What are the responsibilities and job description for the Quantitative Trading & Research - Strategic Indices - Vice President position at JPMorganChase?
Job Description
Quantitative Trading & Research (QTR) is an expert quantitative modelling group in J.P. Morgan, as well as a leader in financial engineering, data analytics, statistical modelling, and portfolio management. As a global team, QTR partners with traders, marketers and risk managers across all products and regions, contributes to sales and client interaction, product innovation, valuation and risk management, inventory and portfolio optimization, electronic trading and market making, and appropriate financial risk controls.
Job Summary
As an Associate or Vice President in the Quantitative Trading & Research (QTR) team, you will be responsible for the implementation, deployment, independent calculation, and risk management of investable indices, also known as Quantitative Investment Strategies (QIS). We are an integral part of the Strategic Indices business, where you will have a direct and independent role in revenue generation. You will work in close partnership with Structuring, Trading, and Technology teams. We are a team with a global footprint and we cover a broad range of asset classes, including Equities, Rates, Commodities, and FX. You will contribute to the firm’s Strategic Indices business by working closely with Trading, Structuring, and Technology teams globally.
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.
Quantitative Trading & Research (QTR) is an expert quantitative modelling group in J.P. Morgan, as well as a leader in financial engineering, data analytics, statistical modelling, and portfolio management. As a global team, QTR partners with traders, marketers and risk managers across all products and regions, contributes to sales and client interaction, product innovation, valuation and risk management, inventory and portfolio optimization, electronic trading and market making, and appropriate financial risk controls.
Job Summary
As an Associate or Vice President in the Quantitative Trading & Research (QTR) team, you will be responsible for the implementation, deployment, independent calculation, and risk management of investable indices, also known as Quantitative Investment Strategies (QIS). We are an integral part of the Strategic Indices business, where you will have a direct and independent role in revenue generation. You will work in close partnership with Structuring, Trading, and Technology teams. We are a team with a global footprint and we cover a broad range of asset classes, including Equities, Rates, Commodities, and FX. You will contribute to the firm’s Strategic Indices business by working closely with Trading, Structuring, and Technology teams globally.
Job Responsibilities
- Develop, expand and support the risk management platform used by traders to hedge investable indices traded with our clients
- Build foundational infrastructure to support new product offerings, enhance efficiency, and improve controls
- Provide tooling and support to Trading teams through risk analysis and investigations of production trading strategies
- Contribute to our automation ecosystem by delivering end-to-end automation and optimization of trading execution and other related investable index trading and risk management workflows
- Work on the development and support of systematic trading strategies with our business partners
- Develop, deploy, and maintain new and existing algorithmic trading strategies
- Work closely with technology and business partners in New York, London, and Asia-Pacific.
- Advanced degree (Master’s or PhD) in a quantitative discipline such as Mathematics, Computer Science, Physics, Engineering, or equivalent.
- Minimum of 2 years of professional experience in the finance industry.
- Proven experience with quantitative investment strategies and derivatives, ideally with cross-asset exposure to Equities, Commodities, and/or Rates.
- Strong programming background with high proficiency in Python.
- Demonstrated contributions to the development of trading and risk management systems; fluency in software engineering design and best practices.
- Comprehensive understanding of financial risk types and the ability to discuss detailed risk management approaches.
- Exceptional attention to detail and commitment to the quality of deliverables.
- Deep understanding of advanced mathematics used in financial modeling, including calculus, numerical analysis, optimization, and statistics.
- Solid grasp of the mathematics involved in the valuation of financial products and trading strategies.
- Exceptional analytical, quantitative, and problem-solving skills.
- Excellent interpersonal and communication skills (both verbal and written), with the ability to engage partners and stakeholders on complex and technical topics and explain them with clarity.
- Knowledge of derivatives pricing theory, trading algorithms, and/or financial regulations.
- Interest in applying agile development practices within a front-office trading environment.
- Practical knowledge of derivatives pricing and risk management for vanilla options and volatility products.
- Mindset focused on robust system and solution design and implementation, including diligent testing and verification practices.
- Strong knowledge of compute optimization and development of efficient 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 : $200,000 - $285,000