FX Services - Quantitative Analyst - Associate

Location: LONDON, LONDON, United Kingdom

Job Family: Associates

About the Role

JPMorgan Chase & Co. is a leading global financial services firm with assets of $3.9 trillion and operations worldwide. Join our dynamic FX Services Product team in London as a Quantitative Analyst - Associate, where you'll play a pivotal role in shaping innovative foreign exchange solutions for institutional clients. This position offers the chance to leverage cutting-edge quantitative techniques to drive trading efficiency, manage risks, and enhance product offerings in one of the world's most liquid markets. As part of our Markets division, you'll contribute to a team that supports over $6 trillion in daily FX volume, collaborating with top-tier traders and technologists to deliver superior client outcomes. In this role, you'll develop sophisticated models for FX pricing and execution, analyze market data to uncover actionable insights, and integrate advanced algorithms into our proprietary platforms. Expect to tackle complex challenges such as optimizing trade execution amid volatility, incorporating machine learning for predictive analytics, and ensuring compliance with global regulations like MiFID II. Your work will directly impact JPMorgan's competitive edge in FX services, from spot trading to exotic derivatives, while fostering innovation in areas like automated hedging and real-time risk monitoring. We seek self-starters with a passion for quantitative finance who thrive in a collaborative, high-performance culture. At JPMorgan Chase, you'll have access to unparalleled resources, including vast datasets, state-of-the-art technology, and mentorship from industry leaders. This associate-level opportunity in London provides a platform for career growth within our global institution, with potential pathways to senior quantitative roles or leadership in FX product strategy. If you're ready to make a meaningful impact in financial markets, apply today to join our team.

Key Responsibilities

• Develop and enhance quantitative models for FX pricing, risk management, and algorithmic trading strategies
• Analyze large datasets from FX markets to identify trading opportunities and optimize execution algorithms
• Collaborate with traders, developers, and risk teams to implement and test new FX products and services
• Perform backtesting and validation of quantitative models to ensure accuracy and compliance with internal standards
• Monitor and respond to real-time market conditions, adjusting models for volatility and liquidity events
• Contribute to the innovation of FX services, including automation and machine learning integrations
• Prepare detailed reports and presentations on model performance for senior stakeholders
• Ensure adherence to regulatory frameworks and internal risk policies in all quantitative activities
• Support the integration of FX quantitative tools with broader JPMorgan trading platforms

Required Qualifications

• Bachelor's degree in Quantitative Finance, Mathematics, Computer Science, Engineering, or a related quantitative field
• Minimum of 3 years of experience in quantitative analysis, financial modeling, or FX trading systems within the financial services industry
• Strong proficiency in programming languages such as Python, C++, or Java for developing quantitative models
• Deep understanding of foreign exchange markets, including spot, forwards, options, and algorithmic trading strategies
• Experience with statistical analysis and machine learning techniques applied to financial data
• Knowledge of regulatory requirements in FX markets, such as EMIR and Dodd-Frank
• Ability to work in a fast-paced, high-stakes environment with cross-functional teams

Preferred Qualifications

• Master's degree or PhD in a quantitative discipline
• Prior experience at a major investment bank or financial institution in FX product development
• Familiarity with JPMorgan's proprietary trading platforms or similar systems
• Certifications such as CFA, FRM, or CQF
• Experience in risk management or pricing models for FX derivatives

Required Skills

• Quantitative modeling and statistical analysis
• Programming in Python, C++, or Java
• FX market knowledge and trading mechanics
• Machine learning and data analytics
• Financial risk assessment and hedging strategies
• Algorithmic trading development
• Data visualization tools like Tableau or MATLAB
• Problem-solving and analytical thinking
• Communication and stakeholder collaboration
• Attention to detail and regulatory compliance
• Time management in high-pressure environments
• Teamwork and cross-functional project management
• SQL and database querying for financial data
• Backtesting and simulation techniques
• Adaptability to evolving market conditions

Benefits

• Competitive base salary and performance-based annual bonus
• Comprehensive health, dental, and vision insurance coverage
• Generous 401(k) matching and pension plan contributions
• Paid time off including vacation, sick leave, and parental leave
• Professional development programs and tuition reimbursement for advanced certifications
• Employee stock purchase plan and financial wellness resources
• On-site fitness centers, wellness programs, and mental health support
• Global mobility opportunities within JPMorgan Chase's international network

JP Morgan Chase is an equal opportunity employer.