As a 2025 Corporate & Investment Bank - Markets Quantitative Analytics Program - Summer Associate in China, you will be working alongside our top tier professionals, promoting innovation through financial engineering, derivatives modeling, asset and liability management and risk management. You will have the opportunity to develop mathematical models, methodologies and tools used throughout the firm while gaining in-depth insight into the world of risk modeling, investment banking and the financial services industry.

Job Responsibilities

Corporate & Investment Bank Quantitative Research (QR)

Quantitative Research (QR) is an expert quantitative modeling group in J.P. Morgan, as well as a leader in financial engineering, data analytics, statistical modeling and portfolio management. As a global team, QR partners with traders, marketers and risk managers across all products and regions, contributes to sales and client interaction, product innovation, valuation and risk management, inventory and portfolio optimization, electronic trading and market making, and appropriate financial risk controls.

Derivatives Pricing, Risk Management & Electronic Execution

You'll contribute to the firm's product innovation, effective risk management, and financial and risk controls. Specially, you'll have the chance to:

• Develop mathematical models for pricing, hedging and risk measurement of derivatives securities;
• Develop mathematical models for algorithmic trading strategies as well as Delta-One trading strategies or inventory management;
• Support both OTC and electronic trading activities by explaining model behavior, identifying major sources of risk in portfolios, carrying out scenario analyses, developing and delivering quantitative tools, and researching for new trading ideas;
• Assess the appropriateness of quantitative models and their limitations, identifying and monitoring the associated model risk;
• Implement risk measurement, valuation models or algorithmic trading modules in software and systems;
• Design efficient numerical algorithms and implementing high performance computing solutions;
• Design and develop software frameworks for analytics and their delivery to systems and applications.

Data Analytics

Closely embedded within the business, we drive change through innovation and business process optimization using state-of-the-art machine learning techniques such as collaborative filtering, deep learning and reinforcement learning. Our activity touches all aspects of the business from sales and client interaction, to risk management, inventory and portfolio optimization, electronic trading and market making. If you are talented graduates in machine learning and related fields who want to join the transformation of our investment bank into a data-led business, you'll have the chance to:

• Contribute directly to the business and client franchise; identify and generate revenue opportunities
• Understand the market drivers behind market moves and their cross-asset and cross-market implications
• Work with cutting edge technology and analytics to infer pricing, hedging and idea generation
• Conduct quantitative research on medium to high frequency trading strategies
• Develop portfolio construction methodologies and new modeling approaches across our systematic businesses

About you

We are looking for innovative problem-solvers with a passion for developing complex solutions that support our global business.

Required qualifications, capabilities and skills

• Currently enrolled in Ph.D. or a Master's degree program in Mathematics, Physics, Engineering, Computer Science, Machine Learning, Statistics or other quantitative fields with an expected graduation date beyond December 2025.
• Foundational knowledge of and proficiency in one or more programming languages (e.g., Python, Java, JavaScript, C++, C#.)
• You demonstrate quantitative and problem solving skills as well as research ability
• You are good at communicating concepts and ideas, both verbally and via documentation, and explaining technical material to a non-technical audience
• Holding the permanent right to work in Mainland China is required

Preferred qualifications, capabilities and skills

• Understanding of advanced mathematics arising in financial modelling (probability theory, stochastic calculus, partial differential equations, numerical analysis, optimization, machine learning, statistics, econometrics...)
• Knowledge of options pricing theory, trading algorithms or financial regulations
• Beyond that, we're interested in the things that make you unique: personal qualities, outside interests and achievements beyond academia and profession that demonstrate the kind of person you are and the differences you could bring to the team

Application Deadline

April 30th, 2025 (23:59 Beijing time)

Applications will be reviewed on a rolling basis. We strongly encourage you to submit your application as early as possible as programs will close once positions are filled.

Join us

At JPMorgan Chase, we're creating positive change for the diverse communities we serve. We do this by championing your innovative ideas through a supportive culture that helps you every step of the way as you build your career. If you are passionate, curious and ready to make an impact, we are looking for you.

What's next?

JPMorgan Chase is committed to creating an inclusive work environment that respects all people for their unique skills, backgrounds and professional experiences. We strive to hire qualified, diverse candidates, and we will provide reasonable accommodations for known disabilities.

Visit jpmorganchase.com/careers for upcoming events, career advice, our locations and more.

©2024 JPMorgan Chase & Co. JPMorgan Chase is an equal opportunity and affirmative action employer Disability/Veteran

ABOUT US

J.P. Morgan is a global leader in financial services, providing strategic advice and products to the world's most prominent corporations, governments, wealthy individuals and institutional investors. Our first-class business in a first-class way approach to serving clients drives everything we do. We strive to build trusted, long-term partnerships to help our clients achieve their business objectives.

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.

ABOUT THE TEAM

The Corporate & Investment Bank is a global leader across investment banking, wholesale payments, markets and securities services. The world's most important corporations, governments and institutions entrust us with their business in more than 100 countries. We provide strategic advice, raise capital, manage risk and extend liquidity in markets around the world.