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Nova Core Framework Software Engineer (Quantitative Research) - Associate/Vice President

Posted: 02/01/2023

Job Description

As part of Risk Management and Compliance, you are at the center of keeping JPMorgan Chase strong and resilient. You help the firm grow its business in a responsible way by anticipating new and emerging risks, and using your expert judgement to solve real-world challenges that impact our company, customers and communities. Our culture in Risk Management and Compliance is all about thinking outside the box, challenging the status quo and striving to be best-in-class.

We are looking for a strong Software Engineer to join our Nova Core Framework team in Jersey City to work on the build out of the firm’s new Wholesale Credit Risk Model platform, Nova. The Nova Core Framework team focuses on building frameworks and infrastructure to support the delivery of high performance risk calculation engines that deploy models for the firms Wholesale Credit Stress (CCAR, ICAAP, Risk Appetite) and Loan loss reserves (CECL, IFRS9) calculations used for Risk Management. Nova is built on top of Athena, JPMorgan's in-house trading, risk and research platform.

The Nova Core Framework team works closely with quantitative developers and modellers inside the Wholesale Credit Risk Quantitative Research (QR) group, an expert quantitative modeling group in J.P. Morgan and a leader in financial engineering, data analytics, statistical modeling and portfolio management.

We make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as any mental and physical health needs or particular family considerations.

If you are passionate, curious and ready to make an impact, we are looking for you.

Your Impact
You will contribute to the development of the firm’s Wholesale Credit risk platform used for risk management and stress testing.  Specifically, you will have the chance to:

  • Play a key role in the design, architecture and implementation of the firm’s next generation stress and risk models platform for Wholesale Credit alongside our Technology and Business partner teams.
  • Implement software frameworks and tools that support the development of models, back-testing and any other analytics infrastructure required for model development;
  • Work with technology and the business to support the implementation, release and integration of models into the risk platform.
  • Design and develop flexible, extendible and highly performant software frameworks and related tools that efficiently integrates pricing and forecast models into the platform;
  • Optimize the end-to-end performance of our risk-management and stress testing processes.

Minimum Skills, Experience and Qualifications

The people who thrive in Nova are hands-on developers, who enjoy solving challenging technical problems. We want to hear from you if you’re someone who has strong computer science foundations and experience with numerical computing. If this sounds like you, then the Nova Core Framework teams could be the perfect place to grow your career.

We are looking for someone excited to join our organization. If you meet the minimum requirements below, you are encouraged to apply to be considered for this role.

  • You demonstrate strong software development skills as well as quantitative and problem solving skills;
  • You are very interested in the application of software and high performance computing solutions to finance and risk management;
  • You demonstrate strong proficiency in code design and programming skills in Python;
  • You have experience with improving performance of software applications;
  • You are proficient with tools and methods of exploratory data analysis, visualization and modeling in Python e.g., pandas, scipy, sklearn, Jupyter;
  • You are good at communicating concepts and ideas, also via documentation, and you are keen to defend their validity and tailor messages to different audiences;
  • You’re attentive to detail and easily adaptable;
  • You’re enthusiastic about knowledge sharing and collaboration
  • Bachelor’s or Master’s in Computer Science or equivalent discipline

Additional Skills, Experience and Qualifications
The following additional items will be considered but are not required for this role

  • Advanced degree (PhD, MSc or equivalent) in Computer Science, Engineering, Mathematics, Physics, etc;
  • Experience with implementing quantitative software frameworks in finance;
  • Focused on robust testing practices and test-driven development;
  • Orientation towards careful system and solution design and implementation;

Beyond that, we’re interested in the things that make you unique: personal qualities, outside interests and achievements beyond academia and profession that demonstrate the kind of person you are and the differences you could bring to the team.

About Us

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 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.
The health and safety of our colleagues, candidates, clients and communities has been a top priority in light of the COVID-19 pandemic. JPMorgan Chase was awarded the “WELL Health-Safety Rating” for all of our 6,200 locations globally based on our operational policies, maintenance protocols, stakeholder engagement and emergency plans to address a post-COVID-19 environment.


As a part of our commitment to health and safety, we have implemented various COVID-related health and safety requirements for our workforce. Employees are expected to follow the Firm’s current COVID-19 or other infectious disease health and safety requirements, including local requirements.  Requirements include sharing information including your vaccine card in the firm’s vaccine record tool, and may include mask wearing. Requirements may change in the future with the evolving public health landscape. JPMorgan Chase will consider accommodation requests as required by applicable law.

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, discretionary incentive compensation which may be 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.

Equal Opportunity Employer/Disability/Veterans

About the Team

The Corporate & Investment Bank is a global leader across investment banking, wholesale payments, markets and securities services. The world’s most important corporations, governments and institutions entrust us with their business in more than 100 countries. We provide strategic advice, raise capital, manage risk and extend liquidity in markets around the world.

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