Quantitative Trading and Research - Equity Derivatives Exotics - Associate

About the role

The Quantitative Trading and Research (QTR) Equity Derivatives team is seeking a junior quant to focus on exotic products. The role involves driving and implementing analytics, optimization, and modeling for Equity Exotic trading, with an immediate emphasis on exotic risk management and lifecycle modeling.

Responsibilities

• Develop a scalable risk-management and lifecycle-modeling framework capable of handling the full range of products across all regions globally.
• Model derivative products using C++-Python hybrid programming to meet business requests.
• Drive payoff innovation using the product design framework and machine learning techniques.
• Streamline product review under the product design framework and provide clear model documentation to facilitate model approvals.
• Evaluate quantitative methodologies, including identifying and monitoring model risks associated with derivative valuation models.
• Support trading activities by explaining model behavior, identifying major sources of risk in portfolios, and carrying out scenario analyses.

Requirements

• Master or PhD degree in a quantitative field from a top university.
• 1-3 years of experience in derivatives quantitative research.
• Strong programming skills in C++, Python, and numerical packages.
• Experience with statistical analysis and machine learning.
• Experience with derivatives pricing models and equity derivatives products.
• Solid understanding of the application of Monte-Carlo simulation and finite-difference PDE in derivative pricing.
• Ability to communicate effectively with business stakeholders.
• Prior experience in a front-office quantitative research role.

Preferred Qualifications

• Knowledge of risk management frameworks and regulatory requirements.

Benefits

• Comprehensive health care coverage.
• On-site health and wellness centers.
• Retirement savings plan.
• Backup childcare.
• Tuition reimbursement.
• Mental health support and financial coaching.

Additional details about total compensation and benefits will be provided during the hiring process.

Pay

Competitive total rewards package including base salary determined based on the role, experience, skill set, and location. Eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions.

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 worldwide 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.