Global Pricing Direct Evaluator - Analyst or Associate

JPMorganChase; Greater London; On-site; GBP 50,000 - 80,000; Full time

Job summary

JPMorganChase is looking for a Pricing Direct Evaluator – Analyst or Associate to join their European Derivatives team in the UK. This role involves generating valuations for derivative securities, developing pricing models, and enhancing methodologies for effective valuations.

The ideal candidate should have a solid understanding of derivatives, proficiency in Python and Excel VBA, along with strong communication skills. The team values a fast-paced environment where client needs are paramount.

Qualifications

• Firm understanding of derivatives principles, pricing, and risk.
• Good knowledge of data science and proficiency in Python.
• Ability to analyze large amounts of market data and incorporate into pricing models.

Responsibilities

• Generate daily valuations of derivative securities.
• Create pricing models and methodologies for valuations.
• Communicate with trading desks and market participants.
• Address client concerns and provide quality service.
• Explore new product growth areas and collaborate with sales.

Skills

Derivatives principles

Data science principles

Python programming

Excel VBA

Quantitative abilities

Communication skills

Tools

C++

Job description

Job Overview

As a Pricing Direct Evaluator – Analyst or Associate in the European Derivatives team, you will join a revenue‑generating team that provides independent pricing and analytics for over 3 million derivative and fixed‑income instruments, utilizing real‑time market intelligence from buy‑side and sell‑side market participants. You will generate daily valuations of derivative securities, develop and maintain pricing models, and create cutting‑edge methodologies to increase accuracy and speed of valuations.

Job Responsibilities

• Generate daily valuations of derivative securities for multiple market closes, including market data collection, price generation, quality control, and client queries.
• Create cutting‑edge methodologies, pricing models, and infrastructure to increase accuracy and speed of valuations.
• Communicate with trading desks, market participants, and research teams to enhance market knowledge and instrument pricing.
• Address client concerns daily, providing first‑class service and quality via different channels.
• Examine and develop new areas of product growth, autonomously exploring new ideas and supporting revenue generation through close collaboration with the sales team.

Required Qualifications, Capabilities, And Skills

• Firm understanding of derivatives principles, including pricing, risk and most common vanilla strategies.
• Good knowledge of data science principles, with software development skills in Python and Excel VBA as well as high aptitude for learning new technologies.
• Ability to collect and analyze large amounts of market information and incorporate findings into pricing models.
• Clear, logical thinker with strong quantitative abilities.
• Ability to thrive in a fast‑paced environment of real‑time market pressures, remaining focused on client needs.
• Good communication skills, both oral and written.

Preferred Qualifications, Capabilities, And Skills

• Market or quantitative experience in derivatives pricing with exposure to multiple asset classes as underlying.
• Previous experience in a Front Office role with direct exposure to clients.
• Knowledge of light exotics and experience in understanding the associated Term‑Sheets.
• Basic knowledge of stochastic calculus, main models used within derivatives pricing and numerical techniques such as Monte Carlo and Finite Difference.
• Strong Python coding skills, with focus on system design.
• Experience with C++.

Equal Employment Opportunity Statement

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.