CIB QR - QuantitativeResearch - Commodities Quantitative Analyst - Vice President
JPMorgan Chase &
: $170,030.00 - $170,030.00 /year *
: Financial Services - Banking/Investment/Finance
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CIB QR - QuantitativeResearch - Commodities Quantitative Analyst - Vice PresidentReq #: 190066985_1Location: New York, NY, USJob Category: Quantitative ResearchJob Description:JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.7 trillion and 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.This is a quantitative analyst position within the Commodities Quantitative Research team, with responsibilities including developing and maintaining models on power and natural gas used for valuation, risk, profit/loss calculations, as well as quoting and market making algorithms and analysis tools.Core responsibilities:* Develop models and implement them in software for pricing and risk managing derivatives* Develop pricing and calibration tools* Benchmark and compare results of various techniques* Implement products using pricing engines and models* Work on developing models supporting structured transactions specialized for the needs of the power and gas businesses* Collaborate with the technology team in the development of physical logistics systems, tools and reports* Use data analysis and/or advanced statistics to identify proxy hedging strategies* Explain model behavior and predictions to traders, identify major sources of risk in portfolios, carry out scenario analyses,* provide guidance / debug analytics* Rapid prototyping of models and productsQualifications:* Relevant quantitative modelling and/or derivatives trading desk support experience with power and natural gas modeling* Deep understanding of options pricing theory (i.e. quantitative models for pricing and hedging derivatives)* Excellence in probability theory, stochastic processes, partial differential equations, and numerical analysis* Strong analytical, modeling and problem solving abilities* Exposure to Athena-like systems, Python and C++* Object oriented programming skills with emphasis on numerical methods* Good communication skills* PhD, Masters or equivalent degree in a technical field from a top-tier school/program: Mathematics, Mathematical* Finance, Sciences, Engineering, Computer Science Associated topics: analyse, analysis, business analytic, business systems analyst, consult, examiner, financial reporting analyst, government, monitor, refine
* The salary listed in the header is an estimate based on salary data for similar jobs in the same area. Salary or compensation data found in the job description is accurate.