Quantitative Research – Markets – Summer Internship - Associate

As aSummer Associate in the Quantitative Trading & Research Marketsteam atJPMorgan

Chase, you will join a leading quantitative modeling group focused on systematic trading, financial engineering, data analytics, statistical modeling, and portfolio optimization.

You will work closely with traders, sales, marketing, technologists, and risk managers across products and regions. You will support research and strategy deployment, client and sales engagement, product innovation, valuation and risk management, and inventory and portfolio optimization, including electronic trading and market-making activities. You will help build quantitative models, methodologies, and infrastructure to price, hedge, and trade financial products, advancing algorithmic trading and data-driven strategies such as statistical arbitrage.

Our Global Markets teams develop sophisticated solutions to help clients manage risk, increase returns and solve complex financial problems. We hold leadership positions across all major financial markets worldwide. This means you'll be part of a dynamic team, helping to solve a wide range of interesting business issues and will be challenged in your work every day.

Expert instructors and J.P. Morgan professionals will teach you about our history, scale, and scope of our organization today and our ambitious plans for tomorrow. We’ll teach you technical and practical skills that will help you hit the ground running.

The program is an opportunity to take your career to the next level through hands-on experience, relevant skills training and valuable professional networking. Based on your individual achievements, those who successfully complete the program may receive offers of full-time employment.

• Develop and maintain mathematical models and cutting-edge algorithms, methodologies, and supporting infrastructure.
• Valueandhedgefinancial transactions across a range of products, from flow products to complex derivative deals.
• Supportquantitative 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.
• Conductalpha research, calibrate model parameters, and optimize pricing of financial instruments to support growth and market share.
• Manage risk in existing portfolios.

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

• Demonstrates knowledge of options pricing theory or trading algorithms, or a demonstrated interest in finance through coursework or prior experience.
• Showsconfidence 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.

• New York Metro

At JPMorgan

Chase, we’re creating positive change for the diverse communities we serve. We do this by championing your innovative ideas through…