DESCRIPTION:
Duties: Develop and support a variety of cutting-edge quantitative tools to enhance JPMC's investment process. Conduct research and ad-hoc analysis on performance attribution, risk management, and portfolio construction. Perform analysis and interpret statistical trends using quantitative techniques including multivariate regression, back-testing, optimization, and Monte Carlo simulation. Assist colleagues in meeting risk and review requirements for all models and tools. Work closely with portfolio managers and other business partners to address the issues arising from the daily portfolio management process and the new product launch process. Assist colleagues outside the team in their understanding and use of the team's models and assumptions. Work with technology partners to implement the models.
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QUALIFICATIONS:
Minimum education and experience required: Bachelor's degree in Financial Mathematics, Finance, Engineering (any), Economics, Statistics, Mathematics, or related quantitative field of study plus 3 years of experience in the job offered or as a Data Scientist, Risk and Quantitative Analyst, Quantitative Modeler, or related occupation. The employer will alternatively accept a Master's degree in Financial Mathematics, Finance, Engineering (any), Economics, Statistics, Mathematics, or related quantitative field of study plus 1 year of experience in the job offered or as a Data Scientist, Risk and Quantitative Analyst, Quantitative Modeler, or related occupation.
Skills Required: This position requires experience with the following: Data manipulation, data structuring and transformation using Python, including packages including pandas, NumPy and matplotlib; processing and querying large data sets using relational management database, including filter/group by and join/merge; advanced factor-based risk models including Bloomberg and Aladdin; advanced performance attribution models including Brinson attribution and risk factor based attribution; Developing and maintaining dynamic and interactive dashboards using python dashboarding packages including Streamlit, dash and Tableau; Automating the production of recurring reports and dashboards using SQL, Python, and visualization tools; risk management using tracking error, stress testing, and scenario analysis; equity and fixed income ETFs and mutual funds; equity risk management strategies using equity region, industry and style factors; fixed income risk management strategies using bond analytics, including Taylor expansion for duration and convexity, option-adjusted analytics, and yield measures; collecting financial data and performing data analytics using Bloomberg terminal, Bloomberg API, and Bloomberg excel add-in; conducting portfolio construction using optimization techniques; performing statistical analysis using advanced techniques including multivariate regression, logistic regression, principal component analysis and Monte Carlo simulations; performing analysis using machine learning models for classification, trend analysis, and predictive modeling; Matlab programming language.
Job Location: 390 Madison Avenue, New York, NY 10017.
Full-Time. Salary: $170,373 - $285,000 per year.
ABOUT US
JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.
We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.
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.
JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans
ABOUT THE TEAM
J.P. Morgan Asset & Wealth Management delivers industry-leading investment management and private banking solutions. Asset Management provides individuals, advisors and institutions with strategies and expertise that span the full spectrum of asset classes through our global network of investment professionals. Wealth Management helps individuals, families and foundations take a more intentional approach to their wealth or finances to better define, focus and realize their goals.