J.P. Morgan Global Credit Trading provides integrated financial solutions to a diverse, global client base, including banks, insurance companies, finance companies, mutual funds, and hedge funds. The Credit Quantitative Research (QR) team is responsible for the development and maintenance of models supporting pricing, risk management, and P&L analytics. The team delivers pre-trade analytics, refines quoting and market-making algorithms, and partners closely with business stakeholders to conduct quantitative research aligned with market themes.

Job Summary

As a Vice President in the Credit Quantitative Research team, you will lead the development and delivery of pricing models and analytics for the Macro Credit business. You will partner with sales and trading to provide pre-trade tools, model outputs, and P&L analysis, with a particular focus on non-linear credit products such as index options and tranches. This role requires strong commercial acumen, agility in prototyping, and a high level of ownership and accountability.

Job Responsibilities

Develop and deliver pre-trade quantitative analytics to support trading decisions and client engagement, with emphasis on index options and tranches.
Modernize trading and risk infrastructure in partnership with technology teams, enhancing performance and robustness of risk and P&L attribution, and facilitating the decommissioning of legacy systems.
Advance pricing models to enable comprehensive scenario analysis and default risk assessment.
Collaborate with trading teams to conduct agile quantitative research in response to evolving market themes.
Drive automation initiatives by transforming manual processes into digital solutions.
Prepare technical model documentation in accordance with internal and regulatory standards, and work with model control teams to support timely reviews and approvals.

Required qualifications, capabilities, and skills

3+ years of experience as a quantitative researcher or strategist in credit or fixed income markets, with strong analytical and problem-solving skills.
Advanced degree in one of the following, mathematics, statistics, physics, financial engineering, computer science.
Proficiency in Python or C++, with experience in collaborative software development in a fast-paced environment.
Strong teamwork orientation and excellent communication skills, with the ability to engage effectively with business stakeholders, technology partners, and control functions.
Ability to perform in a high-pressure, results-driven environment with meticulous attention to detail.

Preferred qualifications, capabilities, and skills

Deep understanding of financial mathematics and stochastic calculus; experience with volatility and correlation modeling is highly desirable.
Experience with neural networks, machine learning, deep learning models, or large language model tuning is preferred but not required.

About Us

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 for more information about requesting an accommodation.

JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans

About the Team

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.