J.P. Morgan Asset & Wealth Management, with client assets of $2.4 trillion, is a global leader in investment and wealth management. Its clients include institutions, high-net-worth individuals and retail investors in every major market throughout the world. The division offers investment management across all major asset classes including equities, fixed income, alternatives, multi-asset and money market funds. For individual investors, the business also provides retirement products and services, brokerage and banking services including trusts and estates, loans, mortgages and deposits.
J.P. Morgan Asset Management is a leading investment manager for institutions, financial intermediaries and individual investors, worldwide. With a heritage of more than two centuries, a broad range of core and alternative strategies, and investment professionals operating in every major world market, we offer investment experience and insight that few other firms can match.
Clear focus on managing client assets and delivering strong risk-adjusted returns
More than 900 investment professionals managing $1.7 trillion in assets covering over 450 different strategies spanning the full spectrum of asset classes, including equity, fixed income, cash liquidity, currency, real estate, hedge funds and private equity
Leadership positions in America, U.K., Continental Europe, Asia, and Japan
The Institutional Strategy and Analytics team is a global group of professionals within asset management who have backgrounds in asset allocation, asset liability management (ALM), consulting, and actuarial science. The group provides asset allocation, capital management, risk management and other advisory services to institutional clients and prospects on a global basis. The Strategy and Analytics (S&A) team works closely with most investment teams across JP Morgan Asset Management as well as with the institutional salesforce. The S&A team is seeking a new strategist hire to join as an analyst or associate in New York. The role is ideal for a candidate who has strong quantitative modeling skills, enjoys programming, and has an interest in client focused work and substantial client interaction. The strategist will work with pension funds, insurance companies and other institutional investors to help them make decisions about their asset allocation to achieve various objectives such as return requirements, liability matching, capital efficiency, income stability, etc. Most of the work will be US focused but the role will have some international components, especially if the candidate has relevant language skills.
Completion of client advisory assignments – Analysis for clients, including initial scoping and interaction with clients, development of models to meet their needs, presentation of results, and incorporation of revisions/extensions as needed
Enhancement of modeling platforms and analytical capabilities – Adapt existing models (primarily in Matlab) to reflect complex client situations or developments in the industry, such as regulatory, tax, or accounting changes
Development of intellectual capital – Help produce high quality research/analysis in response to industry developments
Degree in a quantitative/analytical discipline such as computer science, mathematics, physics, operations research, statistics, engineering or equivalent experience (graduate degree is preferred but not required) with a minimum overall GPA of 3.2
Programming experience and familiarity with Matlab or the ability to learn it quickly
Working knowledge of probability, statistics, and linear algebra at the undergraduate level
Ability to formulate appropriate and tractable mathematical/statistical models for our clients' investment/risk management needs, implement these models using Matlab or other systems, and create output that is useful for presenting results to clients
The successful candidate will have some of the following skills/credentials:
Experience with object oriented programming and sound software engineering practices
Ability to articulate complex investment strategies/processes in a clear and concise manner and comfort in interacting with clients during meetings and over the phone
Strong written communication skills and work experience preparing high quality presentation materials for clients
Ability to apply basic investment management concepts, such as CAPM, efficient frontiers, passive vs active management, VaR, factor investing, etc
Familiarity with basic asset classes (e.g., corporate bonds, RMBS, private equity) and their risk/return, liquidity, and cash flow characteristics
Coursework or work experience covering linear and non-linear optimization (including the formulation of problems, development of constraints, and use of software to solve these problems), advanced statistical methods, econometrics, and stochastic processes
Experience with databases and basic database programming
Working familiarity with GAAP or IFRS accounting, insurance capital models, and pension financial reporting/regulatory funding requirements
Business level proficiency in Mandarin, Japanese, Korean, French, German, Spanish, Portuguese, or Italian
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