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Location

Mumbai | India

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Job description

Job Description

 

Join the dynamic and fast-growing Global Quants Group at J.P. Morgan in Mumbai, an integral part of our global teams. This role offers a unique opportunity to provide comprehensive insights that promote our Investment Banking, Structuring, Sales & Trading, and Research businesses worldwide. As a Quant, you'll support the Valuation Control Group & Model Risk Management, playing a crucial role in assessing the firm's booking models and developing new ones as needed. This position is dedicated to the QR agenda for the Valuation Control Group, a firm-wide function responsible for independent price verification and fair value adjustments.

As a Quantitative Research Associate in the Global Quants Group, you will have the opportunity to work in a dynamic and growing team in a fast-paced and challenging area. You will partner with the Business to provide a comprehensive view, support the activities of Valuation Control Group & Model Risk Management globally, and play a critical role in providing effective, timely, and independent assessments of the Firm’s booking models of exotic structures. You will also help in developing new models for structures as and when necessary.

 

Job responsibilities

• Build analytics to calculate fair value and limitation adjustments, calibrate model parameters and analyze price dynamics of actual transactions on a cumulative and real time basis for use against independent prices in Model Development: .  
• Understand risks/issues associated with various pricing models and develop model risk mitigation and quantification of those limitations in Model Validation .
• Work alongside VCG to devise and implement sophisticated and consistent methodology for solving business problems including but not restricted to position netting for use in calculation of valuation adjustments and other adjustments for use within regulatory frameworks.
• Responsible for full-range of programming tasks – problem analysis, solution determination, code design and tool development, integration test and documentation. 
• Familiar with internal and regulatory guidelines on Model assessment and Documentation and experience in tools like LaTex; 

 

Required qualifications, capabilities, and skills

• Highly analytical bent of mind and quantitative skills; 
• Good verbal and written communication and team skills in a multi-location set up
• Strong understanding of financial products – mathematics of their valuations and risks associated with them
• Knowledge of C++/Python
• Close attention to detail and ability to work to very high standards
• Relevant experience of at least 3 years in similar roles in Quant Research and Model Development

 

About Us

JPMorgan Chase & Co., 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 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.

About the Team

The Corporate & Investment Bank is a global leader across investment banking, wholesale payments, markets and securities services. The world’s most important corporations, governments and institutions entrust us with their business in more than 100 countries. We provide strategic advice, raise capital, manage risk and extend liquidity in markets around the world.

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Job tags

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Salary