About J.P. Morgan
J.P. Morgan is a leader in financial services, working in collaboration across the globe to deliver the best solutions and advice to meet our clients’ needs, anywhere in the world. We operate in 150 countries, and hold leadership positions across our businesses. We have an exceptional team of employees who work hard to do the right thing for our clients and the firm, every day. This is why we are the most respected financial institution in the world – and why we can offer you an outstanding career.
Our business
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 CLOs, high grade bonds/CDS, high yield bonds/CDS, distressed bonds, indices, options, correlation products, and more exotic structures. The Securitized Products Group (“SPG”) engages in origination, syndicate, sales & trading, financing, and principal investments activities. Asset classes include: mortgage-backed securities (commercial, residential, agency and non-agency), mortgage loans, consumer asset-backed securities and receivables (auto, credit card, student, equipment loans).
Our SPG QR team
The Credit and SPG QR team is responsible for developing and maintaining models for valuation, risk, P&L 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, implementation of model libraries, to final integration into risk and P&L systems.
Opportunity
The opportunity is to join our London team to support European and Asian structured products, including model development, maintenance, evaluation, and integration into risk and P&L infrastructure for the SPG business. The global team also focuses on US commercial mortgages and securities (CMBS) as well as collateralized loan obligations (CLO), and there is an opportunity to collaborate in all areas. Both junior and more experienced candidates will be considered.
Key responsibilities include
- Develop, maintain, and enhance models for the SPG business, as well as for other parts of our mortgage businesses such as CIO and Mortgage Banking.
- Document models to pass strict regulatory and in-house standards maintained by model review groups.
- Model performance tracking and regulatory analysis.
- Work closely with technology on integration of models in applications.
- Develop and deliver quantitative tools and supporting analytics.
- Support trading activities by explaining model and algorithm behavior, carrying out scenario analysis
Qualifications
We are seeking candidates to fill a modeling role in the QR Securitized Product Group modeling team. A successful candidate needs to demonstrate their ability to solve complicated modeling problems. A Ph.D. or Master’s degree in mathematics, physics, finance or other quantitative field is desired.
Essential skills:
- Strong mathematical, statistical, and financial modeling skills.
- C/C++ and Python coding.
- Applying Machine Learning algorithms.
- Ability to work in a high-pressure environment and a good team player.
- Excellent communication and writing skills.
- Understanding of structured product markets (ABS/CMBS/RMBS/CLO) is a plus.
