Quantitative Research - Credit - Associate

If you are passionate, curious, and ready to make an impact, we are looking for you.

J.P. Morgan has the leading Global Spread business in terms of volume traded, issuers traded and investor relationships. The Spread business covers Credit, SPG, and Public Finance Markets. J.P. Morgan Global Spread Trading offers first-class, highly integrated financial services to a global client base and provides financial assets and liquidity for banks, insurance companies, finance companies, mutual funds and hedge funds. Traders, salespeople and research analysts work collectively to generate ideas. The Credit business make secondary markets in high grade bonds/CDS, high yield bonds/CDS, distressed bonds, indices, options, correlation products, and more exotic structures.

We are looking for experienced Quant to join the Credit Quantitative Research team which will focus on covering the High Touch Credit business.

The Credit QR team is responsible for developing and maintaining models for valuation, risk, PL calculations, as well as quoting and market making algorithms and analysis tools for the Global Spread business. The responsibilities of the team span the full range from new model specification, going through model approval, ensuring compliance with internal policies and industry regulations, implementation of model in library, to integration into risk and PL systems

Job Responsibilities

• Writing model documentation compliant with internal and regulatory standards
• Develop and maintain our real-time pricing infrastructure for single name CDS and credit indices.
• Develop auxiliary analytics to highlight relative-value signals, measure liquidity and explain flows.
• Working with model control teams to facilitate timely and efficient review and approval of models
• Liaising with trading in EMEA (London and Paris), and especially with individual operators in order to ensure that their needs are properly captured in our book of work
• Ensure that all the ideas are documented, and either directly implement the solutions we propose or liaise with the broader team in order to achieve this

Required Qualifications, Capabilities, And Skills

The role will be operating in a very dynamic environment which can be occasionally undergo some pressure due to situations developing in the market. This role is also expected to interact a lot with other sub-teams within Credit QR.

• You demonstrate prior experience and knowledge of vanilla credit derivatives, index options and algo pricing techniques
• You bring a strong software design and data science skills, preferably with some C++ and Python knowledge and experience
• You demonstrate of a good knowledge of the credit or at least the fixed income business, a very structured mathematical approach to problem solving, as well as knowledge about the software development process
• An advanced degree in math, statistics, physics, financial engineering, computer science
• Excellent oral communication skills are required in our interaction with trading, technology, and control functions. Excellent written communication skills are required for meeting the high standards of the model documentation
• You bring prior knowledge of quantitative modeling and risk neutral pricing, you demonstrate an exceptional analytical, quantitative and problem-solving skills
• You demonstrate a pro-active attitude, should have a natural interest to learn about our business, models, and infrastructure, ability to work in a high-pressure environment and attention to detail and focus on quality of deliverable

Preferred Qualifications, Capabilities And Skills

• Team player attitude
• Knowledge of flow credit derivatives pricing
• A Ph.D. or equivalent in a numerate subject from a top academic institution is a plus, but not an absolute requirement

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

Base Pay/Salary

New York,NY $135,000.00 - $200,000.00 / year