Quantitative Researcher

Job Description
DESCRIPTION:
Duties: Performs research on pricing and other models. Develop models that will improve the trading process. Deploy the models in production environment to be used by traders. Improve machine learning platform that performs black-box optimization service for tuning hyperparameters in sophisticated machine learning models. Measure and understand the algorithm performances and generate report that can be reviewed to improve the business processes and further optimize the algorithms. Telecommuting permitted up to 20% of the week.
QUALIFICATIONS:
Minimum education and experience required: Master's degree in Financial Engineering, Statistics, Mathematics, or related field of study plus 1 year (12 months) of experience in the job offered or as a Quantitative Researcher, Quantitative Analyst, or related occupation.
Skills Required: Requires experience with the following: financial engineering; statistics; linear algebra, probability, Monte-Carlo, partial differential equations, machine learning, stochastic calculus; numerical programming; fixed income products (bonds, repo, interest rate swaps, exotic derivatives); Experience in estimating the PnL of one trade and/or a book of trades; Estimate the risk metrics of one trade; as well as a book of trades; Experience in modeling of the term structure of interest rates; Experience in the life cycles of the fixed income products. Programming languages including Python, Matlab, and C++; and databases including SQL, Kdb+. Experience in capital requirements according to Basel III (RWA/GSIB) financial rules.
Job Location: 383 Madison Avenue, New York, NY 10179. Telecommuting permitted up to 20% of the week.
Full-Time. Salary: $205,000 - $285,000 per year.
About Us
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. For those in eligible roles, we offer discretionary incentive compensation which may be awarded in recognition of firm performance and 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
The Corporate & Investment Bank is a global leader across investment banking, wholesale payments, markets and securities services. The world's most important corporations, governments and institutions entrust us with their business in more than 100 countries. We provide strategic advice, raise capital, manage risk and extend liquidity in markets around the world.