Quantitative Research

Job Description
DESCRIPTION:
Duties: Apply stochastic process, finite difference and Monte-Carlo methods, probability theory and other quantitative methods to design, implement and maintain quantitative models for the pricing, hedging and risk management of equity derivatives products. Design efficient numerical algorithms and implement high performance computing solutions. Implement risk measurement and valuation models in trading software and systems. Explain model behavior to traders and help them use quantitative tools. Identify major sources of risk in portfolios. Conduct scenario analyses and provide back test and analysis in trading strategies. Support equity exotics trading desk on day-to-day risk decomposition and P&L explanation. Resolve pricing failures and booking issues. Approve new financial products and maintain existing products in partnership with the Model Risk Governance and Review Group, the Valuation Control Group and the Market Risk Group.
QUALIFICATIONS:
Minimum education and experience required: Master's degree in Mathematics, Data Science, Statistics, or related field of study plus 1 years of experience in the job offered or as a Quantitative Research, Associate, or related occupation.
Skills Required: Requires experience in the following: Quant supporting equity; probability theory; stochastic calculus; numerical analysis; using wide range of mathematical techniques for the purpose of option pricing and data analytics; equity derivatives space including valuation and modeling of equity exotic products; Python; C++; Trading and Structuring Control groups.
Job Location: 383 Madison Avenue, New York, NY 10179. Telecommuting permitted up to 20% of the week.
Full-Time. Salary: $200,000 - $285,000 per year
About Us
JPMorganChase, 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 & Co. is an Equal Opportunity Employer, including Disability/Veterans
About the Team
J.P. Morgan's Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.