Chase · 2 days ago
Quantitative Research – Equity Derivatives Exotics - Associate
270 Park Ave, New York, NY, 10017, US
Full-time
Onsite
Entry Level
$150K/yr - $200K/yr
3+ years expChase is a leading financial institution seeking a junior quant for their Quantitative Trading & Research Equity Derivatives team. The role focuses on implementing analytics, optimization, and modeling for Equity Exotic trading, with responsibilities including developing derivative products and evaluating quantitative methodologies.
FinanceBankingFinancial Services
Responsibilities
Develop a framework and key components to develop derivative products including life cycling and model validation, using dependency-graph programming and Python language
Model derivative products using C++ - Python hybrid programming to meet business requests
Drive payoff innovation using the product design framework and machine learning techniques
Streamline product review under the product design framework and provide clear model documentation to facilitate model approvals
Evaluate quantitative methodologies including identifying and monitoring model risks associated with derivative valuation models
Support trading activities by explaining model behavior, identifying major sources of risk in portfolios and carrying out scenario analyses
Qualification
Required
Master or PhD degree in a quantitative field from a top university
3+ years of experience in derivatives quantitative research
Strong programming skills in C++, Python and numerical packages
Experience with statistical analysis and machine learning
Experience with derivatives pricing models and equity derivatives products
Solid understanding of the application of Monte-Carlo simulation and finite-difference PDE in derivative pricing
Ability to communicate effectively with business stakeholders
Prior experience in a front-office quantitative research role
Experience or good knowledge in dependency-graph programming
Preferred
Knowledge of risk management frameworks and regulatory requirements
Benefits
Comprehensive health care coverage
On-site health and wellness centers
A retirement savings plan
Backup childcare
Tuition reimbursement
Mental health support
Financial coaching
Company
Chase
Chase provides broad range of financial services. It is a sub-organization of JP Morgan Chase.
10001+ employees
Funding
Current Stage
Late StageLeadership Team
Mike McDonnell
Managing Director, Head of Chase Travel Platform Product
Nicole Sanchez
Managing Director, Consumer Bank, GM and Product Executive, Growth Financial Products
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