JP Morgan Chase

Runs a consumer bank and an investment bank

Quantitative Trading & Research - EM Rates, Associate

Quantitative Trading / Algorithm DevelopmentConfirmed live in the last 24 hours

Full-timeNew York, NY, USA$150k - $200k

About the Job

Requirements

Demonstrate a strong interest in market microstructure and quantitative trading, particularly for emerging-market rates products including bonds, interest rate swaps, foreign exchange swaps, and government-bond repo.
Strong design and programming skills, primarily in object-oriented programming languages such as C++, Java, and C#, as well as Python.
Apply agile development practices within a front-office trading environment.
Think strategically and creatively when addressing problems and opportunities, seek new approaches, and understand the benefits of leveraging the firm's scale.
Understand different types of risk and be able to discuss in detail ways of managing those risks within emerging-market rates markets.
Communicate concepts and ideas verbally and through documentation, defend their validity, and tailor messages to different audiences.

Responsibilities

Create, modify, and implement algorithmic orders to execute emerging-market rates products, including bonds, interest rate swaps, foreign exchange swaps, and government-bond repo, for clients and internal manual traders.
Work closely with Technology to develop scalable, low-latency infrastructure that meets business needs.
Use internal and non-public liquidity sources to optimize electronic price discovery and hedging across emerging-market rates instruments.
Review, monitor, and track daily profit and loss from electronic market-making activity.
Contribute to the design and enhancement of electronic market-making trading systems across bonds, interest rate swaps, foreign exchange swaps, and government-bond repo.
Perform statistical analysis of algorithmic order execution for internal use and iterative improvements.
Follow the firm's approach and policies for managing risk in the emerging-market rates business, as well as applicable legal and regulatory requirements.

Desired Qualifications

A degree in Engineering, Mathematics, Physics, Computer Science, or an equivalent discipline.
Direct experience with agile software methodologies.
Experience in macro markets, particularly emerging-market rates products such as bonds, interest rate swaps, foreign exchange swaps, and government-bond repo.
Knowledge of general trading concepts and terminology, and experience working with electronic venues relevant to these products.
Demonstrated proficiency with AI-assisted coding tools, such as code-generation and completion assistants.

Team Overview

The EM Rates Quantitative Trading team in New York is a dynamic team responsible for coordinating with the larger team to determine the desk's profitability. This team covers a wide range of responsibilities, including designing, trading, and execution strategies across EM Rates products — Bonds, Interest Rate Swaps (IRS), FX Swaps, and Repo on Government Bonds.

Job Summary

As an Analyst or Associate within Quantitative Trading & Research (QTR) EM Rates Quantitative Trading team, you will work as part of the QTR front-office team on the trading floor in Sao Paulo or 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 for EM Rates products (Bonds, IRS, FX Swaps, and Repo Government Bonds); researching micro-patterns and trends; building, maintaining, and upgrading applications and tools; and supporting day-to-day operations.

Job Responsibilities

Create, modify, and implement algorithmic orders to execute EM Rates products—Bonds, IRS, FX Swaps, and Repo Government Bonds—for clients and internal manual traders.
Work closely with Technology to develop scalable, low-latency infrastructure that meets business needs.
Leverage internal and non-public sources of liquidity to optimize electronic price discovery and hedging across EM Rates instruments.
Review, monitor, and track daily P&L from electronic market-making activity.
Contribute to the design and enhancement of electronic market-making trading systems across Bonds, IRS, FX Swaps, and Repo Government Bonds.
Perform statistical analysis of algorithmic order execution for internal use and to drive iterative improvements.
Understand and consistently follow the firm’s approach and policies for managing risk in the EM Rates business, as well as applicable legal and regulatory requirements.

Required Qualifications, Capabilities, and Skills

Demonstrate a strong interest in market microstructure and quantitative trading, with particular relevance to EM Rates products (Bonds, IRS, FX Swaps, and Repo Government Bonds).
Strong design and programming skills are essential, with a primary focus on object-oriented programming languages (C++, Java, C#, etc.) and Python.
Apply agile development practices within a front-office trading environment and exhibit excellent verbal and written communication skills, as the position involves frequent interaction with different teams across the firm, including many non-technical users.
Think strategically and creatively when faced with problems and opportunities, eagerly seeking new ways of doing things and understanding the benefits of leveraging the firm's scale.
Understanding of different types of risk and the ability to discuss in detail ways of managing those risks within EM Rates markets is required.
Ability to communicate concepts and ideas, both verbally and via documentation, and defend their validity while tailoring messages to different audiences.

Preferred Qualifications, Capabilities, and Skills

A degree in Engineering, Mathematics, Physics, Computer Science, or an equivalent discipline
Direct experience with agile software methodologies.
Experience in macro markets, particularly EM Rates products such as Bonds, IRS, FX Swaps, and Repo on Government Bonds.
General trading concepts and terminology, is strongly preferred, as is experience working with electronic venues relevant to these products.
Demonstrated proficiency with AI-assisted coding tools (e.g., Copilot-style code generation and completion assistants)

Base Pay/Salary: New York,NY $150,000.00-$200,000.00

About the Company

JP Morgan Chase

Runs a consumer bank and an investment bank

JPMorgan Chase runs the largest bank in the United States, which serves households and small businesses as Chase and large companies, governments, and investors as J.P. Morgan. During the 2008 financial crisis it bought the failing investment bank Bear Stearns and lender Washington Mutual, and in 2023 it took over First Republic Bank after regulators seized it. Chase takes deposits and earns interest on credit cards, mortgages, and car loans, while the investment side earns fees for advising on mergers, raising money for companies, trading stocks and bonds, and managing wealth. Formed in a 2000 merger, JPMorgan Chase traces its roots to 1799 and is based in New York City.

Company size: 10,001+
Company stage: IPO
Headquarters: New York City, New York
Founded: 1799

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