Job Description:
The Energy Quantitative Research team, part of the Quantitative Trading and Research organization, develops the valuation models, analytical tools, and risk infrastructure that underpins the global energy trading business. We partner closely with Trading, Structuring, Sales, and Technology to price complex products, manage risk, and accelerate commercial innovation.
Job summary:
As a Vice President in the Energy Quantitative Research team in New York, you will be supporting the global energy trading business, with an initial focus on North American gas and global oil.
Working closely with the trading desk as part of a front office-aligned quant team, you will use your advanced analytical skills and commercial mindset to help drive the growth of the business and the development of new products. You will have the opportunity to own high impact models end to end, from the initial research and design to the production implementation and ongoing enhancement.
Job responsibilities:
- Develop pricing and risk models for vanilla and structured products, including model development, production implementation, testing, governance and documentation
- Partner with Trading and Sales to develop new commercial opportunities
- Develop analytical tools for use by front office teams (pricing, model calibration, strategy backtesting etc)
- Provide quantitative analysis and support to front office teams and control functions
- Lead projects, manage priorities and take responsibility for results, partnering with other teams to deliver on cross-functional projects
- Provide technical support and guidance around the use of the models and tools developed by the team
Required qualifications, capabilities, and skills:
- Advanced degree (master’s or PhD) in a quantitative field, or equivalent experience
- Deep understanding of the mathematical and numerical techniques used in valuation models, including stochastic calculus, probability theory, optimization, Monte Carlo methods etc
- Strong programming skills and knowledge of multiple languages (preferably including python and C++), with the ability to efficiently implement production quality models
- Commercially focused with excellent communication skills, and an ability to understand and anticipate desk needs and translate them into tangible deliverables
Preferred qualifications, capabilities, and skills:
- Familiarity with energy and commodities markets, and the financial and physical products traded
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
- Advanced degree (Master's or PhD) in a quantitative field or equivalent experience
- Deep understanding of mathematical and numerical techniques (stochastic calculus, probability theory, optimization, Monte Carlo methods)
- Strong programming skills and knowledge of multiple languages, preferably including Python and C++
- Ability to efficiently implement production-quality models and perform production implementation, testing, and governance
- Commercially focused with excellent communication skills and ability to translate desk needs into deliverables
- Experience working closely with trading desks/front-office and providing quantitative support to trading and control functions
- Leadership and project management experience to lead cross-functional projects and manage priorities
- Familiarity with energy and commodities markets and traded financial and physical products
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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