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JPMorganChase

PricingDirect Evaluator - Derivatives - Analyst

Posted Yesterday
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Hybrid
New York, NY, USA
Entry level
Hybrid
New York, NY, USA
Entry level
Produce daily valuations for derivative instruments across multiple market closes, including market data analysis, pricing, quality control, and client communication. Develop and maintain derivatives pricing models, perform quantitative and portfolio analysis, conduct market surveillance, and improve valuation processes. Collaborate with trading desks, research teams, clients, portfolio managers, sales, and technology teams while researching new products and valuation capabilities.
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Job Summary

Through periods of volatility and uncertainty, market participants are always in need of independent, reliable, and accurate securities valuation services. With offices in New York, London, and Hong Kong, JPMorganChase's PricingDirect employees serve our clients globally by providing them evaluated pricing on over two million fixed income securities and derivative instruments every day.

As a Securities Valuation Analyst in our PricingDirect team, you will gain access to trading, research, analytics, and technology resources of JPMorganChase. You will be responsible for producing daily valuations of derivative instruments, developing and maintaining pricing models, and addressing client inquiries. You will be given the opportunity to combine financial markets knowledge with programming skills to enhance valuation accuracy, efficiency, and scalability through robust model development and ongoing improvement. If you are results-oriented, intellectually curious, in pursuit of excellence, and enjoy working in a collaborative team environment where your contributions directly impact our business, you are encouraged to apply for this role.


Job responsibilities

  • Daily generation of derivative valuations for multiple market closes, entailing start-to-end ownership responsibilities, including market data collection and analysis, price generation, quality control, and client interaction
  • Continuously improve product and service quality through daily market surveillance, communication with market participants, data and financial analysis, and review of process controls
  • Perform complex financial assignments, including quantitative and information/data analysis
  • Provide in-depth analysis of portfolios of securities, communicating in detail to colleagues and clients
  • Develop and maintain regular contact with trading desks, research teams, and other market participants
  • Examine and develop new areas of product growth through independent self-guided research, interactions with clients, trading desks, research professionals, and technology teams
  • Market or quantitative experience in derivatives pricing with exposure to multiple asset classes as underlying.

 

Required qualifications, capabilities, and skills

  • Bachelor’s degree or higher in Mathematics, Economics, Finance, Engineering, or similar
  • Basic knowledge of stochastic calculus, main models used within derivatives pricing and numerical techniques such as Monte Carlo and Finite Difference
  • Strong work ethic and intellectual curiosity
  • Strong qualitative and quantitative analytical skills with the ability to synthesize and integrate large amounts of market information; proficient in Microsoft Excel & Python
  • Excellent communication skills to interact with clients, portfolio managers, traders, research, and sales
  • Strong client service mindset with the ability to address concerns in a timely and professional manner
  • Detail-oriented, with a highly disciplined approach to process adherence and quality control

Preferred qualifications, capabilities, and skills

  • Master’s degree or higher in Mathematics, Economics, Finance, Engineering, or similar
  • Firm understanding of derivatives principles, including pricing, risk and most common vanilla strategies
  • Experience in programming languages such as Python, C++ and high aptitude for learning new technologies
  • Ability to build effective working relationships and interact comfortably with a wide spectrum of counterparties, including traders, sales personnel, research teams, portfolio managers, and technologists
About Us
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

About the TeamJ.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. 
HQ

JPMorganChase New York, New York, USA Office

270 Park Avenue, New York, NY, United States, 10017-2014

JPMorganChase New York, New York, USA Office

4 Metrotech Center, New York, NY, United States, 11201

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