1+ months

Quantitative Research - Credit & Securitized Products Group - Analyst or Associate

London, MI 48159
  • Job Code
    210277518

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 CLOs, high grade bonds/CDS, high yield bonds/CDS, distressed bonds, indices, options, correlation products, and more exotic structures. The Securitized Products Group (œSPG) 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 SPG QR team

The Credit and SPG QR team is responsible for developing and maintaining models for valuation, risk, P&L 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 libraries, to final integration into risk and P&L systems.

Opportunity

The opportunity is to join our London team to support European and Asian structured products, including model development, maintenance, evaluation, and integration into risk and P&L infrastructure for the SPG business. The global team also focuses on US commercial mortgages and securities (CMBS) as well as collateralized loan obligations (CLO), and there is an opportunity to collaborate in all areas. Both junior and more experienced candidates will be considered.

Key responsibilities include:

  • Develop, maintain, and enhance models for the SPG business, as well as for other parts of our mortgage businesses such as CIO and Mortgage Banking.
  • Document models to pass strict regulatory and in-house standards maintained by model review groups.
  • Model performance tracking and regulatory analysis.
  • Work closely with technology on integration of models in applications.
  • Develop and deliver quantitative tools and supporting analytics.
  • Support trading activities by explaining model and algorithm behavior, carrying out scenario analysis

Qualifications:

We are seeking candidates to fill a modeling role in the QR Securitized Product Group modeling team. A successful candidate needs to demonstrate their ability to solve complicated modeling problems. A Ph.D. or Master™s degree in mathematics, physics, finance or other quantitative field is desired.

Essential skills:

  • Strong mathematical, statistical, and financial modeling skills.
  • C/C++ and Python coding.
  • Applying Machine Learning algorithms.
  • Ability to work in a high-pressure environment and a good team player.
  • Excellent communication and writing skills.
  • Understanding of structured product markets (ABS/CMBS/RMBS/CLO) is a plus.

Keyword: card%20services

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 CLOs, high grade bonds/CDS, high yield bonds/CDS, distressed bonds, indices, options, correlation products, and more exotic structures. The Securitized Products Group (œSPG) 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 SPG QR team

The Credit and SPG QR team is responsible for developing and maintaining models for valuation, risk, P&L 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 libraries, to final integration into risk and P&L systems.

Opportunity

The opportunity is to join our London team to support European and Asian structured products, including model development, maintenance, evaluation, and integration into risk and P&L infrastructure for the SPG business. The global team also focuses on US commercial mortgages and securities (CMBS) as well as collateralized loan obligations (CLO), and there is an opportunity to collaborate in all areas. Both junior and more experienced candidates will be considered.

Key responsibilities include:

  • Develop, maintain, and enhance models for the SPG business, as well as for other parts of our mortgage businesses such as CIO and Mortgage Banking.
  • Document models to pass strict regulatory and in-house standards maintained by model review groups.
  • Model performance tracking and regulatory analysis.
  • Work closely with technology on integration of models in applications.
  • Develop and deliver quantitative tools and supporting analytics.
  • Support trading activities by explaining model and algorithm behavior, carrying out scenario analysis

Qualifications:

We are seeking candidates to fill a modeling role in the QR Securitized Product Group modeling team. A successful candidate needs to demonstrate their ability to solve complicated modeling problems. A Ph.D. or Master™s degree in mathematics, physics, finance or other quantitative field is desired.

Essential skills:

  • Strong mathematical, statistical, and financial modeling skills.
  • C/C++ and Python coding.
  • Applying Machine Learning algorithms.
  • Ability to work in a high-pressure environment and a good team player.
  • Excellent communication and writing skills.
  • Understanding of structured product markets (ABS/CMBS/RMBS/CLO) is a plus.

Keyword: card%20services
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. In accordance with applicable law, we make reasonable accommodations for applicants™ and employees™ religious practices and beliefs, as well as any mental health or physical disability needs.
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.

Clients turn to our industry-leading Markets, Sales and Research team to offer clients unique market insights on sectors and companies, and actionable ideas using research to make well-informed investment decisions. Teams understand products across asset classes and help clients structure solutions that manage risk, enhance yield and solve complex financial problems.

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Posted: 2022-08-30 Expires: 2022-12-28

For over 200 years, JPMorgan Chase & Co has provided innovative financial solutions for consumers, small businesses, corporations, governments and institutions around the world.

Today, we're a leading global financial services firm with operations servicing clients in more than 100 countries.

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Quantitative Research - Credit & Securitized Products Group - Analyst or Associate

JPMorgan Chase & Co.
London, MI 48159

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