Quantitative Research Asset-Backed Securities - Associate

This is an exciting opportunity to use Machine Learning and other techniques to design pre-trade and risk analytics in the Asset-Backed Securities businesses.

Job summary

As an Associate in the Quantitative Research Structured Product Group (SPG) Asset-Backed Securities (ABS) team based in New York, you will engage in the design and implementation of risk and pre-trade analytics for these products.

We are broadly tasked with developing and maintaining models for valuation, risk, P&L calculations, as well as creating quoting and market-making algorithms and analytical tools.

The team also supports Commercial Mortgage-Backed Securities (CMBS), so there will be further opportunities for collaboration.

We utilize Machine Learning and other statistical techniques in developing these models, and then document them to satisfy high internal and regulatory standards.

Job responsibilities


* Develop, maintain, and enhance models for the SPG ABS businesses


* Document models to pass strict regulatory and in-house standards


* Develop and model performance tracking and regulatory analysis


* Work closely with technology teams on integration of models in applications


* Support trading activities by explaining model and algorithm behavior

Required qualifications, capabilities and skills


* MS or PhD in finance, mathematics, computer/data science, physics, or other quantitative field


* Strong financial modeling skills including Machine Learning


* Strong software design skills and ability to code models in Python and C++


* Excellent communication and writing skills


* Ability to work in a high-pressure environment and a good team worker

Preferred qualifications, capabilities and skills


* Structured product (ABS/CMBS) experience is a plus

JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P.

Morgan and Chase brands.

Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.

We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location.

Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions.

We also offer a range of benefits and programs to meet employee needs, based on eligibility.

These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more.

Additional details about total compensation and benefits will be ...