Quantitative Research - Credit Trading Bond Portfolio Strategist - Executive Director at JPMorgan Chase Bank, N.A. in New York, New York

Job Description:

Our team

The Credit QR Electronic Market Making team works closely with traders to cover Credit flow products, including Corporate Bonds and Index products. We apply a scientific approach to trading by combining an understanding of market microstructure with modern data analytics to develop quoting, market-making and hedging strategies. The team is also responsible for improving traders' workflow and creating new analytical tools.

The Credit QR EMM team is a part of Spread QR, which is responsible for developing and maintaining models for valuation, risk, P&L calculations and analysis tools for the Credit, SPG and Public Finance businesses. The responsibilities of the team span the full range from new model specification, applying for model approval, implementation of model in library, to integration into production systems as well as their day-to-day support.

Opportunity

This exciting opportunity is at the intersection of trading, data science and quantitative research. The candidate would join our Spread QR EMM team in New York as a Vice President, working as part of the Credit Trading desk to shape the future of the bond portfolio trading business. This is a unique opportunity to get exposure to trading and markets while maximally leveraging the candidate's quantitative skill set.

Key responsibilities could include:

• Working with the trading desk to identify new business opportunities and to ensure optimal usage of automated strategies and analytical tools in the bond portfolio space
• Research, back-testing and reporting on portfolio trading, portfolio hedging and liquidation strategies, as well as ongoing improvements to related infrastructure
• Development, deployment and support of algorithms and tools for real-time pricing of corporate bond portfolios and ETFs in our in-house system
• Applying machine learning and statistical analysis to market movements and trade data
• Development of business intelligence tools
• Written and verbal communication with Model Review Groups in order to make models pass strict in-house standards

Requirements

We work in a very dynamic environment, and excellent communication skills are required in our interaction with trading, technology, and control functions. The role requires a commercial mindset, with a detailed understanding of the corporate bond and ETF markets, gained from several years of previous experience. A healthy interest in good software design principles is important. A Ph.D. in a numerate subject from a top academic institution is a plus, but not an absolute requirement.

Essential skills:

• Experience with building and using factor models for portfolio risk and return modeling.
• Familiarity with fixed income analytics such as curve building and spread analytics.
• Strong data science background, including statistics, probability and machine learning, especially dimensionality reduction methods (factor models, component analysis, etc.)
• Good programming and OO design skills, most likely obtained using C++. In addition, Python would also be a plus as would experience with reactive programming.
• Excellent practical data analytics skills on real data sets, including familiarity with methods for working with large data and tools for data analysis (pandas, numpy, scikit, TensorFlow).
• Attention to detail: thorough and persistent in delivering production quality analytics.
• Ability to work in a high-pressure environment.
• Pro-active attitude: a self-learner, the candidate should be passionate about problem solving and should have a natural interest to learn about our business, models and infrastructure.

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

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