JP Morgan - Trading Analyst/Associate - Credit Structuring - Structuring & Trading Team

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.

You'll make an impact by

- 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 drive J.P. Morgan Investable Indices platform development.

- Business Intuition: Translate business needs into quantitative analyses and tools; communicate complex results to senior stakeholders in a clear and precise manner.

- Market Monitoring: 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.

About you

We're looking for highly motivated team players to be the future leaders of our business.

Essential Skills:

- Strong knowledge and experience in pricing of derivatives - indices, futures or options

- 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.)

- Analytical aptitude and ability to learn financial concepts

- Knowledge of probability theory, statistics and machine learning would be an advantage.

- Advanced user of MS Excel (VBA knowledge would be an advantage)

- VBA and any programming language knowledge can 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