What are the responsibilities and job description for the Quantitative Research - Global Clearing - Associate position at JPMorganChase?
Job Description
Join our global Quantitative Research (QR) team, where you'll apply your expertise in Derivatives Modelling, Financial Engineering, Data Science, and Quantitative Development. As part of JP Morgan's leading QR Group, you'll innovate with unique analytics and mathematical models, enhancing business practices through automation. We develop advanced models and methodologies to support the Clearing business, utilizing the Athena quant platform for comprehensive trade and risk management across all asset classes.
Job Summary
As an Associate in the Quantitative Research (QR) Global Clearing team, you will contribute to the FnO and OTC derivatives and Initial Margin (IM) agenda for QR Global Clearing. Additionally, you will play a role in advancing the strategic agenda to transform our investment bank into a data-led business, utilizing state-of-the-art machine learning techniques to promote change.
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.
Join our global Quantitative Research (QR) team, where you'll apply your expertise in Derivatives Modelling, Financial Engineering, Data Science, and Quantitative Development. As part of JP Morgan's leading QR Group, you'll innovate with unique analytics and mathematical models, enhancing business practices through automation. We develop advanced models and methodologies to support the Clearing business, utilizing the Athena quant platform for comprehensive trade and risk management across all asset classes.
Job Summary
As an Associate in the Quantitative Research (QR) Global Clearing team, you will contribute to the FnO and OTC derivatives and Initial Margin (IM) agenda for QR Global Clearing. Additionally, you will play a role in advancing the strategic agenda to transform our investment bank into a data-led business, utilizing state-of-the-art machine learning techniques to promote change.
Job Responsibilities
- Leverage JPM internal derivatives library and models to deliver risk management solutions for FnO and OTC products.
- Drive projects end-to-end, from brainstorming and prototyping to production delivery. Partner with other Quant, Technology and Prod Dev to deliver QR analytics to the business.
- Develop novel IM and derivative models to improve existing coverage and risk quality.
- Independently manage Rates / Credit IM models
- Develop and deliver analytics that help transforming the business and contributing to the automation agenda.
- Develop and deliver ML/AI models and end-to-end solutions.
- Contribute to EOD or intraday hedging activities and algo design.
- Advanced degree (PhD, MSc or equivalent) in Mathematics, Physics or Computer Science.
- You have 3 years of experience in a front office trading desk support position as a quant.
- You have knowledge of the FnO/OTC derivatives products and good understanding of risk/PnL.
- You demonstrate quantitative and problem-solving skills.
- You have strong coding skills (Python or C ), proficiency in code design and can navigate large libraries and quickly debug complex logics.
- You have excellent communication skills, both verbal and written, can engage and influence partners and business/non-Tech stakeholders.
- You are detail-oriented and can work on adhoc requests and can sometimes work under pressure.
- You are enthusiastic about knowledge sharing and collaboration.
- Knowledge of curve building, volatility surface calibrations, etc
- Knowledge of market risk and time-series analysis
- Knowledge of ML algorithms and experience in delivering AI models / end-to-end solutions
- Knowledge of Optimization and hedging algorithms
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 : $150,000 - $200,000