CIB QR – Quantitative Research, Commodities – Metals – Assoc/VP

CIB – Quantitative Research Commodities, Metals, Senior ASSOC / VP – London, 25 Bank St
Job Description
 
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.4 trillion and operations worldwide. The Firm is a leader in investment banking; financial services for consumers and small businesses, commercial banking, financial transaction processing, asset management and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the worlds most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. www.jpmorganchase.com.
 
This is a quantitative analyst position within the Commodities Quantitative Research team, with responsibilities including developing and maintaining models for valuation, risk, profit/loss calculations, as well as quoting and market making and analysis tools, with the focus on the Precious and Base Metals businesses.
 
Core responsibilities:
Develop models and implement them in software for pricing and risk managing  derivatives
Develop pricing and calibration tools
Benchmark and compare results of various techniques
Implement products using pricing engines and models
Explain model behavior and predictions to traders, identify major sources of risk in portfolios, carry out scenario analyses, provide guidance / debug analytics
Rapid prototyping of models and products 
Qualifications

 Relevant quantitative modelling and/or derivatives trading desk support experience, ideally in Commodities or FX

Deep understanding of options pricing theory (i.e. quantitative models for pricing and hedging derivatives)

Excellence in probability theory, stochastic processes, partial differential equations, and numerical analysis

Strong analytical, modeling and problem solving abilities

Exposure to Python and C++, ideally Athena

Object oriented programming skills with emphasis on numerical methods

Good communication skills

PhD, Masters or equivalent degree in a technical field from a top-tier school/program: Mathematics, Mathematical Finance, Sciences, Engineering, Computer ScienceJPMorgan Chase is an equal opportunity and affirmative action employer Disability/Veteran.
  
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.