Quantitative Trading & Research - e-Trading - Associate

JPMorganChase; New York (NY); On-site; USD 150,000 - 190,000; Full time

Job summary

JPMorganChase is seeking a Quantitative Researcher to design and implement execution algorithms within the QTR eTrading team in New York. You will apply portfolio optimization techniques to enhance trade scheduling for single stocks and portfolios in our algo engine.

You will collaborate with quant researchers, product teams and trading desks to deliver global client solutions and shape the platform’s direction, leveraging data analytics and quantitative methods to improve trading performance.

Qualifications

• Masters in STEM or related quantitative field.
• Experience with optimization techniques for trading strategies.
• Proficient in Python, Java or C++ and algorithmic trading platforms.

Responsibilities

• Solve and implement numerical optimization for trade scheduling.
• Build robust production algorithms in the algo trading engine.
• Explain model behavior and conduct scenario analyses.

Skills

Optimization techniques

Python

Java

C++

Quantitative analysis

Communication

Education

Masters in STEM

PhD in STEM (preferred)

Tools

Python

AWS

Databases

q/kdb

Job description

Job Description

The Quantitative Trading & Research (QTR) Team design and implement trading platforms to integrate client solutions across various functions. This team contributes to the design and implementation of the algorithmic trading platforms where they integrate quantitative research and data analytics for client solutions across various functions in eTrading.

Our team partners with the electronic trading desk and technology teams to develop sophisticated mathematical models, cutting-edge methodologies and infrastructure to improve the performance of algorithmic trading strategies and promote advanced electronic solutions to our clients worldwide. The Quantitative Researcher function within the QTR eTrading team works closely with other quant researchers, the algo development team and the product team to deliver global solutions for our clients.

Job Summary

As an associate in the QTR eTrading team, you will contribute to the design and implementation of the execution algorithms, integrating quantitative research, data analytics, and client solutions across various functions within eTrading. You will apply portfolio optimization techniques to enhance trade scheduling for both single stocks and portfolio trading in the algo engine. Collaborating with researchers in the QTR team and working closely with the electronic trading product and algo development technology teams, you will have the opportunity to guide and shape the direction of the platform.

Job Responsibilities

• Solve and implement numerical algorithms that address the optimization challenges in trade scheduling for multi-period single stock and portfolio products
• Build robust algorithms within the production platform which will involve collaborating closely with our technology partners to integrate and deliver optimization solutions within the algo trading engine
• Support diagnosis of trading decisions by explaining model and algorithm behavior, conducting scenario analyses, and developing statistical tools and data analytics.
• Validate production implementations for fidelity with the original research specifications.
• Collaborate with quant researchers and trading desks to refine models and strategies that enhance our trading performance
• Work closely with the product team and trading desks to design and build client centric solutions

Required Qualifications, Capabilities, And Skills

• Masters in STEM subject such as computer science, engineering, mathematics/statistics, physics
• Experience with optimization techniques relevant to trading strategies
• Experience coding in python, Java or C++
• Experience working on algorithmic trading platform
• Strong analytical, quantitative, and problem-solving skills
• Strong written and verbal communication skills, with the ability to communicate well with business users and technology teams

Preferred Qualifications, Capabilities, And Skills

• Preferred PhD in STEM subject or independent research experience
• 1 to 3 years preferred experience in position(s) with similar responsibilities/technologies area
• Experience with stochastic control, stochastic/numerical optimization techniques relevant to single stock or portfolio trading strategies
• Experience with writing production grade implementations for trading systems in Java/C++
• Experience with Python, AWS and/or other database/data processing technologies
• Experience with q/kdb or similar
• Knowledge of cash equity markets and microstructure

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.