Cross Capital Structure Trader [Multiple Positions Available]

J.P. Morgan; New York (NY); On-site; USD 213,000 - 288,000; Full time

Benefits offered by this job

Health benefits

Retirement savings plan

On-site wellness facilities

Education reimbursement

Job summary

JPMorganChase in New York seeks an accomplished portfolio management professional to implement investment processes across credit derivatives, equities, and fixed income while collaborating with CIOs and risk teams. You will enhance models, backtesting, and data-driven decision-making in a fast-paced trading environment.

The role requires in-depth quantitative skills, strong programming experience (Python/C++/SQL), and the ability to communicate complex analytics to non-technical stakeholders.

Qualifications

• Bachelor's degree in Mathematics of Finance, Financial Engineering, Mathematics, Computer Science, or related quantitative field.
• 7+ years in capital markets or related quantitative roles.

Responsibilities

• Perform portfolio management and implement investment processes across multiple asset classes.
• Collaborate with CIOs, risk and portfolio construction teams; develop strategies and standardize methodologies.
• Identify, assess and monitor risks; validate models and perform scenario analysis.
• Build relationships with counterparties to source cross-asset research and ideas; contribute to investment process enhancements.
• Provide daily portfolio updates using risk and performance dashboards; participate in weekly strategy/Risk discussions.

Skills

financial engineering

derivative pricing

stochastic simulations

optimizations

statistical market modeling

machine learning

object-oriented programming

data warehousing

data visualization

Python

C++

C#

MATLAB

Java

Excel VBA

JavaScript

SQL

Education

Bachelor's degree in Mathematics of Finance/Financial Engineering/Mathematics/Computer Science

Tools

Python

numpy

pandas

statsmodels

scikit-learn

SQL

matplotlib

Plotly

Job description

DESCRIPTION

Duties: Perform portfolio management, including implementing the investment process and executing trades across credit derivatives, equity derivatives, volatility products, corporate bonds, equities, and ETFs to achieve high risk-adjusted returns. Work closely with the CIOs and the risk and portfolio construction team to develop strategies and standardize procedures and methodologies for the investment process, incorporating advanced quantitative modeling, statistical analysis, and systematic backtesting. Identify, assess, and monitor risks, ensuring that the firm's risk models accurately capture the portfolio's inherent risks, and apply rigorous model validation and scenario analysis. Build and maintain relationships with counterparties, including credit, credit derivative, and equity volatility trading desks, to gather and filter their cross-asset and macro research and ideas, enhancing the firm's internal investment process. Monitor and provide daily updates on portfolio performance, utilizing real-time risk and performance dashboards, and participate in weekly meetings to discuss strategy developments and risk profile with the CIOs. Collaborate with technology and operations teams to develop and continuously enhance tools and applications for data acquisition, analytics, and reporting, enabling the portfolio to scale in terms of positions and capital managed. Assist in broadening and expanding the investment mandate to include a larger presence in macro markets, investment grade and high yield credit, CDS and CDX, and equity derivative trading.

QUALIFICATIONS

Minimum education and experience required: Bachelor's degree in Mathematics of Finance, Financial Engineering, Mathematics, Computer Science, or related quantitative field of study plus seven (7) years of experience in the job offered or as Cross Capital Structure Trader, Quantitative Analyst, Quantitative Researcher, or related occupation.

Skills Required: This position requires six (6) years of experience with the following skills: financial engineering; derivative pricing; stochastic simulations including Monte Carlo sampling; optimizations; statistical market modeling including generalized linear models; machine learning; object-oriented programming; data warehousing; data visualization; and programming languages including Python, C++ or C#, MATLAB, Java, Excel VBA, JavaScript, and SQL.

• financial engineering
• derivative pricing
• stochastic simulations including Monte Carlo sampling
• optimizations
• statistical market modeling including generalized linear models
• machine learning
• object-oriented programming
• data warehousing
• data visualization
• programming languages including Python, C++ or C#, MATLAB, Java, Excel VBA, JavaScript, and SQL

This position requires five (5) years of experience with the following skills: developing and validating financial models for fair value estimation, carry and rolldown analysis, scenario analysis, and risk assessment; pricing derivative instruments including options and swaps; applying statistical modeling techniques to construct, optimize, and validate quantitative trading strategies; utilizing Python including numpy, pandas, statsmodels, and scikit-learn to implement statistical models; automating data acquisition; cleaning and structuring large-scale datasets; performing feature engineering; conducting backtesting and model stability analysis; building and maintaining risk and performance dashboards using Python visualization libraries including matplotlib and Plotly; building and maintaining risk and performance dashboards using SQL; designing and maintaining Tableau dashboards for portfolio monitoring, performance reporting, and risk visualization; communicating analytical findings to a non- technical audience; and liaising with portfolio managers, risk teams, and technology groups in a trading environment.

• developing and validating financial models for fair value estimation, carry and rolldown analysis, scenario analysis, and risk assessment
• pricing derivative instruments including options and swaps
• applying statistical modeling techniques to construct, optimize, and validate quantitative trading strategies
• utilizing Python including numpy, pandas, statsmodels, and scikit-learn to implement statistical models
• automating data acquisition
• cleaning and structuring large-scale datasets
• performing feature engineering
• conducting backtesting and model stability analysis
• building and maintaining risk and performance dashboards using Python visualization libraries including matplotlib and Plotly
• building and maintaining risk and performance dashboards using SQL
• designing and maintaining Tableau dashboards for portfolio monitoring, performance reporting, and risk visualization
• communicating analytical findings to a non- technical audience
• liaising with portfolio managers, risk teams, and technology groups in a trading environment

This position requires three (3) years of experience with the following skills: credit derivative, equity derivative, and volatility trading including direct management of single-name and index credit default swaps, equity options, index futures, and volatility-linked derivatives; and structuring, executing, and monitoring trades across corporate bonds, equities, ETFs, and cross-asset relative value strategies.

• credit derivative, equity derivative, and volatility trading including direct management of single-name and index credit default swaps, equity options, index futures, and volatility-linked derivatives
• structuring, executing, and monitoring trades across corporate bonds, equities, ETFs, and cross-asset relative value strategies

Job Location

390 Madison Avenue, New York, NY 10017

Full-Time

Full-Time. Salary: $250,000 - $250,000 per year.

COMPANY DESCRIPTION

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.

COMPENSATION AND BENEFITS

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. Additional details about total compensation and benefits will be provided during the hiring process.

• 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

EQUAL OPPORTUNITY

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

CORPORATE DESCRIPTION

J.P. Morgan Asset & Wealth Management delivers industry-leading investment management and private banking solutions. Asset Management provides individuals, advisors and institutions with strategies and expertise that span the full spectrum of asset classes through our global network of investment professionals. Wealth Management helps individuals, families and foundations take a more intentional approach to their wealth or finances to better define, focus and realize their goals.

POSITION

Perform portfolio management, including implementing the investment process and executing trades across credit derivatives, equity derivatives, volatility products, corporate bonds, equities, and ETFs to achieve high risk-adjusted returns.