Job Description
Full Job Description
J.P. Morgan's Markets Group (part of CIB Research & Analytics) in Mumbai was set up as an extension of the Firm's global markets teams across regions. It's a growing team covering multiple asset classes within the Markets umbrella - Fixed Income /Equities - across geographies. The activities can be broadly bucketed as Sales , and Trading & Structuring .
The Sales teams are extensions of local markets sales teams, and work on end-to-end product support for derivative trades in the given asset classes. Work includes Pitchbooks, pricing, backtesting and analysis and legal documentation of the products - both vanilla and exotic derivatives.
The Structuring and Trading team in Mumbai will be part of the Global Equity and Credit Derivative Groups. The work involves maintenance, creation, and development of new tradable assets, on which J.P. Morgan sells derivative products to clients (delta one swaps, notes, certificates, options etc.). The key responsibilities of the team include back testing and analysis of existing and new proprietary strategies, structuring and pricing of derivative products, making marketing material and legal documents etc. Overall, the candidate will need to work closely with the Investable Indices Team (part of Cross-asset Derivatives Structuring Teams) and will need to be proactive to improve desk efficiencies, access and learn J. P. Morgan's highly sophisticated strategies.
Job responsibilities
New product development : Implementing new ideas that team generates, devising/improvising on new strategies, coding and backtesting strategies in Python.
Idea analysis and generation: Working with the Structuring/Sales desks on various flow and tailor-made structuring requests, building models in excel, back-testing of strategies, reconciling back-tests prepared in parallel. Expected to take up initiatives to come up with product ideas based on market research and analysis.
Model development : Perform in-depth data analysis, using statistical and machine learning techniques, to creatively build alpha-generating investable index strategies catering to the diverse needs of institutional clients.
Product Pricing: Devise and provide pricing on derivative structures using internal pricing models as per the client requirements.
Maintenance of existing Systematic Trading Strategies : J.P. Morgan is one of the leading providers of investable indices to its clients. Candidate will be required to learn these complex strategies and maintain them on a python-based platform which involves reconciliation of existing strategies, coding trading and client specific reports.
Platform Development : Role offers good opportunities to independently suggest ideas and manage J.P. Morgan Investable Indices platform development.
Business Intuition and Market Monitoring: Translate business needs into quantitative analyses and tools; communicate complex results to senior stakeholders in a clear and precise manner. Compile periodic reports on key developments in the economy, interest rate and currency markets and providing customized market outlook based on internal market research reports.
Required Qualifications, Skills and Capabilities
Strong knowledge and experience in pricing of derivatives - indices, futures, or options. Analytical aptitude and ability to learn financial concepts
Strong knowledge of Equities, FX, Rates, Fixed Income or Commodities
Proven experience programming in any object-oriented programming language or functional (statistical/numerical) programming language (Python, R etc.)
Knowledge of probability theory, statistics and machine learning would be an advantage.
Good communication and team skills in a multi-location set up. Strong communication skills (both written and verbal) and ability to present findings to a non-technical audience
Must be willing to work in Asia, UK or US hours depending on the alignment of work.
Close attention to detail and ability to work to very high standards
Preferred Skills:
Strong knowledge of Credit derivatives
Proven programming experience in Python
Proven experience in derivative pricing or backtesting
JPMorgan Chase & Co., 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 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, ****** orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. In accordance with applicable law, we make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as any mental health or physical disability needs.
J.P. Morgan's Markets Group (part of CIB Research & Analytics) in Mumbai was set up as an extension of the Firm's global markets teams across regions. It's a growing team covering multiple asset classes within the Markets umbrella - Fixed Income /Equities - across geographies. The activities can be broadly bucketed as Sales , and Trading & Structuring .
The Sales teams are extensions of local markets sales teams, and work on end-to-end product support for derivative trades in the given asset classes. Work includes Pitchbooks, pricing, backtesting and analysis and legal documentation of the products - both vanilla and exotic derivatives.
The Structuring and Trading team in Mumbai will be part of the Global Equity and Credit Derivative Groups. The work involves maintenance, creation, and development of new tradable assets, on which J.P. Morgan sells derivative products to clients (delta one swaps, notes, certificates, options etc.). The key responsibilities of the team include back testing and analysis of existing and new proprietary strategies, structuring and pricing of derivative products, making marketing material and legal documents etc. Overall, the candidate will need to work closely with the Investable Indices Team (part of Cross-asset Derivatives Structuring Teams) and will need to be proactive to improve desk efficiencies, access and learn J. P. Morgan's highly sophisticated strategies.
Job responsibilities
New product development : Implementing new ideas that team generates, devising/improvising on new strategies, coding and backtesting strategies in Python.
Idea analysis and generation: Working with the Structuring/Sales desks on various flow and tailor-made structuring requests, building models in excel, back-testing of strategies, reconciling back-tests prepared in parallel. Expected to take up initiatives to come up with product ideas based on market research and analysis.
Model development : Perform in-depth data analysis, using statistical and machine learning techniques, to creatively build alpha-generating investable index strategies catering to the diverse needs of institutional clients.
Product Pricing: Devise and provide pricing on derivative structures using internal pricing models as per the client requirements.
Maintenance of existing Systematic Trading Strategies : J.P. Morgan is one of the leading providers of investable indices to its clients. Candidate will be required to learn these complex strategies and maintain them on a python-based platform which involves reconciliation of existing strategies, coding trading and client specific reports.
Platform Development : Role offers good opportunities to independently suggest ideas and manage J.P. Morgan Investable Indices platform development.
Business Intuition and Market Monitoring: Translate business needs into quantitative analyses and tools; communicate complex results to senior stakeholders in a clear and precise manner. Compile periodic reports on key developments in the economy, interest rate and currency markets and providing customized market outlook based on internal market research reports.
Required Qualifications, Skills and Capabilities
Strong knowledge and experience in pricing of derivatives - indices, futures, or options. Analytical aptitude and ability to learn financial concepts
Strong knowledge of Equities, FX, Rates, Fixed Income or Commodities
Proven experience programming in any object-oriented programming language or functional (statistical/numerical) programming language (Python, R etc.)
Knowledge of probability theory, statistics and machine learning would be an advantage.
Good communication and team skills in a multi-location set up. Strong communication skills (both written and verbal) and ability to present findings to a non-technical audience
Must be willing to work in Asia, UK or US hours depending on the alignment of work.
Close attention to detail and ability to work to very high standards
Preferred Skills:
Strong knowledge of Credit derivatives
Proven programming experience in Python
Proven experience in derivative pricing or backtesting
JPMorgan Chase & Co., 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 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, ****** orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. In accordance with applicable law, we make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as any mental health or physical disability needs.
💡 Quick Summary
Seeking a career-building opportunity? The Credit Structuring|Assoc position is now open for candidates interested in the Bank Jobs sector. This role in Mumbai offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.