The FX Quantitative Trading desk in New York is a dynamic team which focuses on principal systematic market making in spot FX.
Job summary:
As a Analyst or Associate within Quantitative Trading & Research (QTR) FX Quantitative Trading team, you will work as part of the QTR front-office team on the trading floor in 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, these include designing trading and execution strategies; researching micro-patterns and trends; building, maintaining and upgrading applications & tools.
Job responsibilities:
- Build and maintain pricing, skewing, and hedging logic as well as the research tooling that calibrates it.
- Work closely with technology to develop cutting edge low latency infrastructure that meets business needs in a scalable manner.
- Intelligently utilize internal and non-public sources of data to improve pricing quality and risk management.
- Work with market tick data at scale - querying and managing historical data, building backtest pipelines, and parallelizing batch jobs for reporting across many currency pairs.
- Perform statistical analysis of portfolio performance to drive iterative improvements.
- Understands firm's approach and policies for managing risks in relevant business and applicable legal and regulatory rules, and follows policies
Required qualifications, capabilities, and skills:
- Degree in Engineering, Mathematics, Physics, or Computer Science
- Strong background in quantitative and statistical analysis (probability, regression modeling, time-series analysis, estimation and calibration)
- Apply sound engineering judgment in programming, with a primary focus on object-oriented programming languages (Java/C++ etc.) and Python.
- Exhibit excellent verbal and written communication skills, as this position involves frequent interaction with different teams in the firm and many non-technical users.
Think strategically and creatively when faced with problems and opportunities. Eagerly look for new ways of doing things and understand the benefits of leveraging the firm’s scale.
Preferred qualifications, capabilities, and skills:
- Experience with kdb+/q and working with large data.
- Prior experience in FX, rates, or commodities electronic trading.
- Familiarity with low-latency/real-time systems and market microstructure.
- Experience of working with electronic trading venues.
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
- Interest in market microstructure and quantitative trading
- Design and programming skills in object-oriented languages (C++, Java, C#, etc.) and Python
- Interest in applying agile development practices in a front-office trading environment
- Excellent verbal and written communication skills
- Strategic and creative problem-solving mindset
- Understanding of different types of risk and how to manage them
- Ability to communicate technical concepts and produce documentation for varied audiences
- Degree in Engineering, Mathematics, Physics, Computer Science or equivalent
- Direct experience with agile software methodologies
- Macro markets experience and general trading concepts/terminology
- Experience working with electronic trading venues
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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