J.P. Morgan has the leading Global Spread business in terms of volume traded, issuers traded and investor relationships. The Spread business covers Credit, SPG, and Public Finance Markets. J.P. Morgan Global Spread Trading offers first-class, highly integrated financial services to a global client base and provides financial assets and liquidity for banks, insurance companies, finance companies, mutual funds and hedge funds. Traders, salespeople and research analysts work collectively to generate ideas. The Credit business make secondary markets in high grade bonds/CDS, high yield bonds/CDS, distressed bonds, indices, options, correlation products, and more exotic structures. The Securitized Products Group (“SPG”) engages in origination, syndicate, sales & trading, financing, and principal investments activities. Asset classes include: mortgage-backed securities (commercial, residential, agency and non-agency), mortgage loans, consumer asset-backed securities and receivables (auto, credit card, student, equipment loans).
The Credit QR team is responsible for developing and maintaining models for valuation, risk, PL calculations, as well as quoting and market making algorithms and analysis tools for the Global Spread business. The responsibilities of the team span the full range from new model specification, going through model approval, implementation of model in library, to integration into risk and PL systems.
The opportunity is to join our London team as an associate or VP depending on experience, with a focus on pricing models, model evaluation and infrastructure for the secured lending business. The role is spanning all aspects of secured lending QR coverage, from the mathematical modelling to the development of model evaluation platforms in our risk system. Candidates directly from university will be considered.
Key responsibilities could include:
· Developing mathematical pricing models for secured financing products, taking into account all the major risk factors.
· Integrating models into risk system, building out risk and PNL report for secured financing products.
· Evaluating and documenting quantitative methodologies, back-testing and simulating quantitative models
· Supporting business activities by explaining model behavior, carrying out scenario analyses, developing and delivering quantitative tools, and supporting analytics
The role requires the combination of very strong software development skills, a very structured mathematical approach to problem solving, business overview, and the ability to work in a dynamic environment. Prior knowledge of quantitative modeling and risk neutral pricing is a plus, but not an absolute requirement. Excellent communication skills are required in our interaction with trading, technology, and control functions. A strong interest in good software design principles is a requirement as well. A Ph.D. in a numerate subject from a top academic institution is a plus, but not an absolute requirement.
· An advanced degree in math, statistics, physics, financial engineering, computer science or other quantitative fields
· Exceptional analytical, quantitative and problem-solving skills
· Great communication and interpersonal skills
· Knowledge of fixed income markets, in particular credit market (loans/bonds/CLOs), is a plus, but is not a strict requirement.· Strong software design and development skills using C++ and Python
About J.P. Morgan’s Corporate & Investment Bank
J.P. Morgan’s Corporate & Investment Bank is a global leader across banking, markets and investor services. The world’s most important corporations, governments and institutions entrust us with their business in more than 100 countries. With $18 trillion of assets under custody and $393 billion in deposits, the Corporate & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world. Further information about J.P. Morgan is available at www.jpmorgan.com.
JPMorgan Chase & Co. offers an exceptional benefits program and a highly competitive compensation package. JPMorgan Chase & Co. is an Equal Opportunity Employer.
Closing date will be 9th August 2017.
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