Quantitative Developer – Rates Systematic Trading; Associate (Mumbai)

Location: Mumbai, Maharashtra, India

Job Family: Sales/Mktg Global Population

About the Role

J.P. Morgan Chase & Co. is a leading global financial services firm with assets of $3.7 trillion and operations worldwide. We are seeking a talented Quantitative Developer to join our Rates Trading Strategies team in Mumbai as an Associate. In this role, you will play a pivotal part in developing cutting-edge systematic trading strategies for our rates business, leveraging advanced quantitative techniques to drive trading efficiency and profitability. The position is within our Sales/Marketing Global Population category, focusing on innovative solutions that support our institutional clients in navigating complex fixed income markets. As a Quantitative Developer, you will collaborate closely with traders, researchers, and engineers to build robust, scalable trading systems. Your responsibilities will include coding algorithmic models for rates products such as interest rate derivatives and government bonds, performing rigorous backtesting, and optimizing for real-time execution in our high-volume trading environment. At J.P. Morgan, we emphasize innovation and risk management, so you will integrate state-of-the-art tools like machine learning to enhance predictive analytics while ensuring compliance with global regulatory standards. This role offers exposure to the dynamic world of systematic trading, where your technical expertise directly impacts our market-making capabilities. Mumbai serves as a key hub for J.P. Morgan's Asia-Pacific operations, providing a vibrant, collaborative atmosphere with access to top-tier resources and mentorship. We value diverse perspectives and foster a culture of continuous learning, offering opportunities for career growth within our renowned Markets division. If you are passionate about quantitative finance and eager to contribute to one of the world's most influential financial institutions, this position at J.P. Morgan Chase provides the platform to excel.

Key Responsibilities

• Develop and maintain quantitative models and algorithms for systematic rates trading strategies
• Collaborate with traders and quants to design, test, and implement trading systems
• Optimize code for high-frequency trading environments, ensuring low latency and reliability
• Analyze market data to enhance predictive models for rates products
• Integrate machine learning and statistical methods into trading workflows
• Perform backtesting and simulation of trading strategies using historical data
• Troubleshoot and debug issues in live trading systems
• Contribute to the development of risk management tools for rates portfolios
• Stay updated on market trends and technological advancements in quantitative finance
• Document code and processes to ensure compliance and team knowledge sharing

Required Qualifications

• Bachelor's or Master's degree in Computer Science, Mathematics, Engineering, or a related quantitative field
• At least 3-5 years of experience in quantitative development or software engineering within financial services
• Strong proficiency in programming languages such as Python, C++, or Java
• Demonstrated experience in developing trading systems or quantitative models for rates or fixed income products
• Solid understanding of financial markets, particularly rates trading and systematic strategies
• Experience with data analysis tools and libraries (e.g., Pandas, NumPy)
• Ability to work in a fast-paced, collaborative environment

Preferred Qualifications

• Advanced degree (PhD) in a quantitative discipline
• Prior experience at a major investment bank or hedge fund in rates trading
• Familiarity with machine learning techniques applied to trading strategies
• Knowledge of regulatory requirements in financial trading (e.g., MiFID II, Dodd-Frank)
• Experience with cloud computing platforms like AWS or Azure in a financial context

Required Skills

• Proficiency in Python, C++, or Java for quantitative development
• Strong mathematical and statistical modeling skills
• Experience with financial data APIs and market data feeds
• Knowledge of rates products (e.g., interest rate swaps, Treasuries)
• Machine learning frameworks (e.g., TensorFlow, Scikit-learn)
• Database management (SQL, NoSQL)
• Version control systems (e.g., Git)
• Problem-solving and analytical thinking
• Attention to detail in high-stakes financial environments
• Effective communication and teamwork
• Understanding of algorithmic trading principles
• Risk assessment and mitigation techniques
• Agile development methodologies
• Linux/Unix operating systems
• Performance optimization for trading applications

Benefits

• Competitive base salary and performance-based bonuses
• Comprehensive health, dental, and vision insurance coverage
• Retirement savings plan with generous company matching
• Paid time off, including vacation, sick leave, and parental leave
• Professional development programs and tuition reimbursement
• Employee stock purchase plan and financial wellness resources
• On-site fitness centers and wellness initiatives
• Global mobility opportunities within J.P. Morgan's network

JP Morgan Chase is an equal opportunity employer.