Quantitative Developer – Rates Systematic Trading; Associate (Mumbai)

Location: Mumbai, Maharashtra, India

Job Family: Sales/Mktg Global Population

About the Role

At JPMorgan Chase & Co., one of the world's leading global financial services firms, we are seeking a talented Quantitative Developer to join our Rates Systematic Trading team in Mumbai as an Associate. This role offers a unique opportunity to drive innovation in algorithmic trading within the dynamic rates markets, where you'll contribute to strategies involving interest rate swaps, government bonds, and other fixed-income products. As part of our Global Markets division, you'll work at the intersection of cutting-edge technology and finance, pushing the boundaries of what's possible in systematic trading to deliver superior risk-adjusted returns for our clients and the firm. In this position, you will design, build, and optimize quantitative models and trading algorithms that power our automated trading platforms. Collaborating closely with quantitative researchers, traders, and software engineers, you'll leverage advanced programming skills to implement low-latency systems that respond to real-time market data. Your work will involve rigorous backtesting, performance analysis, and integration of machine learning techniques to enhance predictive capabilities, all while adhering to JPMorgan's stringent risk management and compliance standards in a highly regulated financial environment. We value professionals who thrive in a collaborative, fast-paced setting and are passionate about quantitative finance. This role not only provides exposure to sophisticated trading technologies but also offers avenues for career growth within JPMorgan Chase's vast global network. If you're ready to embark on an adventure that combines intellectual challenge with real-world impact, join us in Mumbai to shape the future of rates trading.

Key Responsibilities

• Develop and maintain quantitative models for systematic trading strategies in rates markets
• Implement algorithmic trading systems using Python, C++, and other tools to optimize execution
• Analyze large datasets from rates products to identify trading opportunities and risks
• Collaborate with traders and quants to refine models based on market feedback
• Backtest and validate trading strategies to ensure robustness and performance
• Integrate machine learning techniques to enhance predictive models for interest rate movements
• Monitor and troubleshoot live trading systems to minimize latency and errors
• Contribute to the development of risk management frameworks for rates portfolios
• Stay updated on regulatory changes affecting rates trading and ensure compliance

Required Qualifications

• Bachelor's or Master's degree in Computer Science, Mathematics, Engineering, or a related quantitative field
• 3-5 years of experience in quantitative development, preferably in financial services or trading systems
• Strong proficiency in programming languages such as Python, C++, or Java
• Demonstrated experience with data analysis and statistical modeling in a trading environment
• Knowledge of financial markets, particularly rates products like interest rate swaps and bonds
• Ability to work in a fast-paced, collaborative team environment

Preferred Qualifications

• Advanced degree (PhD) in Quantitative Finance, Physics, or related discipline
• Experience with systematic trading strategies or algorithmic trading platforms
• Familiarity with JPMorgan's proprietary trading systems or similar high-frequency trading environments
• Certifications in financial modeling or quantitative analysis (e.g., CFA Level 1 or FRM)

Required Skills

• Proficiency in Python for data analysis and model development
• Expertise in C++ for high-performance trading applications
• Strong understanding of rates financial instruments and derivatives
• Experience with statistical tools like NumPy, Pandas, and SciPy
• Knowledge of machine learning frameworks such as TensorFlow or scikit-learn
• Analytical problem-solving in quantitative finance contexts
• Effective communication for cross-functional team collaboration
• Attention to detail in model validation and risk assessment
• Adaptability to dynamic market conditions and regulatory environments
• Time management in high-pressure trading deadlines
• Familiarity with SQL for database querying in financial datasets
• Understanding of agile development methodologies
• Basic knowledge of cloud computing platforms like AWS for scalable trading systems
• Team-oriented mindset for mentoring junior developers

Benefits

• Competitive base salary and performance-based bonuses aligned with JPMorgan's compensation structure
• Comprehensive health, dental, and vision insurance for employees and dependents
• Retirement savings plan with generous company matching contributions
• Paid time off including vacation, sick leave, and parental leave policies
• Professional development programs, including tuition reimbursement and access to JPMorgan's learning academy
• Employee wellness initiatives, such as gym memberships and mental health support
• Global mobility opportunities within JPMorgan Chase's international network
• Stock purchase plan and other financial perks tailored to financial services professionals

JP Morgan Chase is an equal opportunity employer.