Quantitative Trading & Research - Credit - Treasury CIO - Associate

JPMorganChase; New York (NY); On-site; USD 110,000 - 190,000; Full time

Job summary

JPMorganChase in New York is seeking an entry level/ associate Quantitative Research Analyst to cover the Treasury CIO Business. You will develop and maintain models for valuation, risk, P&L, and analytics across credit products.

The role focuses on the Credit needs within the Treasury & CIO unit, delivering analytics and supporting quantitative requirements. A strong foundation in math, statistics, and software design is essential.

Qualifications

• Advanced degree in math, statistics, physics, financial engineering, CS or equivalent.
• Excellent analytical, quantitative and problem-solving skills.
• Strong software design and data science skills, preferably with Python knowledge.
• Pro-active attitude and ability to work under pressure.

Responsibilities

• Ensure best-in-class analytics to effectively risk manage substantial holdings within their business unit.
• Document ideas and implement solutions or liaise with broader team to achieve this.
• Identify areas to streamline and improve analytics supporting decision-making.
• Collaborate with model control teams to facilitate review and approval of models.

Skills

Python

Statistics

Financial engineering

Advanced math

Data analysis

Communication

Education

MS in quantitative field

Bachelor's degree in related field

Tools

Python (NumPy/Pandas)

Job description

Job Description

The Credit Quantitative Research team is looking for an entry level or junior quant to join in a role which will focus on covering the Treasury CIO Business

Job Description

The Credit Quantitative Research team is looking for an entry level or junior quant to join in a role which will focus on covering the Treasury CIO Business.This role will be focusing on the Credit needs, and thus it will be within the broader Credit QR team which is responsible for developing and maintaining models for valuation, risk, PL calculations, as well as any analytics for the Credit and Public Finance business. The responsibilities of the team span the full range from new model specification, going through model approval, ensuring compliance with internal policies and industry regulations, implementation of model in library, to integration into risk and PL systems.

Job Summary

As an Analyst or Associate on the Quantitative Trading & Research Team, you will be covering the credit products in the scope of the Treasury & CIO business unit, delivering analytics and ensuring that the QR team is providing any quantitative support required.

Job Responsibilities

• Ensure that the team has the best-in-class analytics in order to effectively risk manage the substantial holdings within their business unit..
• Ensure that all the ideas are documented, and either directly implement the solutions we propose or liaise with the broader team in order to achieve this.
• Identifying areas where we can positively contribute by streamlining and increase the quality of the analytics that support their decision-making process.
• Working with model control teams to facilitate timely and efficient review and approval of models

Required Qualifications, Capabilities, And Skills

The role will be operating in a very dynamic environment which can be occasionally undergo some pressure due to situations developing in the market. This role is also expected to interact with other sub-teams within Credit QR, as well as the rest of the Treasury and CIO business hence a team player attitude is an absolute must. Excellent oral communication skills are required in our interaction with trading, technology, and control functions. Excellent written communication skills are also required for meeting the high standards of the model documentation. A strong interest in good software design principles is a requirement as well.

• An advanced degree in math, statistics, physics, financial engineering, computer science or equivalent subject
• Exceptional analytical, quantitative and problem-solving skills
• Strong software design and data science skills, preferably with Python knowledge and experience
• Pro-active attitude: should have a natural interest to learn about our business, models, and infrastructure
• Ability to work in a high-pressure environment
• Attention to detail and focus on quality of deliverable

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.