The EM Rates Quantitative Trading team in New York is a dynamic team responsible for coordinating with the larger team to determine the desk's profitability. This team covers a wide range of responsibilities, including designing, trading, and execution strategies across EM Rates products — Bonds, Interest Rate Swaps (IRS), FX Swaps, and Repo on Government Bonds.
Job SummaryAs an Analyst or Associate within Quantitative Trading & Research (QTR) EM Rates Quantitative Trading team, you will work as part of the QTR front-office team on the trading floor in Sao Paulo or New York. Given the dynamic nature of the environment, this role is tailored for an individual who is responsible, independent, and able to work in smooth coordination with the larger team to determine the desk's profitability. You will get a chance to cover a wide range of responsibilities, including designing trading and execution strategies for EM Rates products (Bonds, IRS, FX Swaps, and Repo Government Bonds); researching micro-patterns and trends; building, maintaining, and upgrading applications and tools; and supporting day-to-day operations.
Job Responsibilities- Create, modify, and implement algorithmic orders to execute EM Rates products—Bonds, IRS, FX Swaps, and Repo Government Bonds—for clients and internal manual traders.
- Work closely with Technology to develop scalable, low-latency infrastructure that meets business needs.
- Leverage internal and non-public sources of liquidity to optimize electronic price discovery and hedging across EM Rates instruments.
- Review, monitor, and track daily P&L from electronic market-making activity.
- Contribute to the design and enhancement of electronic market-making trading systems across Bonds, IRS, FX Swaps, and Repo Government Bonds.
- Perform statistical analysis of algorithmic order execution for internal use and to drive iterative improvements.
- Understand and consistently follow the firm’s approach and policies for managing risk in the EM Rates business, as well as applicable legal and regulatory requirements.
- Demonstrate a strong interest in market microstructure and quantitative trading, with particular relevance to EM Rates products (Bonds, IRS, FX Swaps, and Repo Government Bonds).
- Strong design and programming skills are essential, with a primary focus on object-oriented programming languages (C++, Java, C#, etc.) and Python.
- Apply agile development practices within a front-office trading environment and exhibit excellent verbal and written communication skills, as the position involves frequent interaction with different teams across the firm, including many non-technical users.
- Think strategically and creatively when faced with problems and opportunities, eagerly seeking new ways of doing things and understanding the benefits of leveraging the firm's scale.
- Understanding of different types of risk and the ability to discuss in detail ways of managing those risks within EM Rates markets is required.
- Ability to communicate concepts and ideas, both verbally and via documentation, and defend their validity while tailoring messages to different audiences.
Preferred Qualifications, Capabilities, and Skills
- A degree in Engineering, Mathematics, Physics, Computer Science, or an equivalent discipline
- Direct experience with agile software methodologies.
- Experience in macro markets, particularly EM Rates products such as Bonds, IRS, FX Swaps, and Repo on Government Bonds.
- General trading concepts and terminology, is strongly preferred, as is experience working with electronic venues relevant to these products.
- Demonstrated proficiency with AI-assisted coding tools (e.g., Copilot-style code generation and completion assistants)
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
- Strong interest in market microstructure and quantitative trading, particularly EM Rates products
- Strong design and programming skills using object-oriented languages such as C++, Java, or C#, and Python
- Ability to apply agile development practices in a front-office trading environment
- Excellent verbal and written communication skills
- Strategic and creative problem-solving ability
- Understanding of risk types and risk management in EM Rates markets
- Ability to communicate and document concepts and defend their validity for different audiences
- Degree in Engineering, Mathematics, Physics, Computer Science, or equivalent discipline
- Direct experience with agile software methodologies
- Experience in macro markets, especially EM Rates products
- Knowledge of trading concepts, terminology, and relevant electronic venues
- Proficiency with AI-assisted coding tools
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 coverage and wellness resources, including mental-health support and wellness incentives, are described as comprehensive and accessible; feedback suggests income-based contributions help keep care affordable.
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Retirement Support — A dollar-for-dollar 401(k) match up to 5% of eligible pay, plus additional employer contributions in some cases, is highlighted as a strong pillar of financial security. Feedback suggests this structure is a notable advantage of the total rewards package.
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Parental & Family Support — Up to 16 weeks of paid parental leave for all parents, along with fertility, adoption, surrogacy, childcare, and family-support resources, signals a family-forward approach. Feedback suggests these programs are a standout feature of the package.
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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