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JPMorgan Chase is actively expanding its quantum computing team, aiming to fill 28 specialized roles across its global offices, predominantly in New York with a few positions in Singapore.
The positions, which range from associates to executive director, are housed within the bank’s applied research division led by Marco Pistoia, JPMorgan’s head of global technology applied research. These roles are central to the bank’s strategic push into quantum computing, covering a spectrum of functions from cryptography to the development of quantum algorithms and theories.
Lori Beer, JPMorgan’s global chief information officer, highlighted in a discussion last month that the bank is advancing its quantum security capabilities. JPMorgan is implementing quantum key distribution to protect its network and integrating post-quantum cryptography at the application level, preparing its systems against potential quantum computing threats.
The recruitment drive offers competitive salaries ranging from $137,000 for associates in New York to $325,000 for executive directors, reflecting the high value placed on these cutting-edge skills. All candidates are required to hold PhDs, with executive directors also needing a minimum of six years of professional or academic experience.
Pistoia’s team regularly publishes work on the latest advancements in quantum computing, and this new hiring initiative is representative of JPMorgan’s broader effort to incorporate advanced quantum technologies into its operations. All-in-all, JPMorgan’s strong attention in this domain could signify a major step forward in its strategy to dominate the rapidly evolving field of financial quantum computing.