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210071857 - Quantitative Research - Credit & SPG - Associate / VP at JPMorgan Chase Bank, N.A.

Posted in General Business 5 days ago.

This job brought to you by eQuest

Type: Full-Time
Location: New York, New York

Job Description:

About J.P. Morgan

J.P. Morgan is a leader in financial services, working in collaboration across the globe to deliver the best solutions and advice to meet our clients' needs, anywhere in the world. We operate in 150 countries, and hold leadership positions across our businesses. We have an exceptional team of employees who work hard to do the right thing for our clients and the firm, every day. This is why we are the most respected financial institution in the world - and why we can offer you an outstanding career.

Our business

J.P. Morgan has the leading Global Spread business in terms of volume traded, issuers traded and investor relationships. The Spread business covers Credit, SPG, and Public Finance Markets. J.P. Morgan Global Spread Trading offers first-class, highly integrated financial services to a global client base and provides financial assets and liquidity for banks, insurance companies, finance companies, mutual funds and hedge funds. Traders, salespeople and research analysts work collectively to generate ideas. The Credit business make secondary markets in high grade bonds/CDS, high yield bonds/CDS, distressed bonds, indices, options, correlation products, and more exotic structures. The Securitized Products Group ("SPG") engages in origination, syndicate, sales & trading, financing, and principal investments activities. Asset classes include: mortgage-backed securities (commercial, residential, agency and non-agency), mortgage loans, consumer asset-backed securities and receivables (auto, credit card, student, equipment loans).

Our team

The Credit and SPG QR team is responsible for developing and maintaining models for valuation, risk, P&L calculations, as well as quoting and market making algorithms and analysis tools for the Global Spread business. The responsibilities of the team span the full range from new model specification, going through model approval, implementation of model in library, to integration into risk and P&L systems.


The opportunity is to join our New York team as an Associate or Vice President, with a focus on US residential mortgage modeling, including model development, maintenance, evaluation, and integration into risk and P&L infrastructure for the SPG business.

Key responsibilities include:

Development/Maintenance/Enhancement of mortgage models for the SPG business, as well as for other partners in mortgage business within the firm, such as CIO and Mortgage Banking.

Communicating with Model Risk Governance & Review groups in order to make models pass strict in-house standards, in particular document models and end-to-end processes for pricing and risk of SPG products to live up to both regulatory and in-house requirements.

Performing stress scenario analyses as required by the Firm, as well as tracking model performance on an ongoing basis.

Working closely with technology on integration of models in applications.

Develop and deliver quantitative tools and supporting analytics.

Support trading activities by explaining model and algorithm behavior, carrying out scenario analysis.


We are seeking candidates to fill in a modeling role in the QR mortgage modeling team. A successful candidate needs to demonstrate his/her ability to solve complicated modeling problems. A Ph.D. or Master degree in mathematics, physics, or other quantitative field is desired.

Essential skills:

• Strong mathematical, statistical, and problem solving skills

• Hands-on experience in data analysis and modeling

• Experience in programming (Python, C++, SAS, R)

• Ability to work in a high-pressure environment and a good team player.

• Prior experience of securitized products markets (RMBS/CMBS/ABS) is a plus.

• Excellent communication and writing skills.JPMorgan Chase & Co., one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. In accordance with applicable law, we make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as any mental health or physical disability needs.

Equal Opportunity Employer/Disability/Veterans