The Quantitative Trading & Research (QTR) Team design and implement trading platforms to integrate client solutions across various functions. This team contributes to the design and implementation of the algorithmic trading platforms where they integrate quantitative research and data analytics for client solutions across various functions in eTrading.
Our team partners with the electronic trading desk and technology teams to develop sophisticated mathematical models, cutting-edge methodologies and infrastructure to improve the performance of algorithmic trading strategies and promote advanced electronic solutions to our clients worldwide. The Quantitative Researcher function within the QTR eTrading team works closely with other quant researchers, the algo development team and the product team to deliver global solutions for our clients.
Job Summary
As an associate in the QTR eTrading team, you will contribute to the design and implementation of the execution algorithms, integrating quantitative research, data analytics, and client solutions across various functions within eTrading. You will apply portfolio optimization techniques to enhance trade scheduling for both single stocks and portfolio trading in the algo engine. Collaborating with researchers in the QTR team and working closely with the electronic trading product and algo development technology teams, you will have the opportunity to guide and shape the direction of the platform.
Job Responsibilities
Solve and implement numerical algorithms that address the optimization challenges in trade scheduling for multi-period single stock and portfolio products
Build robust algorithms within the production platform which will involve collaborating closely with our technology partners to integrate and deliver optimization solutions within the algo trading engine
Support diagnosis of trading decisions by explaining model and algorithm behavior, conducting scenario analyses, and developing statistical tools and data analytics.
Validate production implementations for fidelity with the original research specifications.
Collaborate with quant researchers and trading desks to refine models and strategies that enhance our trading performance
Work closely with the product team and trading desks to design and build client centric solutions
Required qualifications, capabilities, and skills
Masters in STEM subject such as computer science, engineering, mathematics/statistics, physics
Experience with optimization techniques relevant to trading strategies
Experience coding in python, Java or C++
Experience working on algorithmic trading platform
Strong analytical, quantitative, and problem-solving skills
Strong written and verbal communication skills, with the ability to communicate well with business users and technology teams
Preferred qualifications, capabilities, and skills
Preferred PhD in STEM subject or independent research experience
1 to 3 years preferred experience in position(s) with similar responsibilities/technologies area
Experience with stochastic control, stochastic/numerical optimization techniques relevant to single stock or portfolio trading strategies
Experience with writing production grade implementations for trading systems in Java/C++
Experience with Python, AWS and/or other database/data processing technologies
Experience with q/kdb or similar
Knowledge of cash equity markets and microstructure
About Us
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
Skills Required
- Master’s degree in a STEM field such as computer science, engineering, mathematics, statistics, or physics
- Experience with optimization techniques relevant to trading strategies
- Programming experience in Python, Java, or C++
- Experience working on an algorithmic trading platform
- Strong analytical, quantitative, and problem-solving skills
- Strong written and verbal communication skills with business users and technology teams
- PhD in a STEM subject or independent research experience
- One to three years of experience in similar responsibilities or technologies
- Experience with stochastic control and stochastic or numerical optimization for trading strategies
- Experience writing production-grade Java or C++ implementations for trading systems
- Experience with Python, AWS, and database or data-processing technologies
- Experience with q/kdb or similar technologies
- Knowledge of cash equity markets and market microstructure
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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