At a Glance
- Tasks: Develop cutting-edge analytics for credit portfolios using advanced numerical techniques.
- Company: Join a leading investment bank with a focus on innovation and data-driven solutions.
- Benefits: Competitive salary, professional development, and opportunities to work with top-tier professionals.
- Other info: Collaborate with traders and risk managers to deliver impactful analytical solutions.
- Why this job: Transform the investment banking landscape with AI and machine learning in a dynamic environment.
- Qualifications: Degree in a quantitative field and strong programming skills, especially in Python.
The predicted salary is between 50000 - 70000 £ per year.
Quantitative Trading & Research (QTR) is an expert quantitative modelling group that partners with traders, marketers and risk managers across products and regions, promoting client interaction, product innovation, valuation and risk management, inventory and portfolio optimization, electronic trading and market making, and financial risk controls. We are seeking an Associate and Vice President to join our QTR team in London, where you will develop analytics for the Credit Portfolio Group (CPG) within the Markets division of the Commercial and Investment Bank. CPG manages the firm’s credit and funding valuation adjustments (CVA and FVA), which are critical to the bank’s risk management and pricing strategies, and develops and maintains a large-scale Monte-Carlo engine using advanced numerical and computational techniques, including Adjoint Analytic Differentiation (AAD). As an Associate and Vice President in the Quantitative Trading & Research – Credit Portfolio team, you will contribute to our agenda to transform the investment bank into a data-promoting business, promoting change through state-of-the-art AI and machine learning techniques.
Job Responsibilities:
- Design, develop, and enhance our large-scale Monte Carlo simulation engine used for computing Credit Valuation Adjustment (CVA) and Funding Valuation Adjustment (FVA) across the firm's derivatives portfolio.
- Implement advanced numerical techniques to further improve computational efficiency and accuracy of risk sensitivities.
- Contribute to the firm's strategic agenda of transforming the investment bank into a data-driven business through the development of scalable, high-performance analytical tools and infrastructure.
- Collaborate with technology teams, ensuring robustness, performance, and maintainability of code in a large-scale production environment.
- Partner closely with traders, marketers, and risk managers across all products and regions to deliver analytical solutions that meet business needs.
- Contribute to best practices in quantitative research, software development, and analytical rigor across the team.
Required qualifications, capabilities, and skills:
- Experience within a quantitative role in finance.
- Degree in a quantitative field such as Computer Science, Engineering, Mathematics, or Physics.
- Demonstrate strong programming skills, particularly in Python, with exposure to the development of large-scale, production-grade systems and a willingness to learn and apply best coding practices.
- Ability to contribute to technical projects from conception through delivery, including architecture decisions and stakeholder management.
- Support robust system and solution architecture, contributing to rigorous testing, verification, and adherence to best practices in design and implementation.
- Solid software engineering, algorithm design, and development skills with a commitment to robust testing, verification, and code quality standards.
- Strong communication and influencing skills, both verbal and written, with the ability to engage partners and stakeholders on complex and technical topics with clarity.
Preferred qualifications, capabilities, and skills:
- Advanced degree (e.g. PhD) in Engineering, Mathematics, Physics or Computer Science.
- Markets experience and familiarity with general trading concepts and terminology.
- Knowledge of options pricing theory, trading algorithms or financial regulations.
- Experience with robust testing and verification practices.
Quantitative Trading & Research – Credit Portfolio – Associate or Vice President in London employer: JPMorganChase
JPMorganChase is an exceptional employer, offering a dynamic work environment in Greater London where innovation thrives. With a strong commitment to diversity and inclusion, employees benefit from collaborative agile teams, extensive professional development opportunities, and the chance to work on cutting-edge technology products that shape the future of finance. Join us to be part of a culture that values your contributions and supports your growth.
StudySmarter Expert Advice🤫
We think this is how you could land Quantitative Trading & Research – Credit Portfolio – Associate or Vice President in London
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We think you need these skills to ace Quantitative Trading & Research – Credit Portfolio – Associate or Vice President in London
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to JPMorganChase.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on JPMorganChase's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at JPMorganChase
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with JPMorganChase.
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Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at JPMorganChase will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former JPMorganChase employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
