45 Quantitative Analyst Jobs in New York, NY
JPMorgan Chase is Hiring a Quantitative Analyst Near New York, NY
DESCRIPTION:
Duties: Implement data driven and AI based Equity Exotic tools including parsing, pricing, execution, hedging, and back-testing. Utilize data and quantitative techniques, including stats, NLP and machine learning. Build data-driven hedging strategies for Equity Derivative products. Build framework to allow large scale back-testing of real and hypothetical portfolios over historical and simulated market data. Develop mathematical models for pricing, hedging and risk measurement of derivative securities within a quantitative library using C and Python programming languages. Evaluate quantitative methodologies including identifying and monitoring model risk associated with derivative valuation models. Support trading activities by explaining model behavior, identifying major sources of risk in portfolios and carrying out scenario analyses. Develop GUIs that traders can use to execute and book the trades, hedge their positions and monitor daily risk and PNL. Contribute from idea generation to production implementation: perform research, design prototype and implement analytics. Design and onboarding payoffs to strategic platform for end-to- end quoting and booking. Provide clear model documentation and work closely with the model review group to facilitate model approvals. Support trading team and risk organization in pricing and risk management of equity derivatives. Telecommuting permitted up to 20% of the week.
QUALIFICATIONS:
Minimum education and experience required: Master's degree in Mathematics of Finance, Computational Finance, Mathematical Finance, Financial Engineering, or related field of study plus 1 year of experience in the job offered.
Skills Required: Requires experience in the following: Derivatives modelling; Equity derivative products; Python; C ; Stochastic calculus; Time series analysis; Dynamic optimization; Statistical analysis; Machine learning; Linear algebra; parallelization and distributed computation; Digest requests.
Job Location: 383 Madison Ave, New York, NY 10017. Telecommuting permitted up to 20% of the week.
Full-Time. Salary: $205,000 - $285,000 per year.
Job Summary
Full Time
Banking
$83k-108k (estimate)
09/07/2024
11/06/2024
jpmorganchase.com
MCKINNEY, TX
>50,000
1968
>$50B
Banking
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About JPMorgan Chase
For over 200 years, JPMorgan Chase & Co has provided innovative financial solutions for consumers, small businesses, corporations, governments and institutions around the world. Today, we're a leading global financial services firm with operations servicing clients in more than 100 countries. Whether we are serving customers, helping small businesses, or putting our skills to work with partners, we strive to identify issues and propose solutions that will propel the future and strengthen both our clients and our communities. 2017 JPMorgan Chase & Co. JPMorgan Chase is an equal opportunity and... affirmative action employer Disability/Veteran.
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The following is the career advancement route for Quantitative Analyst positions, which can be used as a reference in future career path planning. As a Quantitative Analyst, it can be promoted into senior positions as a Data Analyst III that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Quantitative Analyst. You can explore the career advancement for a Quantitative Analyst below and select your interested title to get hiring information.
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