About the Role
As a Summer Associate in the Quantitative Trading & Research Markets team at JPMorgan Chase, you will join a leading quantitative modeling group focused on systematic trading, financial engineering, data analytics, statistical modeling, and portfolio optimization. You will work closely with traders, sales, marketing, technologists, and risk managers across products and regions, supporting research and strategy deployment, client and sales engagement, product innovation, valuation and risk management, and inventory and portfolio optimization, including electronic trading and market-making activities. You will help build quantitative models, methodologies, and infrastructure to price, hedge, and trade financial products, advancing algorithmic trading and data-driven strategies such as statistical arbitrage.
Responsibilities
- Develop and maintain mathematical models and cutting-edge algorithms, methodologies, and supporting infrastructure.
- Value and hedge financial transactions across a range of products, from flow products to complex derivative deals.
- Support quantitative modeling and research that inform trading strategies and decision-making.
- Collaborate with trading teams to translate research insights into practical market applications.
- Partner with quantitative researchers, technologists, traders, marketing, and risk managers across teams.
- Conduct alpha research, calibrate model parameters, and optimize pricing of financial instruments to support growth and market share.
- Manage risk in existing portfolios.
Requirements
- Enrolled in a PhD program in a relevant field (e.g., mathematics, statistics, physics, engineering, computer science, data science, or machine learning).
- Graduating between December 2027 and August 2028.
- Demonstrates computer programming experience (e.g., Python, C++, or another programming language).
- Demonstrates analytical, quantitative, and problem-solving skills.
- Demonstrates research skills (through coursework, projects, or academic work).
- Works effectively in a dynamic, collaborative environment.
- Presents findings clearly to non-technical audiences through written and verbal communication.
- Attends a college or university in the United States.
Skills
- Python
- C++
- Analytical skills
- Quantitative skills
- Problem-solving skills
- Research skills
- Collaboration
- Written communication
- Verbal communication
- Options pricing theory
- Trading algorithms
- Machine learning
- Data science concepts
- Techniques
- Tools
Location
- New York Metro
Work Type
- Full-time
Experience Level
- PhD program enrollment
Education Level
- PhD
Benefits
- Comprehensive health care coverage
- On-site health and wellness centers
- Retirement savings plan
- Backup childcare
- Tuition reimbursement
- Mental health support
- Financial coaching
About the Company
- JPMorgan Chase is committed to creating an inclusive work environment that respects all people for their unique skills, backgrounds and professional experiences.
- 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.
- 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.
Equal Opportunity
- JPMorgan Chase is an equal opportunity and affirmative action employer Disability/Veteran
- 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.
- JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans
