Job Description
The Quantitative Trading & Research (QTR) group is responsible for systematic
trading across FX, Rates, Commodities, Credit, Equity and a wide range of
markets. Within QTR, AI Market Lab brings together quantitative research, modern
artificial intelligence, market microstructure, and high-performance engineering
to develop the next generation of electronic trading capabilities. Our work
spans signal research, pricing, market making, execution, portfolio
construction, risk management, and the production systems that support them. We
are hiring globally across New York, London, Singapore, and Hong Kong.
Job Summary
As an Associate or Vice President in the QTR Team, you will come with deep
expertise in market microstructure and high- to medium-to-high-frequency trading
to drive research on how electronic markets behave at fine time scales—and how
that structure can be converted into robust, deployable systematic strategies.
This is a research-forward role. You will frame problems, build measurement and
simulation machinery, run careful ablation studies, and develop
models/strategies that hold up across venues, regimes, and operational
constraints. The ideal candidate has worked close to live trading systems and
can translate research insights into execution- and latency-aware designs.
Job Responsibilities
Analyze high-frequency market data, including Level 2 and, where available,
Level 3 or Level 4 order-book and order-event data, to identify predictive
structure and trading opportunities.
Develop alpha signals and trading features based on order flow, liquidity,
queue dynamics, price formation, cross-venue behavior, and short-horizon
market response.
Design, backtest, and implement market-making and risk-taking strategies,
including pricing, order placement, cancellation, queue-position management,
fill-probability estimation, and inventory control.
Develop realistic research and simulation methodologies incorporating
latency, fees, rebates, market impact, adverse selection, and operational
constraints.
Optimize strategy performance across signal generation, portfolio or position
sizing, execution, and intraday risk management.
Work closely with traders, quantitative developers, technology partners,
exchanges, and ECNs to move strategies into production and improve them using
live performance and markout analysis
.
Required Qualifications
Advanced degree or equivalent practical experience in mathematics,
statistics, physics, computer science, engineering, financial engineering, or
a related quantitative discipline.
2+ years of full-time quantitative research experience in high-frequency /
medium-frequency trading, electronic market making, or systematic execution.
Strong understanding of electronic market mechanics: order types, matching
engines, queue priority, microstructure invariants, liquidity formation, and
market impact/adverse selection.
Evidence of contributing to strategies used in live markets, including a
clear understanding of the research-to-production workflow and the sources of
performance degradation in deployment.
Strong programming and data-analysis skills in Python; proficiency in C++ or
another high-performance language is highly desirable.
Demonstrated rigor in experimental design and evaluation—ability to separate
economically meaningful effects from overfitting, leakage, optimistic fills,
and regime-specific artifacts.
Preferred Qualifications
Experience independently owning a strategy, managing a trading book, or
leading a quantitative research workstream.
Deep expertise in one or more areas: high-frequency market making,
short-horizon alpha, execution research, multi-venue routing/optimization, or
microstructure modeling.
Experience across FICC markets or multiple asset classes; outstanding
equities specialists interested in transitioning to FICC are encouraged.
Familiarity with machine learning, deep learning, or reinforcement learning
applied to limit-order-book modeling, execution, or control problems.
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.
We offer a competitive total rewards package including base salary determined
based on the role, experience, skill set and location. Those in eligible roles
may receive commission-based pay and/or discretionary incentive compensation,
paid in the form of cash and/or forfeitable equity, awarded in recognition of
individual achievements and contributions. We also offer a range of benefits and
programs to meet employee needs, based on eligibility. These benefits include
comprehensive health care coverage, on-site health and wellness centers, a
retirement savings plan, backup childcare, tuition reimbursement, mental health
support, financial coaching and more. Additional details about total
compensation and benefits will be provided during the hiring process.
We recognize that our people are our strength and the diverse talents they bring
to our global workforce are directly linked to our success. 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. Visit our FAQs
[https://careers.jpmorgan.com/us/en/how-we-hire/faqs] for more information about
requesting an accommodation.
JPMorgan Chase & Co. is an Equal Opportunity Employer, including
Disability/Veterans
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.