Quantitative Trading & Research - Valuation Models - Vice President

At JPMorganChase, you’ll be part of a world-class quantitative modeling group that drives innovation in financial engineering, data analytics, and portfolio management.

As a Vice President in the Quantitative Trading & Research team, you’ll collaborate with traders, risk managers, and controllers to develop and maintain sophisticated models for fair value measurement across multiple business lines. You should be passionate, curious, and ready to make an impact.

Job responsibilities

• Develop mathematical models for the valuation of credit derivatives, structured lending facilities, and illiquid collateral
• Implement methodologies for model calibration and build analytics to manage model risk appetite
• Leverage machine learning, AI, and data analytics to enhance valuation methodologies and drive innovation
• Define methodology for pricing adjustments, model limitations, parameter uncertainty, and liquidity reserves
• Monitor model performance metrics to ensure models behave as expected over time
• Design and develop software frameworks for analytics delivery to systems and applications
• Collaborate with front office trading desks, controllers, and model risk teams to safeguard the firm’s balance sheet

Required qualifications, capabilities, and skills

• Demonstrated quantitative and problem-solving skills, including research abilities
• Strong understanding of advanced mathematics in financial modeling (probability theory, stochastic calculus, statistics)
• Hands-on experience with data analytics, large data sets, and tools for analysis and visualization
• Proficiency in code design and programming, primarily Python and C++
• Practical experience with code performance optimization, debugging, and reverse engineering
• Excellent verbal and written communication and team skills in a multi-location environment
• Deep understanding of financial products, their valuations, and associated risks

Preferred qualifications, capabilities, and skills

• Advanced degree (PhD, MSc or equivalent) in Engineering, Mathematics, Physics, Computer Science, etc.
• 6 years of quantitative model development or model validation experience
• Markets experience and familiarity with trading concepts and terminology
• Knowledge of options pricing theory, trading algorithms, financial regulations, stochastic processes, partial differential equations, and numerical analysis

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. Those in 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. 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

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.