CIB QR – Quantitative Research – Rates - Associate

Location:Greater London
Job Type:Full Time
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Job Summary:

We are seeking a person to join the JP Morgan Quantitative Research team focused on Interest Rates modelling. Relevant education would be in the area of Financial Mathematics, with focus on IR and programming. We expect the person to share in a balanced mixture of responsibilities, including model research and development, model documentation, pricing and risk investigation, product-specific analysis, software development and discussions with the trading desk.

Core Responsibilities:
  • Develop models and implement them in C++ and python for pricing and risk managing derivatives.
  • Rapid prototyping of models and products; benchmark and compare results of various techniques.
  • Explain model behaviour 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.


Qualifications

Essential skills, experience and qualifications:

  • Strong software development, C++ and python skills.
  • Strong analytical and problem solving abilities
  • Excellence in probability theory, stochastic processes, partial differential equations, and numerical analysis
  • Good communication skills, both oral and written
  • PhD or equivalent degree from top tier schools/programs in Mathematics, Mathematical Finance, Physics or Engineering.


Desirable skills / experience:

  • Python; knowledge of financial products

About J.P. Morgan’s Corporate & Investment Bank:

J.P. Morgan’s Corporate & Investment Bank is a global leader across banking, markets and investor services. The world’s most important corporations, governments and institutions entrust us with their business in more than 100 countries. With $18 trillion of assets under custody and $393 billion in deposits, the Corporate & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world. Further information about J.P. Morgan is available at www.jpmorgan.com.

JPMorgan Chase & Co. offers an exceptional benefits program and a highly competitive compensation package. JPMorgan Chase & Co. is an Equal Opportunity Employer and a member of the UK Government’s Disability Confident Scheme.