Market Risk QR - Associate

JP Morgan

Location: Greater London

Job Type: Full time

Last updated

Be brave, not perfect.
- Reshma Saujani

Market Risk QR - Associate - Credit

About Quantitative Research

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 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 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 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. Certifications like CFA, CQF and FRM would be a bonus.
  • 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

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