At a Glance
- Tasks: Join a pioneering team to analyse high-frequency market data and develop innovative trading strategies.
- Company: Be part of a leading firm at the forefront of systematic trading innovation.
- Benefits: Competitive salary, flexible work options, and opportunities for professional growth.
- Other info: Collaborative environment with opportunities to lead and innovate in trading strategies.
- Why this job: Make a real impact in electronic trading with cutting-edge technology and research.
- Qualifications: Advanced degree in a quantitative field and experience in high-frequency trading.
The predicted salary is between 63000 - 77000 £ per year.
Description
Join a pioneering team at the forefront of systematic trading innovation.
The Quantitative Trading & Research (QTR) group is responsible for systematic trading across FX, Rates, Commodities, Credit, Equity and a wide range of markets.
Within QTR, AI Market Lab brings together quantitative research, modern artificial intelligence, market microstructure, and high-performance engineering to develop the next generation of electronic trading capabilities.
Our work spans signal research, pricing, market making, execution, portfolio construction, risk management, and the production systems that support them.
Job Summary
As a Quantitative Trading & Research – Market Microstructure Researcher in the AI Market Lab, you will frame problems, build measurement and simulation machinery, run careful ablation studies, and develop models/strategies that hold up across venues, regimes, and operational constraints.
The ideal candidate has worked close to live trading systems and can translate research insights into execution- and latency-aware designs.
This is a research-forward role.
We are seeking a quantitative researcher with deep expertise in market microstructure and high- to medium-to-high-frequency trading to drive research on how electronic markets behave at fine time scales—and how that structure can be converted into robust, deployable systematic strategies.
- Job Responsibilities
- Analyze high-frequency market data, including Level 2 and, where available, Level 3 or Level 4 order-book and order-event data, to identify predictive structure and trading opportunities.
- Develop alpha signals and trading features based on order flow, liquidity, queue dynamics, price formation, cross-venue behavior, and short-horizon market response.
- Design, backtest, and implement market-making and risk-taking strategies, including pricing, order placement, cancellation, queue-position management, fill-probability estimation, and inventory control.
- Develop realistic research and simulation methodologies incorporating latency, fees, rebates, market impact, adverse selection, and operational constraints.
- Optimize strategy performance across signal generation, portfolio or position sizing, execution, and intraday risk management.
- Work closely with traders, quantitative developers, technology partners, exchanges, and ECNs to move strategies into production and improve them using live performance and markout analysis
- Required Qualifications, Capabilities, and Skills
- Advanced degree or equivalent practical experience in mathematics, statistics, physics, computer science, engineering, financial engineering, or a related quantitative discipline.
- Relevant full-time quantitative research experience in high-frequency / medium-frequency trading, electronic market making, or systematic execution.
- Strong understanding of electronic market mechanics: order types, matching engines, queue priority, microstructure invariants, liquidity formation, and market impact/adverse selection.
- Evidence of contributing to strategies used in live markets, including a clear understanding of the research-to-production workflow and the sources of performance degradation in deployment.
- Strong programming and data-analysis skills in Python; proficiency in C++ or another high-performance language is highly desirable.
- Demonstrated rigor in experimental design and evaluation—ability to separate economically meaningful effects from overfitting, leakage, optimistic fills, and regime-specific artifacts.
- Preferred Qualifications, Capabilities, and Skills
Experience independently owning a strategy, managing a trading book, or leading a quantitative research workstream.
- Deep expertise in one or more areas: high-frequency market making, short-horizon alpha, execution research, multi-venue routing/optimization, or microstructure modeling.
- Experience across FICC markets or multiple asset classes; outstanding equities specialists interested in transitioning to FICC are encouraged.
- Familiarity with machine learning, deep learning, or reinforcement learning applied to limit-order-book modeling, execution, or control problems.
- Research publications, open-source contributions, or substantial internal research artifacts demonstrating a sustained, hypothesis-driven approach.
Quantitative Trading & Research - Market Microstructure & High-Frequency Quantitative Researcher - Associate or Vice President in London employer: JPMorganChase
J.P. Morgan Europe Limited is an exceptional employer, offering a dynamic work culture that fosters collaboration and innovation in the heart of the financial sector. Employees benefit from comprehensive growth opportunities, competitive compensation, and a commitment to professional development, all while contributing to impactful consumer banking initiatives. Working here means being part of a prestigious institution that values insights and empowers its team members to drive meaningful change.
StudySmarter Expert Advice🤫
We think this is how you could land Quantitative Trading & Research - Market Microstructure & High-Frequency Quantitative Researcher - Associate or Vice President in London
✨Tip Number 1: Tap Into Professional Networks
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Consider writing articles or sharing insights related to financial controlling or industry trends. Publish these on platforms like LinkedIn to establish yourself as a knowledgeable player in the field. This not only increases your visibility but also catches the attention of recruiters from JPMorganChase.
✨Tip Number 4: Apply Directly on Company Websites
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We think you need these skills to ace Quantitative Trading & Research - Market Microstructure & High-Frequency Quantitative Researcher - Associate or Vice President in London
Some tips for your application 🫡
Show Off Your Numbers Game:In financial controlling, detail is everything! Make sure your CV showcases your proficiency with numbers—highlight any relevant experience in budgeting, forecasting, or working with financial software. Quantifying your past achievements will make you stand out, so don’t be shy about flaunting those impressive percentages or cost savings you've implemented.
Tailored Cover Letter is Key:Your cover letter is a chance to shine, especially for a full-time role. Use it to express your genuine interest in JPMorganChase and the specific impact you hope to make in financial controlling. Mention any relevant qualifications or experiences that align with the company’s goals, and don’t forget to show that you're ready for a long-term commitment!
Certifications Matter:List relevant certifications such as ACCA or CIMA on your CV. These qualifications not only showcase your dedication to the field but also your technical competence in financial principles. If you have any ongoing training or courses, make sure to mention those as well to demonstrate your commitment to continual learning in financial controlling.
Don’t Overlook Soft Skills:While numbers are crucial, so are those soft skills! Financial controllers need strong communication and analytical reasoning abilities. We recommend embedding examples of these skills in your CV and cover letter, like how you’ve successfully delivered financial reports to stakeholders or collaborated with teams to improve processes. Let’s show JPMorganChase how you can be a team player!
How to prepare for a job interview at JPMorganChase
✨Brush Up on Technical Skills
Make sure you're comfortable with key financial concepts, especially around forecasting, budgeting, and variance analysis. Sometimes, interviewers may throw in technical questions or case studies, so practicing these types of scenarios will help you shine!
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If you've had experience with specific financial software like SAP or Oracle, make it known! Be ready to discuss how you used these tools to improve processes or reporting, as this hands-on knowledge can really set you apart in a full-time role with JPMorganChase.
✨Know Your Numbers
In full-time interviews, especially in financial controlling, be prepared for numerical reasoning tests or questions. Brush up on your mental maths and understand how to interpret and analyse financial statements on the spot, as this may come up during the assessment.
✨Connect with Company Goals
Familiarise yourself with JPMorganChase's financial objectives and any recent developments. During the interview, try to weave your understanding of their business model and challenges into your answers—this shows your genuine interest and alignment with their goals!
