Description

Job Summary

As a Vice President in the Quantitative Research (QR) for China Principal Trading, you will support the desk's trading initiatives through quantitative research, strategy development, and innovation. We cover all equities principal trading businesses in China and work closely with traders to develop data-driven solutions such as algorithms, trading signals, risk models, and portfolio optimization. This position will focus on enhancing existing trading strategies, exploring new opportunities, and providing quantitative support for the development and implementation of OTC derivatives business.

Communication skills and drive are critical for this role as we expect the candidate to actively engage with the business and act as a culture carrier for modern data-driven methods and business automation.

Job Responsibilities:

• Conduct in-depth quantitative research to identify, develop, and rigorously test new trading strategies and signals for equities, ensuring robust methodology and alignment with business objectives.
• Analyze and continuously optimize the performance of live trading strategies by tuning parameters, refining risk management logic, and implementing enhancements to maximize profitability and minimize drawdowns.
• Work closely with the trading team to design, build, and implement analytics and data-driven processes that automate and optimize equity and derivatives trading, driving efficiency and innovation across the desk.
• Perform statistical analysis on back-test and live results to evaluate performance attribution, risk, and sensitivity, and conduct periodic model reviews and stress-testing.
• Provide quantitative support for the OTC derivatives business, including product design, hedging strategy evaluation, and development of internal trading and risk management systems.
• Support trading activity by investigating model and algorithm behavior through scenario analysis, post-trade analysis, and ongoing performance monitoring.

Required Qualifications, Capabilities and skills

• PhD or Master's degree in a quantitative discipline from a top-tier institution.
• Experience in quantitative research or systematic trading, with a focus on equities or related asset classes; prior exposure to OTC derivatives business is highly valued.
• Strong proficiency in statistical modelling, quantitative analysis, and optimization techniques; demonstrated ability to conduct back-testing, scenario analysis, and model calibration.
• Ability to manipulate, analyze, and interpret large-scale, high-dimensional data from multiple sources to support trading and research activities.
• Familiarity with derivatives pricing, risk management theory, and volatility modelling (including vanilla options and volatility products) is a plus.
• Solid coding skills, with expertise in Python and relevant quantitative libraries (such as numpy, pandas).
• Strong written and verbal communication skills, with the ability to clearly articulate complex quantitative concepts and research findings to both technical and non-technical audiences.
• Fulfilment of all necessary China Securities Regulatory Commission licenses (or any other licenses / qualifications as required) for carrying out securities and other regulated activities

About Us

J.P. Morgan is a global leader in financial services, providing strategic advice and products to the world's most prominent corporations, governments, wealthy individuals and institutional investors. Our first-class business in a first-class way approach to serving clients drives everything we do. We strive to build trusted, long-term partnerships to help our clients achieve their business objectives.

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.

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.