Asset & Liability Management Applied Research Engineer, Senior Associate

September 17, 2023

Job Description

The Treasury and Chief Investment Office at JPMorgan Chase & Co. is responsible for firmwide asset and liability management for one of the world’s largest global financial institutions, with more than $3.6T in assets and liabilities.

Treasury and Chief Investment Office oversees a $500B global investment securities portfolio & $600B of debt / capital, used to manage the firm’s interest rate, liquidity and currency exposures. As part of its Asset and Liability Management mandate, Treasury and Chief Investment Office is responsible for managing Firm’s interest rate risk exposure, liquidity and capital position. Treasury and Chief Investment Office also influences activities of the Firm’s lines of business through an internal transfer pricing mechanism.

The candidate will be a key member in the Portfolio and Balance Sheet Strategy team within the Asset and Liability Management Research and Strategy group, working across other functional groups of Treasury & Chief Investment Office in close collaboration with the Treasury departments of other Lines of Business. Portfolio and Balance Sheet Strategy focuses on Firm’s balance sheet optimization, investment portfolio strategy and industry surveillance around ongoing and emerging balance sheet management themes.

Job responsibilities

  • Develop quantitative frameworks such as a balance sheet optimization platform to support senior management in formulating strategies around managing balance sheet, capital and funding positions, and Firm’s investment portfolio
  • Conduct research on effects of macroeconomic and regulatory environment on the Firm’s business and broader financial industry
  • Visualize analytics and present results within a broader team and to senior management
  • Participate in the application of modern software engineering practices to build data and analytics infrastructure

Required qualifications, capabilities, and skills

  • 2+ years of experience working for a financial institution as a quantitative researcher, developer, risk manager, or in a similar role
  • Strong academic background with a Ph.D. or an M.S. in engineering, mathematics, physics, economics or another quantitative or technical discipline or equivalent work experience
  • Excellent software design skills (in a general programming language) with aspiration to maintain and develop a regular codebase in Python
  • Experience with ad-hoc research on effects of macroeconomic conditions and regulatory environment in financial contexts
  • Strong communication and interpersonal skills with experience preparing high quality presentations and communicating quantitative findings to all levels of non-technical stakeholders
  • Willingness to dive into details and dig deep into data to find answers to challenging questions
  • The candidate must be a self-starter who is able to work independently in a fast-paced result-oriented environment

Preferred qualifications, capabilities, and skills

  • An advanced degree in economics, financial certification (e.g., CFA or FRM), or equivalent work experience with solid understanding of banking and capital markets
  • 3 years of experience working for a major financial institution in a treasury, fixed income research, fundamental valuation, portfolio management, or similar role
  • 3 years of experience maintaining or developing large projects in Python (preferred), C++, Java, C#, or a similar general programming language, including numerical methods (e.g., linear algebra, optimization)
  • 3 years of experience in data analytics or applied statistics, and web development or creating interactive dashboards


JPMorgan Chase & Co., 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 recognize that our people are our strength and the diverse talents and perspectives that they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. In accordance with applicable law, we make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as any mental health or physical disability needs. (If you are a US or Canadian applicant with a disability and wish to request an accommodation to complete the application process, please contact us by calling the Accessibility Line (US and Canada Only) 1-866-777-4690 and indicate the specifics of the assistance needed.)

We offer a competitive total rewards package including base salary determined based on the role, experience, skill set, and location. For those in eligible roles, we offer discretionary incentive compensation which may be awarded in recognition of firm performance and 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.

JPMorgan Chase is an Equal Opportunity Employer, including Disability/Veterans

Base Pay/Salary
New York,NY $142,500.00 – $200,000.00 / year