Quantitative Credit Research - Associate

Job Description
We are seeking a highly skilled and motivated Associate to join our Credit Quantitative Research team, specifically within the Public Finance team that focuses on municipal bonds and derivatives. Municipal bonds are credit products that are similar to corporate bonds, except that there are special tax-related features and the issuers are different; example issuers of municipal bonds include local governments and municipalities. This is a unique opportunity and you will be involved in comprehensive analytics, models, and tools used in various trading activities, including Algo municipal bond market making.
In addition to traditional quantitative methods, the team is keen to explore and integrate various AI/ML methodologies into our modeling approach. This involves a scientific exploration of innovative techniques, with a focus on developing and deploying proven results in a production setting end-to-end. You need to be a forward-thinking individual who can bridge the gap between cutting-edge research and practical application, ensuring that AI/ML models are robust, scalable, and aligned with business objectives.
As an Associate for our Quantitative Research Team, you will have the opportunity to collaborate with cross-functional teams, leveraging AI/ML to enhance our trading strategies and decision-making processes. This is an exciting role for those who appreciate how every part of the business connects well together and are eager to contribute to the evolution of our quantitative research capabilities.
Job Responsibilities:

• Develop, enhance and support quantitative models and analytics for municipal bonds and municipal derivatives.
• Collaborate with market makers, traders, and other stakeholders to support trading activities and strategies.
• Analyze market trends and large datasets, translating them into actionable insights using various methodologies relevant to the projects.
• Design and implement tools and systems end-to-end, ensuring that models and analytics comply with industry best practices.
• Foster a deep understanding of how different parts of the business connect and contribute to the overall success of both the individual and the team.
• Drive projects with a keen eye from a quantitative research perspective, ensuring they progress in the right direction for long-term success.

Required Qualifications, Capabilities, and Skills:

• A post-graduate degree in a STEM discipline (e.g., Mathematics, Physics, Engineering, Computer Science) with hands on experience in statistical modeling.
• Minimum 1-2 years of direct experience in a quantitative research or related role within the financial industry.
• Knowledge of fixed-income markets and credit-related products, e.g. corporate bonds, and/or municipal bonds.
• Proficiency in working with industrial-strength large code base and working with programming languages such as Python including pandas/numpy.
• Excellent analytical skills with a keen attention to detail and a systematic approach to problem-solving, with a willingness to explore new ideas.
• Ability to work collaboratively in a fast-paced, dynamic environment, while also demonstrating independent and critical thinking skills, as well as exceptional organizational capabilities.
• Strong communication skills to effectively convey complex concepts to non-technical stakeholders.

Preferred Qualifications, Capabilities, and Skills:

• Expertise in time series data modeling, with the ability to experiment with and apply various modeling techniques to enhance predictive accuracy and insights.
• Expertise in derivatives pricing, with focus on interest rate and credit products and models.

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.