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New York, NY

Internship

Onsite

$150K/yr - $150K/yr

Intern

JPMorganChase is a leading financial institution, and they are seeking a Summer Associate in the Quantitative Trading & Research Markets team. The role involves developing quantitative models and collaborating with various teams to support trading strategies and risk management.

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Responsibilities

Develop and maintain mathematical models and cutting-edge algorithms, methodologies, and supporting infrastructure
Value and hedge financial transactions across a range of products, from flow products to complex derivative deals
Support quantitative modeling and research that inform trading strategies and decision-making
Collaborate with trading teams to translate research insights into practical market applications
Partner with quantitative researchers, technologists, traders, marketing, and risk managers across teams
Conduct alpha research, calibrate model parameters, and optimize pricing of financial instruments to support growth and market share
Manage risk in existing portfolios

Qualification

Required

Enrolled in a PhD program in a relevant field (e.g., mathematics, statistics, physics, engineering, computer science, data science, or machine learning)
Graduating between December 2027 and August 2028
Demonstrates computer programming experience (e.g., Python, C++, or another programming language)
Demonstrates analytical, quantitative, and problem-solving skills
Demonstrates research skills (through coursework, projects, or academic work)
Works effectively in a dynamic, collaborative environment
Presents findings clearly to non-technical audiences through written and verbal communication
Attends a college or university in the United States

Preferred

Demonstrates knowledge of options pricing theory or trading algorithms, or a demonstrated interest in finance through coursework or prior experience
Shows confidence and initiative to take ownership and manage projects independently
Applies knowledge of machine learning and data science concepts, techniques, and tools
Possesses advanced proficiency in any programming language

Benefits

Comprehensive health care coverage
On-site health and wellness centers
A retirement savings plan
Backup childcare
Tuition reimbursement
Mental health support
Financial coaching

With a history tracing its roots to 1799 in New York City, JPMorganChase is one of the world's oldest, largest, and best-known financial institutions—carrying forth the innovative spirit of our heritage firms in global operations across 100 markets.

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