JP Morgan Chase - Vice President - Quantitative Research - Prime Services

About Quantitative Research - Quantitative Research (QR) is an expert quantitative modeling group in J.P. Morgan, as well as a leader in financial engineering, data analytics, statistical modeling and portfolio management. As a global team, QR partners with traders, marketers and risk managers across all products and regions, contributes to sales and client interaction, product innovation, valuation and risk management, inventory and portfolio optimization, electronic trading and market making, and appropriate financial risk controls.

Description for Internal Candidates

Prime Finance - VP

Mumbai, India

Job Description

As a Control Manager Vice President, you'll be responsible for leading and building out an enhanced control framework which supports a continuous and integrated approach to risk assessment. Additionally, you will ensure the team assists in top down risk analysis, real time control issue detection, escalation, root cause analysis and remediation.

- Create a proactive risk and control culture that leverages proven evaluation strategies and sound change management protocols

- Review and analyze program related data (e.g., KRI/KPI) to support business-related programs and strategies

- Provide leadership support for the end-to-end execution of the Risk & Control Self-Assessment, including control breaks and resolutions, to reduce financial loss, regulatory exposure, and reputational risk

- Engage with control colleagues across the firm, business, operations management, legal, compliance, risk, audit, regulators and technology control function We are looking for a senior quant to join our Prime Finance team in Mumbai. The Prime Finance QR team's mission is to develop and maintain sophisticated mathematical models, cutting-edge methodologies and infrastructure to value and hedge financial transactions of vanilla flow products. You will be working with trading desks, product managers and technology to develop analytical tools and quantitative trading models. In addition you will be working with different control functions to make sure business is operating under established regulatory requirements.

In addition, we are providing on job training, intensive internal classroom training, and online courses, all given by our experienced quants. Through the diversity of the businesses it supports and the variety of functions that it is responsible for, Quantitative Research group provides unique growth opportunities for you to develop your abilities and your career.

We make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as any mental and physical health needs or particular family considerations. If you are passionate, curious and ready to make an impact, we are looking for you

Your Impact

You will work with senior stakeholders in the Prime Finance businesses, as well as technology and risk teams, to drive the implementation of sophisticated tools/analytics and advance their risk/pricing workflow. This requires the development of new innovative models, as well as enhancements to existing models, that cover the areas below. A strong technology team will work alongside the quant team.

- Develop mathematical/statistical models for Prime desks to enhance business revenue and profitability for stock borrow-loan, cash and synthetic financing books;

- Devise solutions for systematic book management, improving the overall stability of our collateral and its respective uses;

- Improve the risk & pricing workflow of our Synthetics desk through the development of innovative tools

- Deliver quantitative analytics to the desks that drive decision making;

- Maintain adequate control functionality;

Minimum Skills, Experience and Qualifications

- Advanced degree (Masters, PhD, or equivalent) in Math, Sciences, Engineering or Computer Science;

- Significant work experience in a related field;

- Analytical, quantitative and problem-solving skills;

- Excellent communication and presentation skills, in particular to senior stakeholders;

- Understanding of statistics and financial mathematics;

- Financial knowledge of Delta 1 and Equity Derivatives product

- Software design and development skills, particularly in Python or C++;

- Team lead experience is desirable.