideal candidate will develop AI-based tools to enhance portfolio management and trading capabilities, leveraging cutting-edge technologies like machine learning.

The role demands advanced education and significant experience in quantitative research, with strong Python skills. The position offers a competitive rewards package and emphasizes diversity and inclusion within the workplace.

Qualifications

• 4+ years of experience in a quantitative research or analytics-focused role.
• Experience building and deploying AI agents and machine learning applications.
• Ability to convey complex quantitative concepts to varied stakeholders.

Responsibilities

• Design and build AI and LLM-based tools for trading workflows.
• Implement machine learning techniques to enhance trading algorithms.
• Collaborate with control teams for model review and compliance.

Skills

Quantitative research expertise

AI and machine learning applications

Python programming

Portfolio optimization

Analytical problem-solving

Education

Advanced degree in mathematics, statistics, physics, financial engineering, or computer science

Tools

Financial market tools

Job description

The Credit Portfolio Lending Group (CPG) is a public‑side global function with approximately 25 Portfolio Management and Trading professionals across New York, London, and Singapore, and is part of the Markets function within the Commercial & Investment Bank (CIB). CPG has two primary functions: Portfolio Management & Research (PM&R), which is aligned by industry and geography, and Trading & Distribution (T&D), which uses both liquid and illiquid channels to risk manage the book. The priority of the group is to manage the retained credit portfolio, focusing on concentrated exposures (company‑specific, industry, or geographical concentrations) while balancing the competing priorities of minimizing cost, P&L volatility, and capital usage. Portfolio Managers and Researchers work with Traders to determine appropriate strategies to manage the portfolio, achieved primarily via the secondary loan market, the CDS market, and through structured solutions.

The Quantitative Research (QR) function supporting CPG is responsible for developing and maintaining models for valuation, risk, and P&L calculations, as well as building analytics, portfolio monitoring tools and algorithms that support CPG’s activities. Responsibilities span the full lifecycle from new model specification and approval through to implementation in libraries and integration into risk and P&L systems.

Job Summary

We are seeking a diligent, quantitative, self‑motivated, and outgoing individual to join the Credit Portfolio Group in New York in a Quantitative Research capacity. In this role, you will serve as the primary quant for CPG delivering cutting‑edge tools and models that enhance the group's portfolio management, trading, and distribution capabilities. There will be a particular emphasis on leveraging AI, large language models (LLMs), and generative AI agents to design and implement market‑based tools that provide the desk with a quantitative edge, accelerate automation, and improve decision‑making across the credit portfolio.

Job Responsibilities

• Design, build, and deploy AI, LLM, and generative AI agent‑based tools to support CPG trading workflows, including automated market analysis, credit curve maintenance, trade idea generation, and portfolio risk monitoring
• Explore and implement machine learning techniques to enhance market‑making algorithms, quoting tools, and portfolio optimization strategies
• Stay at the forefront of emerging AI capabilities and identify practical applications that can be embedded into the desk's daily operations
• Leverage the vast amount of data available across the credit portfolio to proactively identify opportunities, concentrated exposures, and optimal hedging strategies for the desk
• Collaborate with model control teams to facilitate timely and efficient review and approval of all models, ensuring compliance with internal policies and industry regulations
• Automate trading desk daily risk and position reports, streamlining workflows to accelerate the broader automation & digital transformation agenda across CPG
• Build and enhance trade support and automation infrastructure for portfolio hedging strategies, credit curve reconciliation, and loan sale execution
• Interact with other sub‑teams within Markets QR to explore synergies and share best practices

Required Qualifications, Capabilities, and Skills

• An advanced degree in mathematics, statistics, physics, financial engineering, computer science, or an equivalent subject
• At least 4 years of experience in a quantitative research, markets, or analytics‑focused role supporting a fixed income, credit, or lending desk
• Hands‑on experience building and deploying AI agents, machine learning or LLM based applications, with demonstrated ability to apply these technologies to financial markets or trading desk workflows.
• Hands‑on experience in portfolio optimization, familiar with related software and tools
• Strong software design and data science skills, with Python experience
• Exceptional analytical, quantitative, and problem‑solving skills with an intellectual curiosity and passion for credit markets and investing.
• Excellent written and verbal communication skills, with the ability to convey complex quantitative concepts to both technical and non‑technical stakeholders.
• Ability to work in a high‑pressure, collaborative team environment with strong attention to detail and a focus on quality of deliverables

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. 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.

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.

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