PricingDirect Evaluator - Derivatives - Analyst/Associate

JPMorgan Chase & Co.•New York, NY

7d•$90,250 - $120,000

About The Position

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.

Requirements

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

Nice To Haves

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

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.