Job Description:
The Energy Quantitative Research team, part of the Quantitative Trading and Research organization, develops the valuation models, analytical tools, and risk infrastructure that underpins the global energy trading business. We partner closely with Trading, Structuring, Sales, and Technology to price complex products, manage risk, and accelerate commercial innovation.
Job summary:
As an Associate or Vice President in the Energy Quantitative Research team in New York or Houston, you will be supporting the global energy trading business, with an initial focus on North American power and gas.
Working closely with the trading desk as part of a front office-aligned quant team, you will use your advanced analytical skills and commercial mindset to help drive the growth of the business and the development of new products. You will have the opportunity to own high impact models end to end, from the initial research and design to the production implementation and ongoing enhancement.
Job responsibilities:
- Develop pricing and risk models for vanilla and structured products, including model development, production implementation, testing, governance and documentation
- Partner with Trading and Sales to develop new commercial opportunities
- Develop analytical tools for use by front office teams (pricing, model calibration, strategy backtesting etc)
- Provide quantitative analysis and support to front office teams and control functions
- Lead projects, manage priorities and take responsibility for results, partnering with other teams to deliver on cross-functional projects
- Provide technical support and guidance around the use of the models and tools developed by the team
Required qualifications, capabilities, and skills:
- Advanced degree (master's or PhD) in a quantitative field, or equivalent experience
- Deep understanding of the mathematical and numerical techniques used in valuation models, including stochastic calculus, probability theory, optimization, Monte Carlo methods etc
- Strong programming skills and knowledge of multiple languages (preferably including python and C++), with the ability to efficiently implement production quality models
- Commercially focused with excellent communication skills, and an ability to understand and anticipate desk needs and translate them into tangible deliverables
Preferred qualifications, capabilities, and skills:
- Familiarity with energy and commodities markets, and the financial and physical products traded
ABOUT USJPMorganChase, 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 provided during the hiring process.
We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans
ABOUT THE TEAMJ.P. Morgan's Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.
