Quantitative Research (QR) Market Risk is an expert quantitative modeling group in J.P. Morgan, as well as a leader in financial engineering, data analytics, statistical modeling and portfolio management. As a global team, QR partners with traders, marketers and risk managers across all products and regions, contributes to sales and client interaction, product innovation, valuation and risk management, inventory and portfolio optimization, electronic trading and market making, and appropriate financial risk controls.
Opportunity
The Credit Trading and Structured Products team of Market Risk Quantitative Research (MRQR) is seeking a hands-on quantitative modeler, based in NYC, who is experienced in specifying and implementing enterprise-level pricing and risk management systems. The primary duty for this position will be to develop Value-at-risk (VaR) models and infrastructure for market risk management and regulatory capital for the Credit Trading and Structured Products businesses under existing and forthcoming (FRTB) regulatory capital regimes. Our team partners closely with internal risk managers, finance professionals, trading desk personnel, and model validation to deliver innovative, industry-leading risk management solutions.
In addition, we are providing on job training, intensive internal classroom training, and online courses, all given by our experienced quants. Through the diversity of the businesses it supports and the variety of functions that it is responsible for, Quantitative Research group provides unique growth opportunities for you to develop your abilities and your career.
We make reasonable accommodations for applicants™ and employees™ religious practices and beliefs, as well as any mental and physical health needs or particular family considerations.
If you are passionate, curious and ready to make an impact, we are looking for you.
Your Impact
You will contribute to the firm™s product innovation, effective risk management, and financial risk controls. Specifically, you will have the opportunity to:
Specify and implement mathematical models for Value at Risk (VaR) and Stress testing for Credit Trading and Structured Products portfolios
Conduct statistical analysis on risk factor properties and devise tests to evaluate model performance
Design software for the market risk analytics platform
Maintain model documentation and liaise with Model Risk Governance & Review in model validation matters
Explain model behavior to Risk managers, Trading desk personnel, and Regulators
About You
You have an excellent quantitative foundation and strong problem-solving skills
You have a firm command of the mathematics used in financial modeling, such as probability theory, time series analysis, and statistics
You have a research-oriented mindset and are comfortable consulting academic literature for guidance in solving day-to-day problems
You have strong computer programming skills and are proficient in code design, with a particular focus on Python and Java
You have experience handling big datasets and are familiar with tools for data analysis and visualization in Python (e.g., pandas, scipy, sklearn, Jupyter)
You have excellent communication skills, both verbal and written, and are able to tailor your presentation to audiences with technical and non-technical backgrounds alike
You are naturally curious about the world of finance, and are enthusiastic about sharing your knowledge and collaborating within our team
Desirables
Advanced degree (PhD, MSc or equivalent) in Engineering, Mathematics, Physics, Finance, Computer Science or similar field.
Work experience of 1-5 years in a quantitative field or relevant academic research experience. Knowledge of Fixed Income markets, especially Credit instruments, is a plus, but not a strict requirement.
Excellent analytical and problem-solving skills
Clarity in verbal and written communications
Beyond that, we are interested in the things that make you unique: personal qualities, outside interests and achievements beyond academia and profession that demonstrate the kind of person you are and the differences you could bring to the team.
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.
Equal Opportunity Employer/Disability/Veterans.
Keyword: consumer%20banking
Quantitative Research (QR) Market Risk is an expert quantitative modeling group in J.P. Morgan, as well as a leader in financial engineering, data analytics, statistical modeling and portfolio management. As a global team, QR partners with traders, marketers and risk managers across all products and regions, contributes to sales and client interaction, product innovation, valuation and risk management, inventory and portfolio optimization, electronic trading and market making, and appropriate financial risk controls.
Opportunity
The Credit Trading and Structured Products team of Market Risk Quantitative Research (MRQR) is seeking a hands-on quantitative modeler, based in NYC, who is experienced in specifying and implementing enterprise-level pricing and risk management systems. The primary duty for this position will be to develop Value-at-risk (VaR) models and infrastructure for market risk management and regulatory capital for the Credit Trading and Structured Products businesses under existing and forthcoming (FRTB) regulatory capital regimes. Our team partners closely with internal risk managers, finance professionals, trading desk personnel, and model validation to deliver innovative, industry-leading risk management solutions.
In addition, we are providing on job training, intensive internal classroom training, and online courses, all given by our experienced quants. Through the diversity of the businesses it supports and the variety of functions that it is responsible for, Quantitative Research group provides unique growth opportunities for you to develop your abilities and your career.
We make reasonable accommodations for applicants™ and employees™ religious practices and beliefs, as well as any mental and physical health needs or particular family considerations.
If you are passionate, curious and ready to make an impact, we are looking for you.
Your Impact
You will contribute to the firm™s product innovation, effective risk management, and financial risk controls. Specifically, you will have the opportunity to:
Specify and implement mathematical models for Value at Risk (VaR) and Stress testing for Credit Trading and Structured Products portfolios
Conduct statistical analysis on risk factor properties and devise tests to evaluate model performance
Design software for the market risk analytics platform
Maintain model documentation and liaise with Model Risk Governance & Review in model validation matters
Explain model behavior to Risk managers, Trading desk personnel, and Regulators
About You
You have an excellent quantitative foundation and strong problem-solving skills
You have a firm command of the mathematics used in financial modeling, such as probability theory, time series analysis, and statistics
You have a research-oriented mindset and are comfortable consulting academic literature for guidance in solving day-to-day problems
You have strong computer programming skills and are proficient in code design, with a particular focus on Python and Java
You have experience handling big datasets and are familiar with tools for data analysis and visualization in Python (e.g., pandas, scipy, sklearn, Jupyter)
You have excellent communication skills, both verbal and written, and are able to tailor your presentation to audiences with technical and non-technical backgrounds alike
You are naturally curious about the world of finance, and are enthusiastic about sharing your knowledge and collaborating within our team
Desirables
Advanced degree (PhD, MSc or equivalent) in Engineering, Mathematics, Physics, Finance, Computer Science or similar field.
Work experience of 1-5 years in a quantitative field or relevant academic research experience. Knowledge of Fixed Income markets, especially Credit instruments, is a plus, but not a strict requirement.
Excellent analytical and problem-solving skills
Clarity in verbal and written communications
Beyond that, we are interested in the things that make you unique: personal qualities, outside interests and achievements beyond academia and profession that demonstrate the kind of person you are and the differences you could bring to the team.
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.
Equal Opportunity Employer/Disability/Veterans.
Keyword: consumer%20banking
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 œWELL 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.
Equal Opportunity Employer/Disability/Veterans
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.
Risk Management helps the firm understand, manage and anticipate risks in a constantly changing environment. The work covers areas such as evaluating country-specific risk, understanding regulatory changes and determining credit worthiness. Risk Management provides independent oversight and maintains an effective control environment.
