Quantitative Research – Credit Treasury & Investment - Analyst

Our Credit Quantitative Research team is searching for a Quant to support the firm’s Treasury and Chief Investment Office (CIO) globally business.

The Credit team is responsible for developing and maintaining models for valuation, risk, PL 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, ensuring compliance with internal policies and industry regulations, implementation of model in library, to integration into risk and PL systems.

Job summary:

As a Quantitative Research Associate in our New York Credit QR team, you will you have the opportunity to join our New York Credit QR team, with a focus on Treasury and Chief Investment Office coverage. This involves adapting and creating pricing models and infrastructure for municipal bonds and corporate bonds. Your new role will span across all aspects of QR coverage, from the mathematical modelling to the development of model evaluation platforms in our risk system.

Job responsibilities:

• Developing and improving models for the pricing and risk management of corporate bonds, municipal bonds and related derivatives and inter-company transactions
• Writing model documentation compliant with internal and regulatory standards
• Working with model control teams to facilitate timely and efficient review and approval of models
• Liaising with business functions as well as other quantitative research and control teams
• Explaining model behavior, carrying out scenario analyses, developing and delivering quantitative tools, and supporting analytics

Required qualifications, capabilities, and skills:

• An advanced degree in math, statistics, physics, financial engineering, computer science or other quantitative fields
• Exceptional analytical, quantitative and problem-solving skills
• Excellent written and oral communication and interpersonal skills
• Strong software design and development skills, preferably with some C++ and Python knowledge and experience
• Pro-active attitude - you should have a natural interest to learn about our business, models, and infrastructure

Preferred qualifications, capabilities, and skills:

• Knowledge of fixed income markets, in particular credit products and models, is a plus, but is not a strict requirement
• Ability to work in a high-pressure environment
• Prior knowledge of quantitative modeling and risk neutral pricing is a plus
• Attention to detail and focus on quality of deliverables
• Graduate/post-graduate from a premier college or institute. A computer science or mathematics background will be most suitable
• Prior experience and knowledge with option pricing theory, in particular Bermudan/American option, swaption, callable bond is a plus
• Pro-active attitude - you should have a natural interest to learn about our business, models, and infrastructure

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 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 a