Quantitative Trading & Research - EM Rates - Associate

As an Analyst or Associate within Quantitative Trading & Research (QTR) EM Rates Quantitative Trading team, you will work as part of the QTR front-office team on the trading floor in Sao Paulo or New York. Given the dynamic nature of the environment, this role is tailored for an individual who is responsible, independent, and able to work in smooth coordination with the larger team to determine the desk's profitability. You will get a chance to cover a wide range of responsibilities, including designing trading and execution strategies for EM Rates products (Bonds, IRS, FX Swaps, and Repo Government Bonds); researching micro-patterns and trends; building, maintaining, and upgrading applications and tools; and supporting day-to-day operations.

• Create, modify, and implement algorithmic orders to execute EM Rates

products—Bonds, IRS, FX Swaps, and Repo Government Bonds—for clients and internal manual traders.

• Work closely with Technology to develop scalable, low-latency infrastructure

that meets business needs.

• Leverage internal and non-public sources of liquidity to optimize electronic

price discovery and hedging across EM Rates instruments.

• Review, monitor, and track daily P&L from electronic market-making activity.
• Contribute to the design and enhancement of electronic market-making trading

systems across Bonds, IRS, FX Swaps, and Repo Government Bonds.

• Perform statistical analysis of algorithmic order execution for internal use

and to drive iterative improvements.

• Understand and consistently follow the firm’s approach and policies for

managing risk in the EM Rates business, as well as applicable legal and regulatory requirements.

• Demonstrate a strong interest in market microstructure and quantitative

trading, with particular relevance to EM Rates products (Bonds, IRS, FX Swaps, and Repo Government Bonds).

• Strong design and programming skills are essential, with a primary focus on

object-oriented programming languages (C++, Java, C#, etc.) and Python.

• Apply agile development practices within a front-office trading environment

and exhibit excellent verbal and written communication skills, as the position involves frequent interaction with different teams across the firm, including many non-technical users.

• Think strategically and creatively when faced with problems and

opportunities, eagerly seeking new ways of doing things and understanding the benefits of leveraging the firm's scale.

• Understanding of different types of risk and the ability to discuss in detail

ways of managing those risks within EM Rates markets is required.

• Ability to communicate concepts and ideas, both verbally and via

documentation, and defend their validity while tailoring messages to different audiences.

• A degree in Engineering, Mathematics, Physics, Computer Science, or an

The EM Rates Quantitative Trading team in New York is a dynamic team responsible for coordinating with the larger team to determine the desk's profitability. This team covers a wide range of responsibilities, including designing, trading, and execution strategies across EM Rates products — Bonds, Interest Rate Swaps (IRS), FX Swaps, and Repo on Government Bonds.

• Direct experience with agile software methodologies.
• Experience in macro markets, particularly EM Rates products such as Bonds,

IRS, FX Swaps, and Repo on Government Bonds.

• General trading concepts and terminology, is strongly preferred, as is

experience working with electronic venues relevant to these products.

• Demonstrated proficiency with AI-assisted coding tools (e.g., Copilot-style

code generation and completion assistants)

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.

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.