Quantitative Research - Rates - Associate

Location: New York, NY, United States

Job Family: Associates

About the Role

JPMorgan Chase & Co. is a leading global financial services firm with assets of $3.7 trillion and operations worldwide. The Quantitative Research team within the Rates group at JPMorgan Chase plays a pivotal role in advancing our capabilities in interest rate modeling and research. As an Associate in Quantitative Research - Rates, you will join a dynamic team in New York, NY, focused on developing cutting-edge models for pricing, hedging, and risk management of interest rate products. This role offers the opportunity to contribute to high-impact projects that support our global trading and risk management operations, leveraging the firm's vast resources and market-leading position in fixed income. In this position, you will conduct in-depth research on stochastic processes and interest rate dynamics, collaborating closely with traders, risk managers, and technologists to translate theoretical models into practical applications. Your work will involve analyzing complex market data, innovating on algorithmic strategies, and ensuring models comply with evolving regulatory standards like those from the Federal Reserve and SEC. At JPMorgan Chase, you will benefit from exposure to sophisticated tools and datasets, fostering professional growth in a supportive environment that values innovation and excellence. The ideal candidate thrives in a collaborative, high-stakes setting and is passionate about quantitative finance. This associate-level role provides a platform for career advancement within one of the world's most respected financial institutions, with opportunities to influence key decisions in the rates business. Join JPMorgan Chase to shape the future of quantitative research in interest rates and drive value for our clients and stakeholders.

Key Responsibilities

• Develop and enhance quantitative models for pricing and risk management of interest rate derivatives
• Conduct research on advanced stochastic models for fixed income securities and rates products
• Collaborate with trading, risk, and technology teams to implement models in production systems
• Analyze market data to identify trends and improve model accuracy in volatile interest rate environments
• Perform backtesting and validation of models to ensure compliance with internal and regulatory standards
• Contribute to the innovation of algorithmic trading strategies for rates markets
• Mentor junior quants and associates on quantitative techniques and best practices
• Stay abreast of industry developments in quantitative finance and incorporate into research
• Support the Rates business line by providing quantitative insights for strategic decisions
• Document research findings and present to senior management and stakeholders

Required Qualifications

• Master's or PhD degree in Quantitative Finance, Mathematics, Physics, Computer Science, or a related field
• 3-5 years of experience in quantitative research, modeling, or risk management within the financial services industry
• Strong proficiency in programming languages such as C++, Python, or R for financial modeling
• Deep understanding of interest rate derivatives, fixed income markets, and stochastic calculus
• Experience with statistical analysis and machine learning techniques applied to financial data
• Ability to work in a fast-paced, collaborative environment in New York
• Authorization to work in the United States without sponsorship

Preferred Qualifications

• Prior experience at a major investment bank like JP Morgan Chase in rates quantitative research
• Publications or contributions to academic papers on interest rate modeling
• Familiarity with regulatory frameworks such as Basel III and Dodd-Frank impacting rates trading
• Experience with high-performance computing and large-scale data processing in finance
• CFA or FRM certification

Required Skills

• Proficiency in C++ and Python for quantitative modeling
• Expertise in stochastic calculus and partial differential equations
• Strong knowledge of interest rate models (e.g., Hull-White, LIBOR Market Model)
• Experience with Monte Carlo simulations and numerical methods
• Data analysis using SQL and big data tools like Hadoop
• Machine learning frameworks such as TensorFlow or scikit-learn
• Fixed income market knowledge, including swaps, bonds, and options
• Statistical modeling and time-series analysis
• Excellent problem-solving and analytical thinking
• Effective communication and presentation skills
• Team collaboration in cross-functional environments
• Attention to detail in model validation and testing
• Adaptability to fast-paced financial markets
• Project management for research initiatives
• Regulatory awareness in quantitative finance

Benefits

• Competitive base salary and performance-based bonus structure
• Comprehensive health, dental, and vision insurance plans
• 401(k) retirement savings plan with company matching contributions
• Generous paid time off, including vacation, sick days, and parental leave
• Professional development programs, including tuition reimbursement and certifications
• Employee stock purchase plan and access to financial wellness resources
• On-site fitness centers and wellness programs at JP Morgan Chase offices
• Flexible work arrangements and hybrid options in New York

JP Morgan Chase is an equal opportunity employer.