PricingDirect Evaluator - Derivatives - Analyst

JPMorgan Chase & Co. • New York, NY

5d • $90,250 - $120,000

About The Position

JPMorganChase’s PricingDirect team provides independent evaluated pricing on more than two million fixed income securities and derivative instruments each day for clients around the world. The Securities Valuation Analyst will produce daily valuations of derivative instruments, develop and maintain pricing models, and respond to client inquiries. The role combines financial markets knowledge with programming skills to improve valuation accuracy, efficiency, and scalability through robust model development and ongoing improvement.

The analyst will own the valuation process from start to finish across multiple market closes, including market data collection and analysis, price generation, quality control, and client interaction. The role also involves monitoring markets, analyzing portfolios, communicating with clients and colleagues, maintaining relationships with internal and external market participants, and researching potential areas for product growth. The position is part of a collaborative team and has access to JPMorganChase trading, research, analytics, and technology resources.

Requirements

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

Nice To Haves

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

Responsibilities

• Generate daily derivative valuations for multiple market closes, owning the process from market data collection and analysis through price generation, quality control, and client interaction.
• 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 securities portfolios and communicate findings to colleagues and clients.
• Maintain regular contact with trading desks, research teams, and other market participants.
• Research and develop new product growth areas through independent research and interactions with clients, trading desks, research professionals, and technology teams.

Benefits

• Competitive total rewards package, including base salary and, for eligible roles, commission-based pay and/or discretionary incentive compensation in cash and/or forfeitable equity.
• Comprehensive health care coverage.
• On-site health and wellness centers.
• Retirement savings plan.
• Backup childcare.
• Tuition reimbursement.
• Mental health support.
• Financial coaching.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level