Quantitative Research

Job Description
DESCRIPTION:
Duties: Develop mathematical and statistical models for Prime desks to enhance business revenue and profitability for stock-borrow, cash and synthetic financing trading desks. Devise model-based trading solutions to increase automation and automatically adapt to changing market dynamics. Create optimization models and implement them to improve inventory and collateral management while meeting regulatory and binding constraints. Adapt quantitative models to different asset types and classes. Provide day-to-day on-demand desk support, including making enhancements to quantitative models and reports, providing technical advice, and rectifying production issues. Generate forecasts of market conditions. Analyze and simulate risk of trading book, and to evaluate performance of quantitative research models. Formulate solutions for systematic book management, inventory management, and collateral management to reduce capital costs and risk weighted assets.
QUALIFICATIONS:
Minimum education and experience required: Master's degree in Financial Engineering, Mathematics, Computer Science or related field of study plus 4 years of experience in the job offered or as Quantitative Research, Equity Financing Associate, Quantitative Analyst, or related occupation. The employer will alternatively accept a PhD degree in Financial Engineering, Mathematics, Computer Science or related field of study plus 2 years of experience in the job offered or as Quantitative Research, Equity Financing Associate, Quantitative Analyst, or related occupation.
Skills Required: Requires experience in the following: Employing linear and nonlinear optimization; Implementing solvers; Object-oriented programming using Python; Distributed processing using Python; Regulatory capital management; Securities lending quantitative research; Synthetic and cash prime brokerage inventory management; Interest rate risk pricing and reporting; Tri-party repo collateral optimization.
Job Location: 383 Madison Ave, New York, NY 10179. Telecommuting permitted up to 20% of the week.
Full-Time. Salary: $205,000 - $285,000 per year.
About Us
JPMorganChase, 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 offer a competitive total rewards package including base salary determined based on the role, experience, skill set, and location. For those in eligible roles, we offer discretionary incentive compensation which may be awarded in recognition of firm performance and 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
About the Team
J.P. Morgan's Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.