JPMorgan Chase & Co. Quantitative Research Analyst Interview Questions and Answers

Dataset and goal of the assignment was shared. Python coding and explanation in ML was expected.

Q1. 1) What is attention mechanism (since it was mentionned in my resume) 2) What is the sde of the Heston model? 3) What is implied volatility? 4) What is PCA (machine learning question)? 5) How matrices are...read more
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Answers to various quantitative research questions
• Attention mechanism is a key component in deep learning models that allows the model to focus on specific parts of the input sequence.

• SDE stands for Stochastic Differential Equation in the context of the Heston model used in quantitative finance.

• Implied volatility is the market's expectation of future volatility implied by the prices of options.

• PCA (Principal Component ...read more
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Q1. Tell me about your past work experience
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Q1. Fixed income fundamentals
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Q2. Previous job functions
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Q1. Previous job functions
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Q2. Role in decision making
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Quantitative analysts play a crucial role in decision making by providing data-driven insights and recommendations.
• Utilize statistical models to analyze data and identify trends

• Develop quantitative strategies to optimize decision making processes

• Collaborate with stakeholders to understand business objectives and provide relevant analysis

• Present findings and recommendations to support informed decision making
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Q1. Difference VaR and ES
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VaR measures the maximum potential loss within a confidence level, while ES measures the expected loss beyond VaR.
• VaR stands for Value at Risk and measures the maximum potential loss within a specified confidence level.

• ES stands for Expected Shortfall and measures the expected loss beyond the VaR.

• VaR is a single point estimate, while ES provides a more comprehensive view of tail risk.

• ES is considered more conservative ...read more
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Q2. List array difference
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List the difference between two arrays of strings
• Loop through each element in the first array and check if it exists in the second array

• If an element is not found in the second array, add it to the difference array

• Repeat the process for the second array to find elements in the first array that are not in the second array
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Q3. Arch and garch models
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Q1. Walk me through your resume
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I have a strong background in quantitative analysis and have worked on various projects in the field.
• Bachelor's degree in Mathematics with a focus on statistics

• Internship at XYZ Investment Bank, where I developed quantitative models for risk assessment

• Led a team of analysts to develop a trading algorithm that outperformed the market by 10%

• Published research paper on machine learning techniques for financial forecasting

• ...read more
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Q2. Why this particular role
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I am passionate about using quantitative analysis to solve complex problems and make data-driven decisions.
• I have a strong background in mathematics and statistics, which are essential skills for a quantitative analyst.

• I enjoy working with large datasets and using statistical models to uncover patterns and insights.

• I am excited about the opportunity to apply my analytical skills to financial markets and investment stra...read more
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Q3. Why do you want to join us
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I am passionate about quantitative analysis and believe that joining your team will provide me with the opportunity to apply my skills and contribute to meaningful projects.
• I have a strong background in mathematics and statistics, which are essential for quantitative analysis.

• I am excited about the prospect of working with a team of experienced quantitative analysts and learning from their expertise.

• Your company has a ...read more
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Q1. Past project experience
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I have worked on various quantitative analysis projects in finance, risk management, and data science.
• Developed predictive models using machine learning algorithms

• Conducted statistical analysis to identify trends and patterns in data

• Implemented quantitative strategies for portfolio optimization

• Utilized programming languages such as Python, R, and SQL

• Collaborated with cross-functional teams to deliver actionable insight
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