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Quantitative Associate Jobs in Bloomfield, NJ (NOW HIRING)

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Quantitative Associate information

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$31.7K

$92.7K

$149.4K

How much do quantitative associate jobs pay per year?

As of Aug 9, 2026, the average yearly pay for quantitative associate in Bloomfield, NJ is $92,720.00, according to ZipRecruiter salary data. Most workers in this role earn between $35,800.00 and $121,800.00 per year, depending on experience, location, and employer.

How does a quantitative associate typically collaborate with traders and technology teams in a financial firm?

Quantitative Associates often work closely with traders to understand their strategies and provide data-driven insights that improve trading outcomes. They also collaborate with technology teams to implement models into production systems, ensuring that algorithms are both effective and efficient. This cross-functional teamwork requires strong communication skills and a willingness to learn from professionals in different disciplines. Regular meetings, joint problem-solving sessions, and collaborative project management tools are commonly used to keep everyone aligned and drive successful outcomes.

What is the difference between Quantitative Associate vs Quantitative Analyst?

AspectQuantitative AssociateQuantitative Analyst
Required CredentialsTypically a master's degree in finance, mathematics, or related field; strong programming skillsSimilar educational background; often requires advanced quantitative skills and certifications
Work EnvironmentFinancial firms, hedge funds, asset management; collaborative teamsSame as Quantitative Associate; focused on model development and data analysis
Employer & Industry UsageCommon in investment banks, hedge funds, asset managersUsed interchangeably in many firms; both roles involve quantitative modeling
Search & Comparison IntentHigh overlap; both roles involve quantitative analysis and modeling

Both Quantitative Associates and Quantitative Analysts work in similar environments, requiring advanced degrees and strong analytical skills. The roles often overlap in responsibilities, focusing on developing models, analyzing data, and supporting trading or investment decisions. The main difference may lie in job titles used by different firms, but their core functions are quite comparable.

What are the key skills and qualifications needed to thrive as a quantitative associate, and why are they important?

To thrive as a Quantitative Associate, you need strong quantitative analysis skills, advanced knowledge of mathematics and statistics, and typically a degree in a quantitative field such as mathematics, finance, or engineering. Proficiency in programming languages like Python or R, data analysis tools, and experience with financial modeling platforms are commonly required. Attention to detail, problem-solving abilities, and effective communication help you translate complex data insights into actionable business strategies. These skills are critical for developing accurate models, managing risk, and supporting data-driven decision-making in financial environments.

What is a quantitative associate?

Quantitative Associates are professionals who use mathematical, statistical, and computational techniques to analyze financial data and develop models for decision-making in fields such as banking, investment, and risk management. They often support senior quantitative analysts or traders by implementing algorithms, conducting data analysis, and providing insights to improve business strategies. These roles typically require strong skills in programming, mathematics, and finance, and are commonly found in investment banks, hedge funds, and financial technology firms.
What job categories do people searching Quantitative Associate jobs in Bloomfield, NJ look for? The top searched job categories for Quantitative Associate jobs in Bloomfield, NJ are:
What cities near Bloomfield, NJ are hiring for Quantitative Associate jobs? Cities near Bloomfield, NJ with the most Quantitative Associate job openings:
Infographic showing various Quantitative Associate job openings in Bloomfield, NJ as of June 2026, with employment types broken down into 14% Full Time, 79% Part Time, 3% Temporary, 3% Contract, and 1% Nights. Highlights an 97% Physical, 1% Hybrid, and 2% Remote job distribution, with an average salary of $92,720 per year, or $44.6 per hour.

Quantitative Trading & Research - Prime Finance Service - Associate

JP Morgan Chase

Manhattan, NY

Full-time

Medical, Retirement

Posted 3 days ago

New


JPMorgan Chase & Co. rating

8.0

Company rating: 8.0 out of 10

Based on 493 frontline employees who took The Breakroom Quiz

73rd of 170 rated banks


Job description

Quantitative Trading Research (QTR) is a global team which expertise ranges across various fields:  Derivatives Modelling, Financial Engineering, Data Science and Quantitative Development. We provide quantitative expertise and diverse product offerings to clients. As part of the global QR Group, you'll work on unique analytics and mathematical models, transforming business practices through automation and quantitative methods where JP Morgan is a dominant player.

Job summary:

As an Analyst or Associate Quantitative Researcher in the Quantitative Trading & Research (QTR) Prime Finance Service (PFS) team, you'll will be mainly contributing to the FnO and OTC derivatives risk and margin agenda for QTR PFS. Additionally, you'll contribute to the strategic agenda to transform our investment bank into a data-led business and encourage change using state-of-the-art machine learning techniques. Specially, you'll have the chance to
 

Job responsibilities

  • Develop/improve mathematical models for pricing and risk/margin measurement for multi-asset FnO/OTC derivatives. Support intraday and EOD pricing, risk/margin and PnL calculation. 

  • Support the desk and provide portfolio risk management solutions by explaining model behavior, identifying major sources of risk in portfolios, carrying out scenario analyses, developing and delivering quantitative tools. 

  • Develop and deliver analytics that help transforming the business and contributing to the automation agenda. Partner with Technology and Prod Dev to deliver QTR analytics to the business. 

  • Drive projects end-to-end, from brainstorming and prototyping to production delivery. 

  • Develop and deliver ML/AI models and end-to-end solutions. 

  • Contribute to EOD or intraday hedging activities and algo design.

Required qualifications, capabilities, and skills

  • Advanced degree (PhD, MSc or equivalent) in Mathematics, Physics or Computer Science. 

  • Knowledge of the FnO/OTC derivatives products and good understanding of risk/PnL and Margin methodology and demonstrate quantitative and problem-solving skills.

  • Strong coding skills (Primarily Python or C++), proficiency in code design and can navigate large libraries and quickly debug complex logics. 

  • Experience in a trading desk support position either as a quant or a developer. 

  • Excellent communication skills, both verbal and written, can engage and influence partners and business/non-Tech stakeholders and enthusiastic about knowledge sharing and collaboration. 

  • Detail-oriented and can work on adhoc requests and can sometimes work under pressure

Preferred qualifications, capabilities, and skills

  • Knowledge of curve building, volatility surface calibrations and more.

  • Knowledge of market risk, time-series analysis, VaR and Stress 

  • Knowledge of ML algorithms and experience in delivering AI models / end-to-end solutions

  • Knowledge of Optimization and hedging algorithms


 

JPMorganChase, 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 offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, 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. 

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. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.

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

J.P. Morgan's Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world. 

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