Quantitative Trading & Research - FX Quantitative Trading - Associate

JPMorganChase; New York (NY); On-site; USD 100,000 - 130,000; Full time

Benefits offered by this job

Comprehensive health care coverage

Retirement savings plan

Tuition reimbursement

Mental health support

Job summary

JPMorganChase is seeking an Analyst or Associate for the FX Quantitative Trading team in New York. You will be responsible for designing trading strategies, researching market trends, and developing applications.

The ideal candidate exhibits strong programming skills, interest in quant finance, and excellent communication abilities. This role offers a competitive salary and benefits, with a focus on diversity and inclusion.

Qualifications

• Demonstrate an interest in market microstructures and quantitative trading.
• Show an interest in applying agile development practices in a front-office trading environment.
• Exhibit excellent verbal and written communication skills.

Responsibilities

• Create/modify/implement algorithmic orders for clients and internal manual traders.
• Develop cutting edge low latency infrastructure with technology.
• Utilize sources of liquidity to minimize the impact of order execution.

Skills

Market microstructures

Object-oriented programming (C++, Java, C#, etc.)

Python

Agile development practices

Communication skills

Education

Degree in Engineering, Mathematics, Physics, Computer Science or equivalent

Job description

Job Description

The FX Quantitative Trading team in New York is a dynamic team responsible for coordinating with the larger team to determine the desk's profitability. This team covers a wide range of responsibilities, including designing, trading, and execution strategies.

Job Summary

As an Analyst or Associate within the Quantitative Trading & Research (QTR) FX team, you will work on the trading floor in New York. You are responsible, independent, and able to work in smooth coordination with the larger team to determine the desk's profitability. You will cover multiple responsibilities, including designing trading and execution strategies; researching micro-patterns and trends; building, maintaining, and upgrading applications and tools; and supporting day‑to‑day operations.

Job Responsibilities

• Create/modify/implement algorithmic orders to execute on behalf of clients as well as internal manual traders
• Work closely with technology to develop cutting edge low latency infrastructure that meets business needs in a scalable manner
• Intelligently utilize internal and non-public sources of liquidity to minimize the impact of algorithmic order execution
• Create generic and bespoke post-trade transaction cost analysis models and reports for evaluation algorithmic order executions
• Create pre-trade transaction cost analysis to help clients choose algorithmic orders for appropriate execution
• Perform statistical analysis of algorithmic order execution for internal use and to drive iterative improvements
• Understand firm's approach and policies for managing risks in relevant business and applicable legal and regulatory rules, and follows policies

Required Qualifications, Capabilities, And Skills

• Demonstrate an interest in market microstructures and quantitative trading.
• Demonstrate design and programming skills, with a primary focus on object-oriented programming languages (C++, Java, C#, etc.) and Python.
• Show an interest in applying agile development practices in a front‑office trading environment.
• Exhibit excellent verbal and written communication skills, as this position involves frequent interaction with different teams in the firm and many non‑technical users.
• Think strategically and creatively when faced with problems and opportunities. Eagerly look for new ways of doing things and understand the benefits of leveraging the firm's scale.
• Demonstrate understanding in different types of risk and discuss in detail ways of managing these risks.
• Communicate concepts and ideas, both verbally and via documentation, and defend their validity while targeting messages to different audiences.

Preferred Qualifications, Capabilities, And Skills

• Degree in Engineering, Mathematics, Physics, Computer Science (or equivalent)
• Direct experience of agile software methodologies.
• Demonstrate macro markets experience and general trading concepts and terminology
• Demonstrate experience of working with electronic venues

Compensation & Benefits

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.

Equal Opportunity and Diversity Statement

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