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2025 - Corporate & Investment Bank - Markets Quantitative Research Analyst & Associate Program - Off-Cycle Internship ( London)

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JP Morgan Chase & Co.

14d ago

  • Internship
    Full-time
    Off-cycle Internship
  • Data
    Banking & Finance

AI generated summary

  • You must be pursuing a relevant degree, possess programming skills in Python/C++, have strong analytical abilities, and show interest in finance and machine learning.
  • You will enhance models, calibrate parameters, collaborate with trading desks on strategies, develop mathematical models, and improve algorithmic trading performance for clients globally.

Requirements

  • Enrolled in a Bachelor’s, Master’s or a PhD program in a relevant field such as mathematics, statistics, physics, engineering, computer science or data science/machine learning, with expected graduation date January 2024 through December 2025
  • Foundational knowledge of and proficiency in one or more programming languages - Python 2,3, C++
  • Analytical, quantitative and problem solving skills, as well as demonstrated research skills
  • Ability to thrive in a dynamic, collaborative work environment
  • Excellent interpretive skills and the ability to present findings to a non-technical audience
  • Commitment towards advancing a diverse and inclusive environment, Interest in global financial markets, excellent attention to detail, and ability to handle pressure and enjoy a collaborative environment
  • Knowledge of options pricing theory, trading algorithms, or demonstrated interest in finance through coursework or prior experience
  • Confidence and initiative to take on responsibility and manage your own projects
  • Knowledge of machine learning / data science theory, techniques and tools

Responsibilities

  • Develop and enhance models and algorithms, working with quants, technologists, traders, marketers, and risk managers
  • Calibrate parameters for models of market evolution, optimizing the pricing of financial instruments to increase market share, or managing the risk in existing portfolios
  • Work closely with trading desks to develop statistical arbitrage strategies and other quantitative trading models
  • Develop and maintain sophisticated mathematical models, cutting-edge methodologies, and infrastructure to value and hedge financial transactions ranging from mainstream flow products to complex derivative deals
  • Improve the performance of algorithmic trading strategies and promote advanced electronic solutions to our clients worldwide

FAQs

What is the duration of the Off-Cycle Internship?

The Off-Cycle Internship duration is typically aligned with your academic schedule and can begin in Spring, Summer, or Autumn.

What qualifications are required to apply for the internship?

Candidates must be enrolled in a Bachelor’s, Master’s, or PhD program in a relevant field such as mathematics, statistics, physics, engineering, computer science, or data science/machine learning, with an expected graduation date between January 2024 and December 2025.

Is prior experience in finance necessary to apply?

While not mandatory, demonstrated interest in finance through coursework or previous experience is preferred.

What programming languages should applicants be proficient in?

Candidates should have foundational knowledge and proficiency in one or more programming languages, such as Python (versions 2 and 3) or C++.

Will successful interns have the opportunity for full-time employment?

Yes, those who successfully complete the program may receive offers for full-time employment based on their individual achievements.

What skills are emphasized in the internship?

The internship emphasizes analytical, quantitative, and problem-solving skills, as well as the ability to present findings to non-technical audiences and work collaboratively in a dynamic environment.

How does the application process work?

After submitting your application, you will undergo a review process. If advanced, you will receive an invitation to complete a coding challenge and a recorded video interview.

Are there any specific responsibilities for the role during the internship?

Interns will develop and enhance models, calibrate parameters, work with trading desks on quantitative trading models, and maintain sophisticated mathematical models for financial transactions.

What is the commitment towards diversity and inclusion at J.P. Morgan?

J.P. Morgan is committed to creating an inclusive work environment and strives to hire qualified, diverse candidates, providing reasonable accommodations for known disabilities.

When should I submit my application?

It is strongly encouraged to submit your application as early as possible, as positions will be filled on a rolling basis.

JP Morgan Chase & Co.

Finance
Industry
10,001+
Employees
2000
Founded Year

Mission & Purpose

For over 200 years, JPMorgan Chase & Co has provided innovative financial solutions for consumers, small businesses, corporations, governments and institutions around the world. Today, we're a leading global financial services firm with operations servicing clients in more than 100 countries. Whether we are serving customers, helping small businesses, or putting our skills to work with partners, we strive to identify issues and propose solutions that will propel the future and strengthen both our clients and our communities. © 2017 JPMorgan Chase & Co. JPMorgan Chase is an equal opportunity and affirmative action employer Disability/Veteran.

Benefits

  • Healthcare and Insurance Plans

    Our employees are entitled to a variety of healthcare insurance plans, ranging from medical, dental and vision, to life and accident, disability, before-tax spending accounts, and group legal services.

  • Wellness Programs

    We are committed to providing employees with exceptional care — including arranging wellness screenings and assessment as well as access to health coaches, counseling, and guidance services for our employees.

  • Employee Programs

    Programs offered to eligible employees include parental leave, back-up child care services, flexible work options, matching gifts, discounts on banking services, electronics, arts and entertainment, fitness programs, travel and more.

  • Family Care

    We know how important your family's health is to you so we offer a variety of healthcare packages that cover you and your partner, your children and your parents.

  • Hybrid Working Model

    Dependent on the needs of the business and the nature of the role, JPMorgan Chase offers a hybrid work model for some roles, with at least three days on-site.