Sample cover letter for Internship position at JPMorgan

Dear Hiring Manager:

It is with great enthusiasm that I submit my application for the position of quantitative research in J.P Morgan Beijing. As a financial engineering student from Baruch College, I know my diverse skills and qualifications will make me an asset to your team.

From the study in Baruch, I learned many computational ways to price options and other derivatives such as tree method, Monte Carlo simulation and finite difference method. Also, the solid knowledge of stochastic calculus helped me have a deeper understanding of asset pricing and financial modeling. In terms of IT skills, I am proficient in C++ and python, familiar with statistics software like R and Stata.

During my gap year from September 2015 to early 2016, I took an internship in a quantitative fund in Beijing. Since Chinese quantitative trading just begins and trading platforms are seldom available for e-trading back-test, my colleagues and I decided to utilize python to mimic the strategic structure of Quantopian in building basic trading libraries. Through systematical research and intensive discussions, we introduced Quantopian as the best and easiest one in all open-source platforms. We copied all of its basic structures in setting up a portfolio account, using order functions and implementing them in a less fancy but more flexible way as our company focused on strategy instead of platform. We only needed these libraries as tools to better accommodate our back-test strategies. After simulating the trading process with two different kinds of products, commodity future and structured bond products, which were the main directions our company invested, I then launched various strategies on these two products respectively. In the end, benefiting from developed trading tools and other python packages, we could execute distinctive quantitative strategies of momentum, pair trading and multi-factor models effectively.

When I touched big data and machine learning this year, I immediately perceive them as the next boomer in quantitative field. So I took my next internship in TRS Technology Corporation, the leader in big data field in China and l learned their natural language processing skills as well as Spark architecture to deal with big data. To implement deep learning to find the relationship in financial factors and to price derivatives is what I expect that will revolutionize financial industry.

I believe I have the skills that you require for summer internship and look forward to hearing from you at your earliest convenience.

Best Regards,

Xuefei Liu