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Associate --OPA Model Investigations -GMG - Mumbai

Req #: 180038637
Location: Mumbai, MH, IN
Job Category: Sales/Trading/Research
Job Description:
Global Markets:
Quant Developer
Associate / Senior Associate
J.P. Morgan’s Global Markets Group (GMG) in Mumbai was set up in 2013 as an extension of the Firm’s global markets teams around the world. GMG is a fast growing team covering multiple asset classes across geographies. GMG provides in-depth knowledge that is behind our Investment Banking, Structuring, Sales & Trading and Research businesses around the globe. Deeply integrated with our Investment Banking business, the team facilitates deals and transactions by providing vital research and insight.
This position is a part of the newly set-up Model Investigations team within the Global Markets Group. The Mumbai team would work in sync with the New York team on assessing performance of quantitative models used throughout the firm, including pricing models, risk models, and empirical forecasting models used in major lines of business, including Corporate Investment Bank, Consumer Banking, and Corporate Risk. Team members have opportunities for exposure to a variety of projects and models used extensively within the bank.
Primary Responsibilities:
  • Design and implement Python-based algorithms within the firm’s proprietary framework (Athena).
  • Write reusable, testable, and efficient code
  • Quantify model performance with an in-depth analysis of various model characteristics and heavy-duty empirical data analysis to identify potential model weaknesses
  • Investigate potential model issues and program scripts to facilitate model & associated data analysis.
Essential Skills:
  • Programming: Excellent in algorithms and ability to code in any of the object-oriented languages such as C++ and very high-level languages such as Python.
  • Communication: Excellent written and verbal communication skills as the frequent sync-ups with the New York team would be required.
    Desired Skills:
  • Quantitative: Good knowledge in probability theory, statistics, econometrics, stochastic processes, and numerical analysis. Highly analytical bent of mind.
  • Knowledge of Derivatives: Decent expertise on derivatives theory with good understanding of Greeks (Delta, Gamma, Theta etc.) and other risk components.
  • Mathematical Finance: Time series analysis (ARIMA, GARCH, state space models)
Ideal candidates for these positions would be a graduate/post-graduate from a premier college or institute with 5+ years of experience. A computer science or mathematics background would be most suitable.
J.P. Morgan’s Global Markets Group (GMG) provides a challenging work environment and excellent opportunities to learn and grow both at the GMG and in the Firm’s global network.
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