Quant jobs / JPMorgan

Wholesale Credit Quantitative Research – Cleared Derivatives (Senior Associate)

A quant research role in wholesale credit risk focused on central counterparty margin and counterparty risk for cleared derivatives. You build models and tools and work with controls and technology teams.

What you’d work on

Our reading of the posting: what a new hire in this role would most likely spend their first months on.

Build tools to test whether CCP margin requirements are adequate
Develop models for counterparty credit risk on cleared derivatives
Study CCP methodologies across asset classes
Support model governance and ongoing reviews
Document methods and limits and work with engineers to deploy

What they ask for

Required

Doctorate or Master's in a quantitative field
3 years of quantitative research or strategy
Python for modelling
Cleared derivatives and risk methods such as VaR and stress testing
Clear communication
Risk and control mindset

Preferred

R
CCP margin methodology experience
Counterparty credit risk modelling
Deploying models to production
Model governance

Education: Doctorate or Master's in financial engineering, OR, statistics, maths, CS or economics
Experience: 3 years in quantitative research or strategy
Languages and tools: Python
R
Markets: multi-asset, credit

How to prepare

Learn how CCP initial margin models work, including SPAN and historical VaR
Backtest a VaR-based margin model and check for procyclicality
Study counterparty credit exposure and default fund concepts
Practise Python modelling with clear documentation

What to study

The Risk Quant roadmap sets out the stages for this kind of role, with free resources for each.

Open the roadmap

Apply

Read the full posting on JPMorgan’s site before applying: requirements, location and pay can change after we check them.

View the posting on JPMorgan’s site ↗

SelfMadeQuant wrote this summary from the employer’s public posting, last checked 6 November 2026. SelfMadeQuant isn’t affiliated with JPMorgan and doesn’t handle applications.