Quantitative Trading Associate FX

Quantitative Trading & Research - FX Quantitative Trading - Associate

The FX Quantitative Trading team in New York is a dynamic team responsible for determining the desk's profitability. This team covers a wide range of responsibilities, including designing, trading, and execution strategies.

Job Summary

As an Analyst or Associate within the Quantitative Trading & Research (QTR) FX Quantitative Trading team, you will work as part of the QTR front-office team on the trading floor in New York. Given the dynamic nature of the environment, this role is tailored for an individual who is responsible, independent, and able to work in smooth coordination with the larger team to determine the desk's profitability. You will get a chance to cover a wide range of responsibilities, including designing trading and execution strategies; researching micro-patterns and trends; building, maintaining, and upgrading applications & tools; and supporting day-to-day operations.

Job Responsibilities

• Create, modify, and implement algorithmic orders to execute on behalf of clients as well as internal manual traders.
• Work closely with technology to develop cutting-edge, low-latency infrastructure that meets business needs in a scalable manner.
• Intelligently utilize internal and non-public sources of liquidity to minimize the impact of algorithmic order execution.
• Create generic and bespoke post-trade transaction cost analysis models and reports for evaluating algorithmic order executions.
• Create pre-trade transaction cost analysis to help clients choose algorithmic orders for appropriate execution.
• Perform statistical analysis of algorithmic order execution for internal use and to drive iterative improvements.
• Understand the firm's approach and policies for managing risks in the relevant business and applicable legal and regulatory rules, and follow policies.

Required Qualifications, Capabilities, And Skills

• Demonstrate an interest in market microstructures and quantitative trading.
• Demonstrate design and programming skills, with a primary focus on object-oriented programming languages (C++, Java, C#, etc.) and Python.
• Show an interest in applying agile development practices in a front-office trading environment.
• Exhibit excellent verbal and written communication skills, as this position involves frequent interaction with different teams in the firm and many non-technical users.
• Think strategically and creatively when faced with problems and opportunities. Eagerly look for new ways of doing things and understand the benefits of leveraging the firm’s scale.
• Demonstrate understanding in different types of risk and discuss in detail ways of managing these risks.
• Communicate concepts and ideas, both verbally and via documentation, and defend their validity while targeting messages to different audiences.

Preferred Qualifications, Capabilities, And Skills

• Degree in Engineering, Mathematics, Physics, Computer Science (or equivalent).
• Direct experience of agile software methodologies.
• Demonstrate macro markets experience and general trading concepts and terminology.
• Demonstrate experience of working with electronic venues.

About Us

JPMorgan Chase, 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.

Key skills/competency

• Quantitative Trading
• FX Markets
• Algorithmic Trading
• Programming (C++, Java, Python)
• Transaction Cost Analysis
• Market Microstructure
• Risk Management
• Agile Development
• Statistical Analysis
• Front-Office Trading