Equity Derivatives Structuring [Multiple Positions Available]

J.P. Morgan; New York (NY); On-site; USD 300,000 - 350,000; Full time

Benefits offered by this job

Health care

Competitive compensation

Retirement plan

Travel opportunities

Job summary

JPMorgan Chase & Co. seeks an Equity Derivatives Structuring professional to design, price, and structure complex equity and hybrid derivatives for institutional clients, including variance-based products and lookback options.

Role involves crafting payoff specifications, risk controls, and pricing libraries, with cross-functional collaboration and travel up to 10%. The ideal candidate will have a Master’s in a quantitative field and 7+ years of relevant experience, advanced Python and C++

Qualifications

• Master's degree with 7+ years of equity derivatives experience.
• Bachelor's degree with 9+ years in related field as alternative.
• Experience designing, pricing, and structuring equity and hybrid derivatives.

Responsibilities

• Design, price, and structure equity derivative products for institutional clients.
• Implement quantitative pricing and risk models; validate inputs and hedging.
• Prepare term sheets and client-facing materials; support risk governance and approvals.

Skills

Equity derivatives structuring

Python programming

C++ programming

Bloomberg DLIB

Excel risk models

Education

Master's degree in Mathematics of Finance or related field

Bachelor's degree + 9 years experience in related field

Tools

SQL

KDB/Q

Bloomberg

Pricing libraries

Job description

DESCRIPTION:

Duties: Design, price, and structure equity derivative products for institutional clients, including put knock-outs on realized variance, variance swaps, knock-out variance swaps, cliquets, barrier options, and lookback options. Develop structured notes, accumulators, and autocallables for retail clients. Pitch products to a wide range of institutional clients. Define payoff specifications, modeling assumptions, constraints, and economic terms. Prepare term sheets and transaction documentation to support risk governance and approvals. Implement quantitative pricing and risk models. Perform scenario and sensitivity analysis to evaluate payoff behavior and risk characteristics across market regimes. Present comparative analyses to stakeholders to guide product selection. Coordinate with cross-functional teams to progress products through approval workflows and execution, ensuring alignment with control requirements and timelines. Maintain and update pricing libraries and analytical tooling. Prepare internal analyses and client facing materials that explain payoff mechanics, risk profiles, and transaction economics in decision ready formats. Monitor risk sensitivities and exposures around issuance and lifecycle events; recommend hedging adjustments and follow up actions to trading teams. Support transaction execution by validating inputs, confirming pricing outputs, and resolving issues arising during booking, trade capture, and settlement processes. Review post trade outcomes and model performance. Drive improvements to pricing logic, data inputs, controls, and operating procedures to enhance accuracy and efficiency. This position requires up to 10% domestic and international travel to JPMC and client sites.

QUALIFICATIONS:

Minimum education and experience required: Master's degree in Mathematics of Finance, Computer Science, Finance, Financial Engineering, Economics, Mathematics, Statistics, or related field of study plus 7 years of experience in the job offered or as Equity Derivatives Structuring, Equity and Hybrids Derivatives Payoff Structuring, or related occupation. The employer will alternatively accept a Bachelor's degree in Mathematics of Finance, Computer Science, Finance, Financial Engineering, Economics, Mathematics, Statistics, or related field of study plus 9 years of experience in the job offered or as Equity Derivatives Structuring, Equity and Hybrids Derivatives Payoff Structuring, or related occupation.

Skills Required:

This position requires five (5) years of experience with the following: designing, pricing, and structuring equity and hybrid derivatives, including light exotic payoffs, structured notes, and synthetic convertible bonds, and coding payoffs in C++, Python, VBA, and Bloomberg DLIB; building Excel VBA models to support pricing, risk analysis, and term sheet calculations for structured products; applying Python for statistical analysis, back testing, optimization methodologies, and performance evaluation of derivative strategies; constructing and validating Monte Carlo simulation models to evaluate payoff distributions, Greeks measures, and transaction economics; calibrating and applying local and stochastic volatility, stochastic rates, and jump calibration frameworks to market data for pricing and risk assessment of derivatives; preparing client facing pitch materials and internal documentation that describe payoff mechanics, risks, and transaction economics to support approvals and execution. This position requires four (4) years of experience with the following: developing and maintaining quantitative pricing tools using Python and C++ to model path dependent payoffs and produce scenario analyses; developing hedging strategies to regulate delta, gamma, vega, and correlation exposures using listed options, futures, and related instruments. This position requires two (2) years of experience with the following: writing SQL queries to retrieve, join, aggregate, and prepare pricing and positioning datasets for analytics and reporting; using KDB/q and Bloomberg to manage time series market data, construct pricing inputs, and validate reference data for model calibration.

Job Location: 270 Park Avenue, New York City, NY 10017. This position requires up to 10% domestic and international travel to JPMC and client sites.

Full-Time. Salary: $300,000 - $350,000 per year.

Company Overview:

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.

Benefits:

• 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.

Diversity & Inclusion:

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

J.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. Design, price, and structure equity derivative products for institutional clients, including put knock-outs on realized variance, variance swaps, knock-out variance swaps, cliquets, barrier options, and lookback options.