Quantitative Research [Multiple Positions Available]

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

Job summary

JPMorgan Chase & Co. in New York city seeks a quant to develop analytics and risk tools for counterparty credit risk and margin. You will work with the XVA modeling team and end users across the model development lifecycle, leveraging HPC, cloud, and GPU technologies to automate analytics.

The role requires advanced degrees in quantitative fields and experience with derivative pricing, margin models, and programming in C++/Python. Base salary is competitive with broad total rewards.

Qualifications

• Master's degree in a quantitative field plus 2 years of experience in quantitative finance or related roles.
• PhD in a related field with no experience also acceptable.
• Experience with derivative pricing and margin calculations.

Responsibilities

• 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 quantitative methods and analytical tools across the model development lifecycle.
• Provide modeling support to CTR and Collateral Management & Optimization groups.
• Leverage HPC, cloud computing, GPU, and automatic differentiation; automate data analytics to improve processes.

Education

Master's degree in Computational Finance or related field

PhD in Computational Finance or related field

Tools

Excel

Job description

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.

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:

This position requires experience with the following: 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:

270 Park Avenue, New York, NY 10017.

Full-Time. Salary:

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

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

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. Develop state-of-the-art analytics and risk management tools for counterparty credit risk and margin.