Quantitative Research – Rates Options – Analyst or Associate

Greater London
Full time
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JP Morgan
Banking, investment & finance
10,001+ employees
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If you are passionate, curious and ready to make an impact, we are looking for you.

Job summary

As a Quantitative Research Analyst or Associate in – Rates Options team, you will work closely with Interest Rates Flow Option trading desks to develop statistical arbitrage strategies and other quantitative trading models. Our team’s mission is to develop and maintain sophisticated mathematical models, cutting-edge methodologies and infrastructure to value and hedge financial transactions, as well as improve the performance of algorithmic trading strategies and promote advanced electronic solutions to our clients worldwide.

Job Responsibilities

  • Develop and enhance prices and implement them in C++/Python for pricing and risk managing derivatives
  • Prototype of models and products; benchmark and compare results of various techniques
  • Explain model behavior and predictions to traders and controllers, identify major sources of risk in portfolios, carry out scenario analysis, provide guidance/debug analytics
  • Write well-formulated documents of model specification and implementation testing

Required qualifications, capabilities, and skills

  • You thrive in a fast-paced environment of real-time Market pressures and easily remain focused on client needs
  • You demonstrate quantitative and problem-solving skills as well as research skills; excellence in probability theory and numerical analysis
  • You demonstrate proficiency in code design and programming skills, with primary focus on Python and C++
  • You quickly grasp business concepts outside immediate area of expertise and adapt to rapidly changing business needs
  • Your excellent communication skills, both verbal and written, can engage and influence partners and stakeholders
  • You are good at communicating concepts and ideas, also via documentation, and you are keen to defend their validity and tailor messages to different audiences
  • You are enthusiastic about knowledge sharing and collaboration
  • You think strategically and creatively when faced with problems and opportunities
  • You always look for new ways of doing things

Preferred qualifications, capabilities, and skills

  • You have Masters (or equivalent) degree in Engineering, Mathematics, Physics, or Computer Science
  • You have relevant academic research publications
  • You demonstrate knowledge of interest rate products