Quantitative Research Asset-Backed Securities - Associate

JPMorgan Chase

240d • $135,000 - $200,000

About The Position

This is an exciting opportunity to use Machine Learning and other techniques to design pre-trade and risk analytics in the Asset-Backed Securities businesses. As an Associate in the Quantitative Research Structured Product Group (SPG) Asset-Backed Securities (ABS) team based in New York, you will engage in the design and implementation of risk and pre-trade analytics for these products. We are broadly tasked with developing and maintaining models for valuation, risk, P&L calculations, as well as creating quoting and market-making algorithms and analytical tools. The team also supports Commercial Mortgage-Backed Securities (CMBS), so there will be further opportunities for collaboration. We utilize Machine Learning and other statistical techniques in developing these models, and then document them to satisfy high internal and regulatory standards.

Requirements

• MS or PhD in finance, mathematics, computer/data science, physics, or other quantitative field
• Strong financial modeling skills including Machine Learning
• Strong software design skills and ability to code models in Python and C++
• Excellent communication and writing skills
• Ability to work in a high-pressure environment and a good team worker

Nice To Haves

• Structured product (ABS/CMBS) experience is a plus

Responsibilities

• Develop, maintain, and enhance models for the SPG ABS businesses
• Document models to pass strict regulatory and in-house standards
• Develop and model performance tracking and regulatory analysis
• Work closely with technology teams on integration of models in applications
• Support trading activities by explaining model and algorithm behavior

Benefits

• Comprehensive health care coverage
• On-site health and wellness centers
• Retirement savings plan
• Backup childcare
• Tuition reimbursement
• Mental health support
• Financial coaching

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Industry: Credit Intermediation and Related Activities
• Education Level: Master's degree