PricingDirect Evaluator - Derivatives - Analyst

JPMorgan Chase & Co. • New York, NY

5d • $90,250 - $120,000

About The Position

As an analyst on the PricingDirect Derivatives team, this role supports a revenue-generating organization that provides independent pricing and analytics for 2.8 million fixed income and derivative instruments, using real-time market intelligence from buy-side and sell-side market participants. The analyst provides accurate and insightful valuations used by clients for investment decisions and risk management strategies.

The role generates daily valuations of interest rate derivatives and swap options across multiple market closes, with responsibility for the full valuation process—from market data collection and analysis through price generation, quality control, and client interaction. It also contributes to service and product quality, market understanding, client support, financial analysis, and the development of modeling tools using quantitative techniques such as Python.

Requirements

• Bachelor’s degree or higher in Financial Engineering, Mathematics, Computer Science, Finance, Economics, or a similar field.
• Firm understanding of finance and business operations, derivative products, option pricing, and statistical modeling.
• Strong software development skills in Python and Excel VBA, with a high aptitude for learning new technologies.
• Ability to collect and analyze large amounts of market information, extract key insights, and incorporate findings into valuation models and processes.
• Clear, logical thinking and strong quantitative abilities.
• Ability to thrive in a fast-paced environment with real-time market pressures while remaining focused on client needs.
• Excellent communication skills for interacting with clients, portfolio managers, traders, research teams, and sales.

Nice To Haves

• Attention to detail and creative problem-solving ability, with the ability to learn quickly, multitask, and self-manage priorities.
• Ability to build effective working relationships and interact comfortably with traders, research analysts, clients, and technologists.

Responsibilities

• Generate daily valuations of interest rate derivatives, including vanilla, basis, inflation, and cross-currency swaps, and vanilla and mid-curve swap options, for multiple market closes.
• Manage the valuation process from start to finish, including market data collection and analysis, price generation, quality control, and client interaction.
• Improve product and service quality through daily market surveillance, communication with market makers, data and financial analysis, enhanced process controls, and data quality assurance.
• Collaborate with trading desks, market participants, and research teams to improve market knowledge and understanding of market pricing.
• Address client concerns daily through email, calls, or in-person meetings, with an emphasis on service and quality.
• Analyze individual securities or portfolios in depth and explain findings to clients.
• Develop and maintain financial modeling tools using advanced quantitative techniques such as Python.
• Explore product growth opportunities by independently developing innovative ideas and solutions.

Benefits

• Competitive total rewards package, including base salary determined by role, experience, skill set, and location.
• Eligible roles may receive 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