What are the responsibilities and job description for the Quantitative Research Equity Exotics Vice President position at JPMorganChase?
Job Description
The Quantitative Research (QR) Equity Derivatives team is looking for a junior to mid-level quant to focus on exotic products. The objective is to drive and implement analytics, optimization and modeling for Equity Exotic trading.
Job Summary
As the Vice President on the Quantitative Equity Derivatives Exotics team, you will leverage quantitative techniques, including machine learning, to provide comprehensive solutions for the business. Your responsibilities will include developing derivative pricing models, creating data hedging strategies, identifying and monitoring model risks, and contributing to the innovation of derivative payoffs.
Job Responsibilities
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.
The Quantitative Research (QR) Equity Derivatives team is looking for a junior to mid-level quant to focus on exotic products. The objective is to drive and implement analytics, optimization and modeling for Equity Exotic trading.
Job Summary
As the Vice President on the Quantitative Equity Derivatives Exotics team, you will leverage quantitative techniques, including machine learning, to provide comprehensive solutions for the business. Your responsibilities will include developing derivative pricing models, creating data hedging strategies, identifying and monitoring model risks, and contributing to the innovation of derivative payoffs.
Job Responsibilities
- Develop mathematical models for pricing and risk management of derivative securities within a quantitative library using C and Python programming languages.
- Evaluate quantitative methodologies including identifying and monitoring model risks associated with derivative valuation models.
- Build data-driven hedging strategies for Equity Derivative products
- Implement data driven and AI based Equity Exotic tools including pricing, hedging, and backtesting.
- Support trading activities by explaining model behavior, identifying major sources of risk in portfolios and carrying out scenario analyses.
- Collaborate closely with Structuring team on payoff innovation.
- Provide clear model documentation and work closely with the model review group to facilitate model approvals.
- Advanced degree in a quantitative field from a top university.
- 3 years of experience in derivatives quantitative research
- Solid understanding of stochastic calculus, probability theory, and numerical methods.
- Strong programming skills in C , Python and numerical packages.
- Experience with statistical analysis and machine learning.
- Deep understanding of derivatives pricing models and experience with equity derivatives products.
- Ability to communicate effectively with trading and structuring
- Prior experience in a front-office quantitative research role.
- Knowledge of risk management frameworks and regulatory requirements.
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.
Salary : $200,000 - $285,000