The Equity Volatility Specialist will develop quantitative tools for pricing analytics in derivatives, optimize risk management frameworks, and contribute to research on equity volatility strategies while collaborating with internal teams and clients.
Job Description
At J.P. Morgan, we are committed to fostering an environment where talented individuals can thrive and make a meaningful impact. As a Vice President in our Equity Volatility Research team in New York, you will play a pivotal role in developing quantitative tools for derivatives pricing analytics, hedging, back testing, and scenario analysis. Your work will help clients and internal teams identify portfolio risks and alpha opportunities. You will design optimal software frameworks for risk management and strategy models, contributing to innovative research in the derivatives space. If you are passionate about quantitative research and enjoy collaborating across teams, we encourage you to apply.
Job summary
As a member of the Equity Volatility Research team, you will develop quantitative tools for derivatives pricing analytics, hedging, back testing, and scenario analysis to help clients and internal counterparts identify portfolio risk and alpha opportunities. You will design optimal software frameworks for risk management and strategy models, and collaborate closely with internal teams to market the team's research.
Job responsibilities
Required qualifications, capabilities, and skills
Preferred qualifications, capabilities, and skills
About Us
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 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 Team
J.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.
At J.P. Morgan, we are committed to fostering an environment where talented individuals can thrive and make a meaningful impact. As a Vice President in our Equity Volatility Research team in New York, you will play a pivotal role in developing quantitative tools for derivatives pricing analytics, hedging, back testing, and scenario analysis. Your work will help clients and internal teams identify portfolio risks and alpha opportunities. You will design optimal software frameworks for risk management and strategy models, contributing to innovative research in the derivatives space. If you are passionate about quantitative research and enjoy collaborating across teams, we encourage you to apply.
Job summary
As a member of the Equity Volatility Research team, you will develop quantitative tools for derivatives pricing analytics, hedging, back testing, and scenario analysis to help clients and internal counterparts identify portfolio risk and alpha opportunities. You will design optimal software frameworks for risk management and strategy models, and collaborate closely with internal teams to market the team's research.
Job responsibilities
- Implement hedging strategies and back-testing for equity derivatives products, including exotics
- Develop tools for scenario analysis using historical and simulated market data for portfolios involving large data sets
- Use quantitative methods to identify model risk, market risk of derivative payoffs, and alpha opportunities
- Engage in new projects involving machine learning techniques and NLP to improve strategy performance
- Provide clear documentation and contribute to innovative research publications in equity volatility strategies, focusing on systematic approaches
- Collaborate closely with Sales, Structuring, and Trading teams
- Address client inquiries, produce customized analyses, and help market research findings
Required qualifications, capabilities, and skills
- Bachelor's, Master's, or Ph.D. degree in a quantitative discipline
- High proficiency in coding with Python, C++, and R
- Basic understanding of derivatives and risk metric dynamics
- Knowledge of machine learning and big data is advantageous
- Previous experience in quantitative research or structuring at an investment bank, or relevant buy-side experience
- Excellent written and verbal communication skills, with strong analytical abilities
- Self-motivated, team-oriented, detail-focused, and capable of thriving in a fast-paced, dynamic environment
Preferred qualifications, capabilities, and skills
- Prior experience in quantitative research, equity derivatives, or QIS structuring is a plus
About Us
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 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 Team
J.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.
Top Skills
C++
Python
R
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