Quantitative Research - Credit - Vice President
Quantitative Research - Credit - Vice President
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Job Description
This role will focus on supporting the Credit Exotic business a key component of our leading Credit division among sellside institutions. J.P. Morgan Global Credit Trading provides toptier integrated financial services to a global clientele offering financial assets and liquidity solutions for banks insurance companies finance companies mutual funds and hedge funds. Our traders salespeople and research analysts collaborate to generate innovative ideas and maintain our competitive edge in the market. The Credit business facilitates secondary markets in highgrade bonds/CDS highyield bonds/CDS distressed bonds indices options correlation products and other exotic structures.
The Credit QR team is tasked with developing and maintaining models for valuation risk P&L calculations as well as creating quoting and marketmaking algorithms and analytical tools. Our responsibilities encompass the entire model lifecycle from new model specification and approval to ensuring compliance with internal policies and industry regulations implementing models in our library and integrating them into risk and P&L systems.
Job summary:
As an Vice President in the Quantitative Research Credit team your primary focus will be on pricing models delivering analytics as well as ensuring the QR team provides an effective toolkit to the Credit Exotic business. The role covers all aspects of QR support with a particular emphasis on assisting the desk with bespoke transactions enhancing risk management capabilities and modernizing the trading platform systems. Daily interaction with trading and structuring teams is expected as the team rotates between positions within the broader Credit QR team and the trading desk.
Job responsibilities:
- Collaborate with trading and structuring teams globally (London New York Paris and Hong Kong) to ensure their needs are captured
- Support trading of bespoke and hybrid structures and assist in analyzing hedging effectiveness and understanding P&L sources
- Explain model behavior conduct scenario analysis develop and deliver quantitative tools and support analytics
- Document ideas and implement solutions directly or coordinate with the broader team to achieve this
- Contribute to platform modernization by transitioning analytics to modern frameworks and decommissioning legacy systems
- Drive the automation agenda by minimizing repetitive tasks and contributing to the development of ecommerce platforms
- Write technical model documentation compliant with internal and regulatory standards and engage with model control teams to facilitate timely and efficient reviews and approvals
Required Qualifications Capabilities and Skills:
- Strong business and modelling knowledge from prior experience in fixedincome derivatives and exotics (credit or rates)
- You demonstrate exceptional analytical quantitative and technical problemsolving skills with a structured mathematical approach and thought process
- You have an advanced degree in mathematics statistics physics financial engineering or computer science
- You have at least 5 years of experience supporting a credit marketmaking desk or equivalent experience on both sellside and buyside firms
- You demonstrate an interest in good software design principles and familiarity with collaborative software development process in a dynamic and demanding environment
- You have a strong software design and data science skills
- You are a team player with excellent oral and written communication skills for interaction with trading technology and control functions
- You demonstrate proactive attitude with a natural interest in learning about our business models and infrastructure
- You have ability to work effectively in a highly dynamic environment with an attention to detail and focus on quality deliverables
Preferred Qualifications Capabilities and Skills:
- You have a Ph.D. in a numerate subject from a top academic institution
- You demonstrate experience in in Python and C
Required Experience:
Chief
Employment Type
Full-Time
