DESCRIPTION:

Duties: Develop statistical models and tools to support pricing and risk management of hedge fund client portfolios optimizing the trading desk P&Ls and balance sheet consumptions. Build analytical models and tools to extract signals off Prime client positioning and trading data. Formulate business problems in mathematical terms so that they can be solved by mathematical and statistical models. Apply machine learning techniques to run large-scale data analysis to test hypotheses and extract important business insights. Conduct deep dives into client portfolios to assess exposures to common equity risk drivers and then present results to front desk and prime risk team in order to influence the margin requirements parameterization and rebalancing conversation with clients. Work with equity finance trading desks to understand business objectives and their issues. Assist with forecasting future events which trading desks will embed into their trading strategies. Participate in large scale optimizations to help the business enhance desk workflow and decision-making speed. Program models in the firm’s production developer environment. Engage tech partners to deploy the models to traders’ desktops.

QUALIFICATIONS:

Minimum education and experience required: Master's Degree in Financial Engineering, Operations Research, Statistics, Mathematics, Computer Science, or related field of study plus 3 years of experience in the job offered or in Quantitative Research, Quantitative Strategy, or related occupation. Experience can be gained through professional work experience or internships.

Skills Required: Requires experience in the following: Python, R, Matlab, or C++; machine learning packages including Sklearn and statsmodel; databases with SQL or KDB; Latex; time series analysis; stochastic processes; probability theory; financial derivatives; and Monte Carlo simulation. Experience in skills can be gained during attainment of graduate degree, professional work experience, or internships.

Job Location: 383 Madison Ave., New York, NY 10179

Full-Time. Salary: $205,000.00-$275,000.00 per year.

ABOUT US

JPMorgan Chase & Co., one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world’s most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.

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. In accordance with applicable law, we make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as any mental health or physical disability needs.

The health and safety of our colleagues, candidates, clients and communities has been a top priority in light of the COVID-19 pandemic. JPMorgan Chase was awarded the “WELL Health-Safety Rating” for all of our 6,200 locations globally based on our operational policies, maintenance protocols, stakeholder engagement and emergency plans to address a post-COVID-19 environment.

As a part of our commitment to health and safety, we have implemented various COVID-related health and safety requirements for our workforce. Employees are expected to follow the Firm’s current COVID-19 or other infectious disease health and safety requirements, including local requirements. Requirements include sharing information including your vaccine card in the firm’s vaccine record tool, and may include mask wearing. Requirements may change in the future with the evolving public health landscape. JPMorgan Chase will consider accommodation requests as required by applicable law.

We offer a competitive total rewards package including base salary determined based on the role, experience, skill set, and location. For those in eligible roles, discretionary incentive compensation which may be 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.

Equal Opportunity Employer/Disability/Veterans

ABOUT THE TEAM

The Corporate & Investment Bank is a global leader across investment banking, wholesale payments, markets and securities services. The world’s most important corporations, governments and institutions entrust us with their business in more than 100 countries. We provide strategic advice, raise capital, manage risk and extend liquidity in markets around the world.