Join a world-class team at J.P. Morgan and help shape the future of financial markets through quantitative research and innovation. This role offers exceptional career growth, exposure to cutting-edge methodologies, and the opportunity to collaborate with talented professionals globally. You will benefit from on-the-job training and have the chance to make a real impact on our business and clients. Be part of a team that values creativity, analytical thinking, and continuous learning.
As a Quantitative Research Analyst within the Quantitative Research team, you will partner with business leaders to develop and maintain sophisticated mathematical models and analytical tools. You will collaborate closely with trading desks, product managers, and technology teams to create solutions that drive performance and manage risk. Your work will contribute to the development of innovative financial products and effective risk management strategies. We value teamwork, open communication, and a commitment to excellence. Join us to advance your career and make a difference in the financial industry.
Job responsibilities
- Develop and implement mathematical models in Python and C++ for pricing and risk management
- Build and maintain software and tools for real-time pricing and relative value strategies
- Collaborate with risk functions to develop models for market and credit risk across various business lines
- Write clear and comprehensive documentation for model specifications and implementation testing
- Partner with trading desks, product managers, and technology teams to create quantitative trading models
- Ensure compliance with regulatory requirements through effective model development and testing
- Contribute to the development of portfolio risk-measurement methodologies
- Quantify credit and market risk exposures for a wide range of financial products
- Support product innovation and financial controls through quantitative analysis
- Engage and influence partners and stakeholders through effective communication
- Participate in ongoing training and professional development opportunities
Required qualifications, capabilities, and skills
- Master's degree in financial engineering, computer science, mathematics, sciences, statistics, econometrics, or other quantitative fields
- 1 year of experience in a related quantitative or analytical role
- Strong quantitative, analytical, and problem-solving skills
- Solid background in calculus, linear algebra, probability, and statistics
- Proficiency in at least one object-oriented programming language (C++ or Java) and Python
- Knowledge of data structures and algorithms
- Ability to think strategically and creatively when solving problems
- Excellent verbal and written communication skills
- Experience writing technical documentation
- Ability to work collaboratively in a team environment
- Demonstrated commitment to professional growth and learning
- Experience working in a fast-paced, dynamic environment
Preferred qualifications, capabilities, and skills
- Experience with financial markets and trading concepts
- Knowledge of financial products and asset classes such as Fixed Income, Credit, Commodities, and Equities
- Background in computer algorithms and specialization in low-level systems (operating systems, compilers, GPUs)
- Familiarity with options pricing theory, trading algorithms, financial regulations, stochastic calculus, machine learning, or high-performance computing
- Experience developing models for market and credit risk
- Exposure to regulatory compliance in financial modeling
- Advanced skills in Python and quantitative analysis
About Us
J.P. Morgan is a global leader in financial services, providing strategic advice and products to the world's most prominent corporations, governments, wealthy individuals and institutional investors. Our first-class business in a first-class way approach to serving clients drives everything we do. We strive to build trusted, long-term partnerships to help our clients achieve their business objectives.
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.
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.
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What We Do
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $3.7 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands.
Technology fuels every aspect of our company and is at the heart of everything we do. With over 50,000 technologists globally and an annual tech spend of $12 billion, we are dedicated to improving the design, analytics, development, coding, testing and application programming that goes into creating high quality software and new products.
Learn more about technology at our firm, explore resources from our Distinguished Engineers, AI & ML researchers, and other experts; access the latest episode of our TechTrends podcast, and more at www.jpmorgan.com/technology. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.
©2023 JPMorgan Chase & Co. All rights reserved. JPMorgan Chase is an Equal Opportunity Employer, including Disability/Veterans.
Why Work With Us
Our technologists work on a diverse range of solutions that include strategic technology initiatives, big data, mobile, electronic payments, machine learning, cybersecurity, enterprise cloud development, and other state-of-the-art technologies.
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