Team OverviewThe 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 SummaryAs 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)
ABOUT USJPMorganChase, 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 for more information about requesting an accommodation.
JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans
ABOUT THE TEAMJ.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.
