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CIB QR - Quantitative Research Credit Bond Electronic Market Making - Associate

Req #: 170071453
Location: New York, NY, US
Job Category: Accounting/Finance/Audit/Risk
Potential Referral Amount: 3000 US Dollar (USD)
Credit QR
 
About J.P. Morgan
J.P. Morgan is a leader in financial services, working in collaboration across the globe to deliver the best solutions and advice to meet our clients’ needs, anywhere in the world.  We operate in 150 countries, and hold leadership positions across our businesses.  We have an exceptional team of employees who work hard to do the right thing for our clients and the firm, every day.  This is why we are the most respected financial institution in the world – and why we can offer you an outstanding career.
 
Our business
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).
 
Our team
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.
 
Opportunity
The opportunity is to join our New York team as an Associate or VP depending on experience, with a focus on generating algorithmically trade ideas for clients in credit flow products & develop corresponding workflow solutions. Candidates directly from university will be considered.
 
Key responsibilities could include:
  • Development and support of algorithms for generating trade ideas & related content
  • Analysis of trading patterns and resulting commercial opportunities
  • Engage on strategic cross asset solutions
  • Build & maintain close relationship with Sales & Trading
  • Ongoing support of the credit flow desk
Requirements
We work in a very dynamic environment, and excellent communication skills are required in our interaction with trading, technology, and control functions. A healthy interest in good software design principles is essential. The role requires a detailed understanding of the corporate bond, cds, and index cds markets. It is understood that the candidate may not have this knowledge from previous experience, but the successful candidate would need to be highly motivated to gain this knowledge. A Ph.D. in a numerate subject from a top academic institution is a plus, but not an absolute requirement.
Essential skills:
  • Strong communication skills; candidate will require to face Sales/ Trading in daily activities
  • Some OO designs skills is required, in addition, Python would also be a plus
  • Strong statistical and probabilistic skills.
  • Some internship/ experience in a financial institution.
  • Attention to details, thorough and persistent in delivering production quality analytics
  • Ability to work in a high-pressure environment
  • Pro-active attitude. Should have a natural interest to learn about our business, models, and infrastructure.
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