Quantitative Research - Credit - Executive Director

JPMorganChase; New York (NY); On-site; USD 185,000 - 215,000; Full time

Job summary

A forward-thinking company is seeking an Executive Director for their Quantitative Research Credit team. This pivotal role involves developing pricing models and delivering analytics to support the Credit Exotic business. You will work closely with trading and structuring teams globally, enhancing risk management capabilities and modernizing trading platforms. This position offers the opportunity to drive automation and contribute to innovative financial solutions in a dynamic environment. If you possess strong analytical skills and a passion for quantitative finance, this is the perfect opportunity to make a significant impact.

Benefits

Comprehensive Health Care Coverage

On-Site Health and Wellness Centers

Retirement Savings Plan

Tuition Reimbursement

Mental Health Support

Financial Coaching

Qualifications

• 7+ years in fixed-income derivatives and exotics.
• Strong analytical and quantitative skills required.

Responsibilities

• Collaborate with global trading and structuring teams.
• Support bespoke and hybrid structures trading.

Skills

Analytical Skills

Quantitative Problem-Solving

Software Design Principles

Data Science

Communication Skills

Education

Advanced Degree in Mathematics

Ph.D. in a Numerate Subject

Tools

Python

C++

Job description

Quantitative Research - Credit - Executive Director

Join to apply for the Quantitative Research - Credit - Executive Director role at JPMorganChase

Quantitative Research - Credit - Executive Director

2 weeks ago Be among the first 25 applicants

Join to apply for the Quantitative Research - Credit - Executive Director role at JPMorganChase

Get AI-powered advice on this job and more exclusive features.

Job Description

This role will focus on supporting the Credit Exotic business, a key component of our leading Credit division among sell-side institutions. J.P. Morgan Global Credit Trading provides top-tier, integrated financial services to a global clientele, offering financial assets and liquidity solutions for banks, insurance companies, finance companies, mutual funds, and hedge funds. Our traders, salespeople, and research analysts collaborate to generate innovative ideas and maintain our competitive edge in the market. The Credit business facilitates secondary markets in high-grade bonds/CDS, high-yield bonds/CDS, distressed bonds, indices, options, correlation products, and other exotic structures.

Job Description

This role will focus on supporting the Credit Exotic business, a key component of our leading Credit division among sell-side institutions. J.P. Morgan Global Credit Trading provides top-tier, integrated financial services to a global clientele, offering financial assets and liquidity solutions for banks, insurance companies, finance companies, mutual funds, and hedge funds. Our traders, salespeople, and research analysts collaborate to generate innovative ideas and maintain our competitive edge in the market. The Credit business facilitates secondary markets in high-grade bonds/CDS, high-yield bonds/CDS, distressed bonds, indices, options, correlation products, and other exotic structures.

The Credit QR team is tasked with developing and maintaining models for valuation, risk, P&L calculations, as well as creating quoting and market-making algorithms and analytical tools. Our responsibilities encompass the entire model lifecycle, from new model specification and approval to ensuring compliance with internal policies and industry regulations, implementing models in our library, and integrating them into risk and P&L systems.

Job Summary

As a Vice President or Executive Director in the Quantitative Research Credit team, your primary focus will be on pricing models, delivering analytics as well as ensuring the QR team provides an effective toolkit to the Credit Exotic business. The role covers all aspects of QR support, with a particular emphasis on assisting the desk with bespoke transactions, enhancing risk management capabilities, and modernizing the trading platform systems. Daily interaction with trading and structuring teams is expected, as the team rotates between positions within the broader Credit QR team and the trading desk.

Job Responsibilities

• Collaborate with trading and structuring teams globally (London, New York, Paris and Hong Kong) to ensure their needs are captured
• Support trading of bespoke and hybrid structures and assist in analyzing hedging effectiveness and understanding P&L sources
• Explain model behavior, conduct scenario analysis, develop, and deliver quantitative tools and support analytics
• Document ideas and implement solutions directly or coordinate with the broader team to achieve this
• Contribute to platform modernization by transitioning analytics to modern frameworks and decommissioning legacy systems
• Drive the automation agenda by minimizing repetitive tasks and contributing to the development of e-commerce platforms
• Write technical model documentation compliant with internal and regulatory standards and engage with model control teams to facilitate timely and efficient reviews and approvals
  
  

Required Qualifications, Capabilities, And Skills

• Strong business and modelling knowledge from prior experience in fixed-income derivatives and exotics (credit or rates)
• You demonstrate exceptional analytical, quantitative and technical problem-solving skills with a structured mathematical approach and thought process
• You have an advanced degree in mathematics, statistics, physics, financial engineering or computer science
• You have at least 7 years of experience supporting a credit market-making desk or equivalent experience on both sell-side and buy-side firms
• You demonstrate an interest in good software design principles and familiarity with collaborative software development process in a dynamic and demanding environment
• You have a strong software design and data science skills
• You are a team player with excellent oral and written communication skills for interaction with trading, technology and control functions
• You demonstrate proactive attitude with a natural interest in learning about our business, models, and infrastructure
• You have ability to work effectively in a highly dynamic environment with an attention to detail and focus on quality deliverables
  
  

Preferred Qualifications, Capabilities, And Skills

• You have a Ph.D. in a numerate subject from a top academic institution
• You demonstrate experience in in Python and C++
  
  

ABOUT US

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. 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

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.

Seniority level

• Seniority level

  Director

Employment type

• Employment type

  Full-time

Job function

• Job function

  Business Development and Sales

Referrals increase your chances of interviewing at JPMorganChase by 2x

Get notified about new Credit Executive jobs in New York, NY.

Credit Officer – Asset Backed Securities / CLO - Vice President

New York, NY $185,000.00-$215,000.00 1 week ago

Manager, U.S. Leveraged Finance Credit Risk

Credit Executive Office, Senior Associate / Associate

New York, NY $155,000.00-$175,000.00 1 month ago

Senior Manager, U.S. Counterparty Credit Risk - Hedge Funds

New York, NY $117,400.00-$224,700.00 1 week ago

Credit Officer - Securitization - Director

New York, NY $180,000.00-$205,000.00 1 week ago

New York, NY $200,000.00-$275,000.00 2 months ago

New York City Metropolitan Area 12 hours ago

New York, NY $200,000.00-$250,000.00 2 months ago

New York City Metropolitan Area $100,000.00-$130,000.00 4 weeks ago

MSIM PC&E - Private Credit- Senior Associate/ Vice President

New York, NY $143,000.00-$185,000.00 11 hours ago

Portfolio Manager & Credit Analyst, Treasury

New York, NY $85,900.00-$179,500.00 6 days ago

Executive Director, Leveraged Finance Credit Manager

New York, NY $105,600.00-$198,000.00 1 week ago

Leasing Credit Sr Officer/Leasing Credit Officer II-Large Corporates

New York, NY $81,000.00-$200,000.00 15 hours ago

New York, NY $150,000.00-$190,000.00 2 weeks ago

Latin America Credit Risk Officer - Vice President

New York, NY $125,000.00-$145,000.00 2 weeks ago

Global Investment Research, Global Macro Research, Structured Credit Research, Analyst

VP / Director – Head of Credit Administration

New York City Metropolitan Area 5 days ago

AVP – Credit Officer (Financial Institutions)

New York City Metropolitan Area 2 weeks ago

New York, NY $175,000.00-$225,000.00 2 weeks ago

Manager, Global Credit Asset-Backed Finance

New York, NY $125,000.00-$155,000.00 1 month ago

Credit Products Officer II (C&I and HOA)

Bergen County, NJ $75,000.00-$115,000.00 11 hours ago

Team Lead Securitization Credit Officer, Director

New York, NY $65,900.00-$170,100.00 4 days ago

New York, NY $125,000.00-$225,000.00 2 weeks ago

Blackstone Credit & Insurance - Perpetual Fund Solutions "PFS" Sales, Principal

We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.