Quantitative Research - Exchange Traded Fund Market Making - Vice President

Job Description

Quantitative Research - Exchange Traded Fund (ETF) Market Making - Vice President

As an ETF Market Making Vice President, you will work in areas such as electronic trading, programming, and applied mathematics, with a keen interest to apply these techniques to financial markets and have a transformational impact on the business.

The broad objective is to drive and implement the automation of electronic market making for the ETF business, including quoting and hedging, risk management, and alpha research.

This position requires extensive use of data analytics, statistical techniques, and computer programming.

Job Responsibilities :

• Work closely with trading to build analytics and data-driven processes that automate and optimize trading quantitatively, with special focus on ETF trading.
• Contribute from idea generation to production implementation : perform research, design prototype, implement analytics and trading algorithms, support their daily usage and analyze their performance
• Develop pricing models for market making activities taking into consideration alpha signals, quantitative features, and historic behavior using statistics, machine learning or heuristics.
• Work with the business to recycle risk and devise hedging strategies accordingly.

Required Qualifications, Capabilities and Skills :

• Strong quantitative background, as well as practical problem-solving skills;
• Strongly interested in ETF markets, and electronic trading; and have previous exposure to the financial industry;
• Work closely with trading desks, understanding their business, and have a strong mind-set of ownership to have an impact on the way they operate;
• Demonstrate proficiency in code design and programming skills, with primary focus on Python, KDB, C++ or Java in an commercial environment;
• Have practical data analytics skills on real data sets gained through hands-on experience, and are able to handle and analyze complex, large scale, high-dimensionality data from varying sources;
• Quickly grasp business concepts outside immediate area of expertise and adapt to rapidly changing business needs;
• Think strategically and creatively when faced with problems and opportunities. You always look for new ways of doing things;
• Excellent communication skills, both verbal and written, can engage and influence partners and stakeholders.

Preferred Qualifications, Capabilities and Skills :

• Strong graduate degree (MS or PhD) in a quantitative field (Computer Science, Mathematics, Physics, Statistics, Economics, ...);
• Direct Experience with electronic trading or market making, and knowledge of trading algorithms;
• Knowledge of ETF markets or basis trading, in particular index products and models, is a plus, but not strict requirement;
• At least 1 to 3 years'+ experience in finance : electronic trading, portfolio analytics (risk modelling, portfolio optimization, synthetic trading, ETF trading), trading strategies (high to low frequency : market making, statistical arbitrage, option trading.
• or derivatives pricing and risk management
• Strong expertise in statistics and machine learning in financial industry, working knowledge of portfolio risk modelling and optimization;
• Robust testing and verification practices;

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 offer a competitive total rewards package including base salary determined based on the role, experience, skill set, and location.

For those in eligible roles, we offer discretionary incentive compensation which may be awarded in recognition of firm performance and 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 is an Equal Opportunity Employer, including Disability / Veterans

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.