DESCRIPTION:
Duties: Develop proprietary financial models to deliver accurate analytics and provide the business with a competitive advantage in the market. Execute electronic trading for JPMC's agency desk, generating trade signals and investment suggestions to enhance profit margins. Provide hedge analysis to optimize risk management strategies. Provide timely, on-demand transaction analysis to support business decision-making processes. Perform institutional-level relative value analysis between bonds, to identify and evaluate investment opportunities. Design and implement tools to improve operational efficiency and workflow processes for the trading desk. Develop and enhance in-house systematic trading systems aimed at improving the overall client experience. Lead a globally distributed team in delivering comprehensive financial analysis and trading tools, promoting cross-functional collaboration and innovation.
QUALIFICATIONS:
Minimum education and experience required: Bachelor's degree in Information Systems, Software Engineering, Computer Science or related field of study plus 10 years of experience in the job offered or as Quantitative Researcher, Software Engineer, Application Developer, Project Engineer, or related occupation.
Skills Required: This position requires ten (10) years of experience with the following: writing python program to produce real time price for Agency Mortgage Backed Securities that can be used by Traders directly; producing appropriate price, yield, accrual interest, duration, convexity and relevant analytics, matching the standards used by major financial companies, with numerical results tied to those found in Bloomberg; writing C# program for institutional level financial application with interactive screen and asynchronous calculation messages; developing systems in enterprise level Software Development Life Cycle process, with centralized source control repository including cvs, and github, and robust cross team commit, review and regression processes; writing Excel VBA to model complex Agency Mortgage Backed Securities bond calculation function that could be integrated into trader's Excel tools. This position requires nine (9) years of experience with the following: utilizing Intex Deal Maker (Mortgage Industry standard tool) to model deal payment structures representing contract negotiated between buyer and seller; producing cashflow and analysis conforming to pricing convention and settlement mechanism in Agency To Be Announced (TBA) market, producing TBA roll analysis for Freddie Mac, Fannie Mae, Gennie Mae mortgages; writing C++ program for high performance analytical engine, with low latency on network messages for real time pricing; writing cashflow engine for Agency Mortgage Pools as well as for Agency Collateralized Mortgage Obligation Interest Only Bonds, Principal Only Bonds, Targeted Amortization Class, Planned Amortization Classes. This position requires three (3) years of experience with the following: writing python program to connect to London Stock Exchange's YieldBook API (Agency Mortgage-Backed securities industry standard) for generating market prepayment and duration analysis; writing python program to connect to Bloomberg API generating market agreed price, yields, duration and convexity for Agency Mortgage- Backed securities.
Job Location: 270 Park Ave, New York, NY 10017.
Full-Time. Salary: $300,000.00-$350,000.00 per year.
About UsWe 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
Skills Required
- Bachelor's degree in Information Systems, Software Engineering, Computer Science or related field
- Minimum 10 years' experience as a Quantitative Researcher, Software Engineer, Application Developer, Project Engineer, or related role
- 10 years experience writing Python programs for real-time pricing of Agency Mortgage-Backed Securities used by traders
- 10 years producing price, yield, accrued interest, duration, convexity and analytics matching industry standards (Bloomberg) for MBS
- 10 years writing C# for institutional financial applications with interactive screens and asynchronous calculation messaging
- 10 years experience in enterprise SDLC with centralized source control (CVS, GitHub), cross-team commit/review and regression processes
- 10 years writing Excel VBA to model complex Agency MBS bond calculation functions integrated into traders' Excel tools
- 9 years utilizing Intex Deal Maker to model deal payment structures and produce cashflow analyses for Agency TBA market
- 9 years producing TBA roll analysis for Freddie Mac, Fannie Mae, Ginnie Mae mortgages
- 9 years writing C++ for high-performance analytical engines with low-latency network messaging for real-time pricing
- 9 years writing cashflow engines for Agency Mortgage Pools and CMOs (IO, PO, TAC, PAC)
- 3 years writing Python programs to connect to YieldBook API for prepayment and duration analysis
- 3 years writing Python programs to connect to Bloomberg API to retrieve market prices, yields, duration and convexity
JPMorganChase Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about JPMorganChase and has not been reviewed or approved by JPMorganChase.
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Healthcare Strength — Medical, dental, vision, and mental-health coverage are broad, with wellness incentives, on-site or virtual care, and an EAP offering coaching and counseling. Plan materials emphasize accessible options, including multiple medical choices and tools to manage costs.
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Parental & Family Support — Paid parental leave extends up to 16 weeks for all parents, supplemented by paid Critical Caregiver Leave. Family resources include backup childcare via Bright Horizons, lactation support and milk-shipping, family-building assistance, and even a free five-month SNOO rental for newborns.
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Retirement Support — Retirement programs include a 401(k) with an annual company match and automatic pay credits for most employees, with a legacy pension available to earlier hires. An Employee Stock Purchase Plan at a 5% discount further supports long-term savings.
JPMorganChase Insights
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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