Quantitative Trading & Research - Commodities - Energy - Vice President

J.P. Morgan; New York (NY); On-site; USD 120,000 - 180,000; Full time

Benefits offered by this job

Comprehensive health care coverage

Retirement savings plan

Tuition reimbursement

Mental health support

Job summary

J.P. Morgan is seeking an Associate or Vice President in the Energy Quantitative Research team in New York or Houston. This role focuses on the global energy trading business, with emphasis on North American power and gas. Candidates will develop pricing and risk models, collaborate with Trading and Sales, and drive business growth.

A master's or PhD in a quantitative field and strong programming skills in languages like Python and C++ are required. Competitive compensation and benefits are offered.

Qualifications

• Advanced degree or equivalent experience in a quantitative field.
• Understanding of mathematical techniques in valuation models.
• Proficiency in programming languages like Python and C++.

Responsibilities

• Develop pricing and risk models for structured products.
• Partner with Trading to identify new commercial opportunities.
• Lead projects and manage priorities within the team.

Skills

Programming skills (Python, C++)

Mathematical and numerical techniques

Commercial focus

Communication skills

Education

Master's or PhD in a quantitative field

Job description

Job Description

The Energy Quantitative Research team, part of the Quantitative Trading and Research organization, develops the valuation models, analytical tools, and risk infrastructure that underpins the global energy trading business. We partner closely with Trading, Structuring, Sales, and Technology to price complex products, manage risk, and accelerate commercial innovation.

Job summary

As an Associate or Vice President in the Energy Quantitative Research team in New York or Houston, you will be supporting the global energy trading business, with an initial focus on North American power and gas.

Working closely with the trading desk as part of a front office-aligned quant team, you will use your advanced analytical skills and commercial mindset to help drive the growth of the business and the development of new products. You will have the opportunity to own high impact models end to end, from the initial research and design to the production implementation and ongoing enhancement.

Job responsibilities

• Develop pricing and risk models for vanilla and structured products, including model development, production implementation, testing, governance and documentation
• Partner with Trading and Sales to develop new commercial opportunities
• Develop analytical tools for use by front office teams (pricing, model calibration, strategy backtesting etc)
• Provide quantitative analysis and support to front office teams and control functions
• Lead projects, manage priorities and take responsibility for results, partnering with other teams to deliver on cross-functional projects
• Provide technical support and guidance around the use of the models and tools developed by the team

Required qualifications, capabilities, and skills

• Advanced degree (master’s or PhD) in a quantitative field, or equivalent experience
• Deep understanding of the mathematical and numerical techniques used in valuation models, including stochastic calculus, probability theory, optimization, Monte Carlo methods etc
• Strong programming skills and knowledge of multiple languages (preferably including python and C++), with the ability to efficiently implement production quality models
• Commercially focused with excellent communication skills, and an ability to understand and anticipate desk needs and translate them into tangible deliverables

Preferred qualifications, capabilities, and skills

• Familiarity with energy and commodities markets, and the financial and physical products traded

Benefits and Equal Opportunity

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. We will provide additional information about accommodations during the hiring process.

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