Job Location: Mumbai
Quantitative Research (QR) is an expert quantitative modeling group in J.P. Morgan, as well as a leader in financial engineering, data analytics, statistical modeling and portfolio management. As a global team, QR partners with traders, marketers and risk managers across all products and regions, contributes to sales and client interaction, product innovation, valuation and risk management, inventory and portfolio optimization, electronic trading and market making, and appropriate financial risk controls.
Opportunity
We are looking for an experienced candidate to join our team in Mumbai . The Market Risk QR: Time Series Management team’s mission is to help ensure valid data is fed into our in-house VaR models. The team works closely with internal stakeholders to ensure any data quality issue is remediated in a timely manner for accurate risk computation. We are also responsible for onboarding new time series which would enhance accuracy in market risk reporting.
In addition, we are providing on job training, intensive internal classroom training, and online courses, all given by our experienced quants. Through the diversity of the businesses it supports and the variety of functions that it is responsible for, Quantitative Research group provides unique growth opportunities for you to develop your abilities and your career.
We make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as any mental and physical health needs or particular family considerations.
If you are passionate, curious and ready to make an impact, we are looking for you.
Your Impact
You’ll contribute to the firm’s product innovation, effective risk management, financial risk controls. Specially, you’ll have the chance to:
- Analyze time series used for market risk calculations such as VaR across several asset classes;
- Identify spurious data like spikes and gaps, and liaise with stakeholders for remedial action;
- Onboard new risk factor time series to VaR to ensure accurate risk measurement;
- Assist in the production of scorecards distributed to several groups and senior management;
- Participate in projects relating to control issues/enhancements for market data quality improvement;
- Partner with technology teams to provide requirements for various data sourcing and remediation projects;
- Facilitate quarterly and annual audit processes to ensure compliance with regulatory bodies.
About You
- You have financial product knowledge across a range of asset classes;
- You have the ability to understand business processes and their risk implications, analyze complex situations, reach appropriate conclusions, and make feasible recommendations;
- You have excellent verbal and written communication skills;
- You have excellent interpersonal skills with an ability to develop effective and credible relationships;
- You demonstrate quantitative and problem-solving skills;
- You are a self-starter with a collaborative mindset to foster teamwork;
- You think strategically and creatively when faced with problems and opportunities;
- You’re attentive to detail, easily adaptable, and enthusiastic about knowledge sharing and collaboration.
Desirables
- Bachelor’s or master’s degree in STEM, Finance or relevant fields;
- Knowledge of market risk concepts and various financial products;
- Experience with performing statistical analysis on large sets of time series data;
- Proficient in Microsoft Excel, using advanced formulas, pivot tables, etc.;
- Experience in Python is an added advantage.
Beyond that, we’re interested in the things that make you unique: personal qualities, outside interests and achievements beyond academia and profession that demonstrate the kind of person you are and the differences you could bring to the team.
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. In accordance with applicable law, we make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as any mental health or physical disability needs.
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