Quantitative Trading & Research - EM Rates - Associate

JPMorgan Chase & Co. • New York, NY

3d • $150,000 - $200,000

About The Position

The EM Rates Quantitative Trading team is a New York-based team responsible for coordinating with the broader team to determine desk profitability. It designs, trades, and executes strategies across emerging-market rates products, including bonds, interest rate swaps (IRS), FX swaps, and repo on government bonds.

As an Analyst or Associate on the QTR EM Rates Quantitative Trading team, you will work on the front-office team on the trading floor in São Paulo or New York. The role involves designing trading and execution strategies, researching micro-patterns and trends, building, maintaining, and upgrading applications and tools, and supporting day-to-day operations. The position calls for an independent and responsible person who can coordinate smoothly with the wider team.

Requirements

• Strong interest in market microstructure and quantitative trading, particularly in EM Rates products such as bonds, IRS, FX swaps, and repo on government bonds.
• Strong design and programming skills, particularly in object-oriented languages such as C++, Java, or C#, and in Python.
• Ability to apply agile development practices in a front-office trading environment.
• Excellent verbal and written communication skills, including frequent interaction with teams across the firm and non-technical users.
• Strategic and creative problem-solving skills, with an eagerness to find new approaches and understand the benefits of leveraging the firm's scale.
• Understanding of different types of risk and ability to discuss in detail how to manage risks in EM Rates markets.
• Ability to communicate concepts and ideas verbally and through documentation, defend their validity, and tailor messages to different audiences.

Nice To Haves

• Degree in Engineering, Mathematics, Physics, Computer Science, or an equivalent discipline.
• Direct experience with agile software methodologies.
• Experience in macro markets, particularly EM Rates products such as bonds, IRS, FX swaps, and repo on government bonds.
• Knowledge of general trading concepts and terminology.
• Experience working with electronic venues relevant to these products.
• Demonstrated proficiency with AI-assisted coding tools, such as Copilot-style code-generation and completion assistants.

Responsibilities

• Create, modify, and implement algorithmic orders to execute EM Rates products—including bonds, IRS, FX swaps, and repo on government bonds—for clients and internal manual traders.
• Work with Technology to develop scalable, low-latency infrastructure that meets business needs.
• Use internal and non-public sources of liquidity to optimize electronic price discovery and hedging across EM Rates instruments.
• Review, monitor, and track daily P&L from electronic market-making activity.
• Contribute to the design and enhancement of electronic market-making trading systems across bonds, IRS, FX swaps, and repo on government bonds.
• Perform statistical analysis of algorithmic order execution for internal use and to drive iterative improvements.
• Understand and consistently follow the firm's risk-management approach and policies for the EM Rates business, as well as applicable legal and regulatory requirements.

Benefits

• Competitive total rewards package, including base salary and, for eligible roles, commission-based pay and/or discretionary incentive compensation in cash and/or forfeitable equity.
• 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: Mid Level
• Education Level: No Education Listed