Quantitative Research [Multiple Positions Available]

JPMorganChase; New York (NY); On-site; USD 200,000 - 285,000; Full time

Benefits offered by this job

Comprehensive health care coverage

On-site health and wellness centers

Retirement savings plan

Backup childcare

Tuition reimbursement

Mental health support

Financial coaching

More

Job summary

JPMorganChase is seeking a quantitative professional to develop analytics and risk tools for counterparty credit risk and margin. You will collaborate with business users and the XVA modeling team, designing cutting-edge quantitative methods and supporting the model lifecycle from implementation to deployment.

The role requires a Master’s degree (or PhD with related field) and 2 years of experience, with strong C++ and Python skills for data-driven analysis. Located at 270 Park Avenue, New York.

Qualifications

• Master's degree plus 2 years of experience in quantitative finance or related field, or PhD with no required experience.
• Proficiency in implementing quantitative models and analytical tools.
• Strong programming skills in C++ and Python for modeling and analysis.

Responsibilities

• Develop analytics and risk tools for counterparty credit risk and margin.
• Collaborate with business end users and XVA modeling team.
• Support end users with modeling and lifecycle deployment of tools.

Skills

Quantitative finance models

Margin/backtesting models

Explain and troubleshoot models

C++

Python

Data retrieval & analysis

Education

Master's degree in Computational/Mathematical/Statistical Finance or related field

PhD in related field accepting without experience

Tools

Excel

Job description

Job Description

Duties: Develop state-of-the-art analytics and risk management tools for counterparty credit risk and margin. Interact with business end users and collaborate with the XVA modeling team. Design and implement cutting-edge quantitative methods and analytical tools, provide modeling support, and work with technologies across the entire model development lifecycle. Provide modeling support to end users from the Counterparty Credit Risk and the Collateral Management & Optimization groups. Leverage technology across the entire model development lifecycle from initial implementation to model deployment and release testing. Work with High Performance Computing (HPC), including cloud computing, GPU, and automatic differentiation. Automate and apply data analytics to improve processes.

Duties: Develop state-of-the-art analytics and risk management tools for counterparty credit risk and margin. Interact with business end users and collaborate with the XVA modeling team. Design and implement cutting-edge quantitative methods and analytical tools, provide modeling support, and work with technologies across the entire model development lifecycle. Provide modeling support to end users from the Counterparty Credit Risk and the Collateral Management & Optimization groups. Leverage technology across the entire model development lifecycle from initial implementation to model deployment and release testing. Work with High Performance Computing (HPC), including cloud computing, GPU, and automatic differentiation. Automate and apply data analytics to improve processes.

Qualifications

Minimum education and experience required: Master's degree in Computational Finance, Mathematical Finance, Statistics, Quantitative Finance, Math, Physics, Computer Science, Computer Engineering, or related field of study plus 2 years of experience in the job offered or as Quantitative Research, Associate, Quantitative Associate, Quantitative Analyst, or related occupation. The employer will alternatively accept a PhD in Computational Finance, Mathematical Finance, Statistics, Quantitative Finance, Math, Physics, Computer Science, Computer Engineering, or related field of study and no experience in the job offered.

Skills Required

• Researching and developing quantitative finance models for derivative pricing and margin calculations;
• Supporting and backtesting margin models;
• Supporting trading functions and risk managers by explaining and troubleshooting quantitative models;
• Implementing quantitative models in object-oriented programming languages including C++ and Python;
• Retrieving financial data and performing statistical analysis using programming languages including Python and Excel.

Job Location

Job Location: 270 Park Avenue, New York, NY 10017.

Contract & Salary

Full-Time. Salary: $200,000 - $285,000 per year.

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.

Benefits

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

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.

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.

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.