Full-Time
JP Morgan Chase
10,001+ employees
Global financial services and investment banking
No salary listed
Mid
London, UK
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- Excellence in probability theory, stochastic processes, statistics, partial differential equations, and numerical analysis
- MSc, PhD or equivalent in a quantitative discipline
- Inquisitive nature, ability to ask right questions and escalate issues
- Excellent communication skills (written and verbal)
- Good understanding of option pricing theory (i.e. quantitative models for pricing and hedging derivatives)
- Good coding skills, for example in C/C++ or Python
- Carry out model reviews: analyze conceptual soundness of complex pricing models, engines, and reserve methodologies; assess model behavior and suitability of pricing models/engines to particular products/structures
- Provide guidance on model usage and act as first point of contact for the business on all new models and changes to existing models
- Develop and implement alternative model benchmarks and compare the outcome of various models; Design model performance metrics
- Liaise with model developers, Risk and Valuation Control Groups and provide guidance on model risk
- Evaluate model performance on a regular basis
- Experience with interest rates derivatives
- Experience in a FO or model risk quantitative role
JPMorgan Chase & Co. provides a wide range of financial services to individuals, small businesses, corporations, governments, and institutions across more than 100 markets worldwide. Its services include investment banking, asset management, financial transaction processing, and consumer banking, which encompasses personal banking, mortgages, credit cards, and auto financing. The company utilizes its extensive expertise and proprietary data to deliver high-quality financial products and services, generating revenue through interest income, service fees, and commissions from trading activities. What sets JPMorgan Chase apart from its competitors is its commitment to integrity, service, and community development, as seen in its initiatives to support veterans and strengthen local communities. The company's goal is to provide comprehensive financial solutions while also contributing positively to society and the economy through data-driven insights and community support.
Company Size
10,001+
Company Stage
IPO
Headquarters
New York City, New York
Founded
1959
Simplify's Take
What believers are saying
- JPM Coin could reduce transaction costs and increase efficiency in cross-border payments.
- The Indiana bicycle facility may boost JPMorgan Chase's community ties and reputation.
- Diversification through strategic investments may mitigate risks and enhance long-term growth.
What critics are saying
- Fintech competition could erode JPMorgan Chase's market share.
- DeFi platforms threaten traditional banking models, impacting revenue streams.
- CBDCs may disrupt JPMorgan Chase's cross-border payment services.
What makes JP Morgan Chase unique
- JPMorgan Chase's JPM Coin positions it as a leader in blockchain integration.
- The firm's investment in Guardian Bikes showcases its commitment to American manufacturing.
- Strategic stake acquisitions in diverse companies enhance JPMorgan Chase's growth prospects.
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Benefits
Health Insurance
Flexible Work Hours
Paid Sick Leave
Paid Holidays
Company News
While Americans are worried about the economy, it hasn’t kept them from spending. As The Wall Street Journal (WSJ) reported Tuesday (April 15), Bank of America’s latest earnings report showed consumer spending increasing when tariff worries first appeared. This followed last week’s JPMorgan Chase earnings, which also showed upticks in credit card and debit card spending. Bank executives also noted that spending has remained consistent since the quarter ended, even after President Donald Trump’s “Liberation Day” brought substantial new tariffs. JPMorgan argues that some of that might have been people making purchases to escape tariff-related price increases
J.P. Morgan Chase CEO Jamie Dimon said the President Donald Trump administration should quickly initiate negotiations with China and United States allies to end the uncertainty around tariffs.The uncertainty is making people unsure they can “rely on America,” Dimon said, in an interview with the Financial Times published Tuesday (April 15).Of the U.S.-China trade war, Dimon said, per the report: “I don’t think there’s any engagement right now … it doesn’t have to wait a year. It could start tomorrow.”Of U.S. allies, he said: “I would want to negotiate eventually with Europe, with the U.K., with Japan, Korea, Australia, Philippines, and have a very strong economic relationship.”The announced tariffs — which were “dramatically different” from what people had expected — together with the subsequent changes in trade policies and attacks on independent regulators, have led some investors to question America’s position as the world’s leading market, Dimon said in the report.“We should be careful,” Dimon said, per the report. “I don’t think anyone should assume they have a divine right to success and therefore don’t worry about it.”During a Tuesday press conference, White House Press Secretary Karoline Leavitt shared a statement from Trump in which he said, “The ball is in China’s court.”“China needs to make a deal with us; we don’t have to make a deal with them,” Leavitt said, sharing the statement in a video posted on social platform X by the White House’s Rapid Response 47 account. “There’s no difference between China and any other country except they are much larger, and China wants what we have, what every country wants, what we have, the American consumer
Visa, Mastercard, and other payment giants have accelerated their stablecoin layouts, while JPMorgan Chase launched its institutional-grade JPM Coin cross-border settlement network in Q4 2024.
A fresh wave of tariffs from President Donald Trump — despite a temporary pause on many — has unleashed chaos across global markets, reigniting trade tensions and rattling investors. But billionaire hedge fund manager Ray Dalio says the real storm is still to come. On April 7, in a lengthy social media post, Dalio argued that the recent tariff drama is merely a symptom of deeper, structural problems. “We are seeing a classic breakdown of the major monetary, political, and geopolitical orders,” he wrote. Dalio outlined five forces he described as reshaping the global landscape. 1
JPMorgan Chase & Co. purchased a new stake in Mesoblast in the 4th quarter worth $50,000.