The Quantitative Trading & Research Team (QTR) Equity Derivatives group seeks a junior to mid-level quantitative researcher to focus on flow products. The role centers on driving and implementing analytics, optimization, and modeling across volatility trading, encompassing volatility surface calibration, client analytics, and pre-trade/post-trade analysis and hedging optimization.
Job Summary:
As a Vice President for the Quantitative Trading & Research Team, you will leverage data and advanced quantitative techniques, including machine learning, to build end-to-end solutions that directly support the business.
Job Responsibilities:
- Partner with the Equity Derivatives Flow trading desk to build analytics and develop, enhance, and maintain pricing and risk models for flow products.
- Lead research and implementation of volatility trading analytics, with a focus on volatility surface calibration and modeling.
- Design and deliver client analytics tools, including pre-trade and post-trade analysis and hedging optimization frameworks.
- Take an active role in shaping a data-driven ecosystem for trading and risk management.
- Own the full project lifecycle — from ideation and prototyping to production deployment — developing analytics to manage client flow and risk inventory, supporting daily operations, and monitoring performance.
- Work closely with traders to translate quantitative research into clear, actionable insights and solutions.
Required Qualifications:
- Advanced degree (Master's or Ph.D.) in a quantitative discipline (Mathematics, Physics, Engineering, Computer Science, Financial Engineering, or related field) from a top-tier university.
- 1–3 years of experience in equity modeling, with a preference for equity derivatives.
- Strong foundation in stochastic calculus, probability theory, and numerical methods.
- Deep knowledge of option theory and equity derivatives products and markets.
- Proficiency in Python, C++, and relevant numerical computing packages.
- Demonstrated experience with quantitative research techniques, data analysis, and machine learning.
- Strong communication skills with the ability to engage effectively with trading and deliver production-ready solutions.
Preferred Skills:
- Experience analyzing market data and applying insights to derivatives trading strategies.
- Familiarity with risk management frameworks and relevant regulatory requirements.
- Prior exposure to a front-office quantitative research or trading environment.
- Proven ability to embed LLM-driven tools into quantitative research pipelines — whether for automating analysis, accelerating model development, or extracting insights from unstructured financial data.
- Self-motivated and intellectually independent, with a track record of identifying research opportunities, taking ownership of open-ended problems, and delivering results with minimal oversight.
- Curious and rigorous analytical thinker who challenges conventional assumptions, synthesizes ideas across domains, and translates original research into practical, high-impact trading tools.
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 or Ph.D. in mathematics, physics, engineering, computer science, financial engineering, or a related quantitative discipline from a top-tier university
- 1-3 years of experience in equity modeling, preferably equity derivatives
- Strong foundation in stochastic calculus, probability theory, and numerical methods
- Deep knowledge of option theory and equity derivatives products and markets
- Proficiency in Python, C++, and relevant numerical computing packages
- Experience with quantitative research techniques, data analysis, and machine learning
- Strong communication skills and ability to work effectively with trading teams
- Experience analyzing market data and applying insights to derivatives trading strategies
- Familiarity with risk management frameworks and relevant regulatory requirements
- Prior exposure to a front-office quantitative research or trading environment
- Experience embedding LLM-driven tools into quantitative research pipelines
- Self-motivated, intellectually independent, and able to deliver results with minimal oversight
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.
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