Job Description
DESCRIPTION:
Duties: Build the Quant platform for the SPG (Securitized Product Group) Business. Develop, deploy, and support production code for SPG models in the firm's systems. Research and develop analytics used for pricing, risk management, market-making and capital optimization. Work with the Trading Desk, Market Risk and Product Control, and other teams, explaining model behavior, carrying out scenario analyses, developing and delivering business intelligence tools, and supporting analytics. Work with Technology on ongoing improvements to the existing infrastructure, and liaise with business stakeholders on roll-out of new analytics.
QUALIFICATIONS:
Minimum education and experience required: PhD in Economics, Mathematics, Quantitative Finance, Financial Mathematics, or related field of study plus three (3) years of experience in the job offered or as Quantitative Research, Model Governance, Quantitative Model Development, Model Review, or related occupation. The employer will alternatively accept a Master's degree in Economics, Mathematics, Quantitative Finance, Financial Mathematics, or related field of study plus five (5) years of experience in the job offered or as Quantitative Research, Model Governance, Quantitative Model Development, Model Review, or related occupation.
Skills Required: Requires experience in the following: Object-Oriented design in Python; C++ programming; SDLC; Mortgage-Backed Securities and Asset-Backed Securities; Prepayment & Default models; Stochastic processes; Probability theory; Financial derivatives; Numerical methods; Machine learning; Applied time series; Statistical forecasting models.
Job Location: 383 Madison Ave, New York, NY 10179
Full-Time. Salary: $205,000.00-$285,000.00 per year.
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 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 accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
JPMorgan Chase is an Equal Opportunity Employer, including Disability/Veterans
About the Team
The Corporate & Investment Bank is a global leader across investment banking, wholesale payments, markets and securities services. The world's most important corporations, governments and institutions entrust us with their business in more than 100 countries. We provide strategic advice, raise capital, manage risk and extend liquidity in markets around the world.