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CIB QR – Quantitative Research Equity Financing Trading Optimisation – Associate / Vice President

Req #: 170122475
Location: London, ENG, UK
Job Category: Accounting/Finance/Audit/Risk
Job Description:
JP Morgan Chase
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with operations worldwide. The firm is a leader in investment banking, financial services for consumers and small business, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at http://www.jpmorganchase.com/
 
 
Our Firmwide Risk Function
Our Firmwide Risk function is focused on cultivating a stronger, unified culture that embraces a sense of personal accountability for developing the highest corporate standards in governance and controls across the firm. Business priorities are built around the need to strengthen and guard the firm from the many risks we face, financial rigor, risk discipline, fostering a transparent culture and doing the right thing in every situation. We are equally focused on nurturing talent, respecting the diverse experiences that our team of Risk professionals bring and embracing an inclusive environment.
 
Business Area
JPMorgan Investor Services Quantitative Research team is looking for a strong quant to support all quantitative aspects of the Equity Finance & Delta 1 businesses.
The team is responsible for developing and maintaining models for valuation, risk, P&L calculations as well as balance sheet and inventory optimization.
Specifically, the responsibilities of the team include new model specification, going through model approval, model implementation, as well as integration into production systems.
 
Responsibilities
Opportunity to join our London team as an Associate or Vice President, with a focus on Data Driven Trading Optimizations.
 
Key responsibilities include:
  • Lead forward developments on trading optimization platforms employed by the Equity Finance business to manage SBL, Synthetic and Cash trading activities.
  • Put in place large and scalable architectures, linearize state-space to deal with massive data sets, vectorised coding and distributed computing.
  • Liaise with multiple stake-holders to formulate a multi-dimensional objective function across metrics: PnL, Liquidity, RWA, ROA, etc.
  • Model trading book dynamics, transaction costs potentially employing Statistical and Machine Learning techniques.
  • Document and test new/existing models with traders and with other various control groups, such as the Model Review Group
  • Implementation of models in C++ and Python proprietary libraries.
  • Work closely with technology on integration of optimization models with front end applications
  • Ongoing desk support
 
 
  • Minimum masters level degree in a quantitative subject or equivalent
  • Ability to work with big-data and experience in formulation of optimizations.
  • Strong analytical and problem solving abilities.
  • Strong communication/presentation skills.
  • Strong programming skills (C++, Python).
  • Experience with parallel computing, vectorization and memory management is positively regarded.
  • Knowledge of CPLEX, GUROBI, MOSEK or other main stream optimization packages is desirable but not essential
  • Knowledge of Financial Engineering, Secured Financing and Prime Services
  • Previous experience with formulation of Statistical models / hands-on implementation of Machine Learning neural networks

Closing date for applications: 4th May 2018

 

About J.P. Morgan’s Corporate & Investment Bank

 

J.P. Morgan’s Corporate & Investment Bank is a global leader across banking, markets and investor services. The world’s most important corporations, governments and institutions entrust us with their business in more than 100 countries. With $18 trillion of assets under custody and $393 billion in deposits, the Corporate & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.  Further information about J.P. Morgan is available at www.jpmorgan.com.

 

JPMorgan Chase & Co. offers an exceptional benefits program and a highly competitive compensation package. JPMorgan Chase & Co. is an Equal Opportunity Employer.

 

Closing Date- May 4, 2018

 

 

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