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CIB - Global Index Research Group - Index Modelling and Management – Analyst/Associate

Req #: 170094601
Location: New York, NY, US
Job Category: Sales/Trading/Research
Potential Referral Amount: 0 US Dollar (USD)

Global Index Research Group (New York / London) – Analyst / Associate:

Index Modeling and Management


J.P. Morgan’s Global Index Research Group is expanding and is seeking to hire additional index product specialists, modelers, quantitative thinkers, problem solvers and index analysts across various levels (Analysts-to-EDs). We are looking for candidates interested in being part of our exciting new growth phase in Fixed Income and Securitised Products, as the broader Index industry goes through substantial change we are working to make J.P. Morgan the number one provider of these products and a first call for clients. Individuals with prior experience in the Index space preferably with a track record in fixed income index modeling, index management, analytical reasoning, and regularly delivering under tight deadlines are encouraged to apply. You will be part of a new business growth initiative with opportunities to: cultivate expertise in fixed income asset class; sharpen modeling skills; develop product management expertise; and contribute to market leading index creation and development.

 

This front-office role involves a firm understanding of bond analytics and index construction, as well as liaising with various internal teams. We are a dynamic, diverse team of professionals with a fantastic entrepreneurial culture, where opportunities include: being a part of new business initiatives; developing expertise in index management; creating and discussing models; interacting with stakeholders/clients (internal and external) on models, analytics, and index management. The role requires the individual to demonstrate a clear blend of skills from quantitative, analytical and programming to communication, problem solving, and teamwork. These skills must be blended together with a high level of attention to detail to ensure precise, accurate and timely delivery. This role demands a firm understanding of fixed income analytics, bond math and index construction, as well as liaising with various internal teams. Experience with portfolio construction or fixed income strategy type roles is a plus.

 

Global Index Research Group profile


J.P. Morgan’s Global Index Research is central hub for fixed income indices within the Corporate and Investment bank, and is part of the Global Research organization. The group is a leading provider of indices across fixed income with a market leading presence in Emerging Market (EM) and Developed Market (DM) Indices, accounting for over 95% of the market with over $625 billion in assets tracking the various EM index products.  The Global Index Research analysts are viewed as thought leaders in the Indexing lifecycle (from idea generation to launch) and liaise with clients in all stages of their investment cycle.

 

Overall, the index group is responsible for creating, managing and marketing J.P. Morgan proprietary indices and commercialization of research data for beta-access products (ETFs, structured products etc.). The group is also involved in collaborative research efforts with other J.P. Morgan research groups in producing thematic publications and marketing efforts around the underlying asset class (Emerging Markets, Global treasury markets, Corporates etc.). Our clients are some of the world’s largest asset managers, insurance and pension firms as well as sovereign wealth funds. The team has presence globally in New York, London and Mumbai.


 

Responsibilities of the candidate:

Index Modeling and Management:


  • This role would also involve modeling, analyzing and implementing the index strategy.
  • Feasibility studies and scenario analysis to study the viability of new products (such as Smart Beta) and tail risk scenarios.
  • The team manages thousands of indices that cover global markets primarily in the fixed income space. Although the day-to-day operations are managed by a separate operations group (Calculation agent), this role requires oversight and involvement in operational aspect in order to maintain product integrity.
  • The candidate would work with both internal and external clients to educate them on structural and tactical changes in the index products and the associated implications for the relevant markets resulting from these changes.
  • Core part of index management responsibility is ensuring that all processes are efficient and aligned with technical framework.

Minimum education and requirements: Bachelor's degree or equivalent in Economics, Finance, Mathematics, or related field.  Experience in Indexing space (benchmarks or strategy) is preferred. Quantitative or technology related work experience in financial services is a plus. Prior index experience a plus.

 

Essential skills: 

  • In depth understanding of fixed income concepts and bond math
  • Tracking and understanding impact of market activity – new issuance, price volatility
  • Strong communication skills (both written and verbal)
  • Idea generation and writing index research publications
  • Quantitative and analytical skills, experience in building and maintaining financial models (or programing models)
  • Running and enhancing index models and processes
  • Data management

 

This position requires someone who has clear technical skills, knowledgeable ideally in at least two of: fixed income, credit, equity or commodities. The candidate has good analytical, quantitative and communication skills.


The position requires excellent technical skills and familiarity with:

  • RDMS (Sybase or Oracle)
  • Excel (ideally with experience of using Bloomberg add-in or RMDS)
  • Statistical analysis tools and packages (MATLAB, R, EViews, or similar)
  • Java, C/C++, Python or similar
  • Unit testing frameworks and modular design
  • Experience with Autosys or similar job scheduling technology

JPMorgan Chase is an equal opportunity and affirmative action employer Disability/Veteran.

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JPMorgan Chase is an equal opportunity and affirmative action employer Disability/Veteran.