Pricing Direct Evaluator – High Yield Associate

Testing Site - JPMC; New York (NY); On-site; USD 110,000 - 170,000; Full time

Job summary

Testing Site - JPMC is seeking a Pricing Direct Evaluator – HY Associate to join our Corporate & Investment Bank team in New York. You will generate daily valuations for high yield credit instruments, using real-time market data and independent pricing to support client decisions and risk management.

You will develop and maintain pricing models in Python and VBA, collaborate with trading desks, and produce reports and presentations for conferences and client meetings.

Qualifications

• 2+ years of experience in fixed income.
• Firm understanding of fixed income, cashflows, various bond and loan types, including convertibles.
• Strong coding skills in Python and VBA, advanced Excel knowledge.
• Experience using Bloomberg or Reuters Eikon terminals.
• Ability to collect and analyze large amounts of market information, extract its essence, and incorporate the findings into valuation matrices and processes.
• 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.

Responsibilities

• Generate daily valuations of high yield credit products for multiple market closes, entailing start-to-end responsibilities. This includes market data collection and analysis, price generation, quality control, and dealing with client queries.
• Develop and maintain sophisticated pricing models or matrices, aiming to improve pricing and quality control processes. Update data and generate reports via extensive coding in python and or VBA.
• Collaborate with trading desks, market participants, and research teams to enhance market knowledge and understanding of market pricing.
• Address all client concerns daily with an emphasis on providing first-class service and quality, whether via emails, calls, or in-person meetings.
• Explore new areas of product growth with a focus on autonomously developing innovative ideas and solutions.
• Assist teams with presentation materials, slide decks for conferences, webinars and timely execution of ad-hoc projects.

Skills

Fixed income

Python

VBA

Excel (Advanced)

Data analysis

Quantitative skills

Bloomberg/Reuters Eikon

Education

Bachelor's degree in Finance, Economics, Statistics or related field

Tools

Bloomberg Terminal / Reuters Eikon

Job description

This is an exciting opportunity for someone who is highly motivated to work in an innovation-focused team and to contribute to our Corporate & Investment Bank business.

As a Pricing Direct Evaluator – HY Associate, you will join a revenue-generating team that provides independent pricing and analytics for millions of fixed income and derivative instruments, utilizing real-time market intelligence from buy-side and sell-side market participants. You will play a crucial role in providing accurate and insightful valuations, which are essential for our clients' investment decisions and risk management strategies.

Job responsibilities

• Generate daily valuations of high yield credit products for multiple market closes, entailing start-to-end responsibilities. This includes market data collection and analysis, price generation, quality control, and dealing with client queries.
• Develop and maintain sophisticated models or matrices, aiming to improve pricing and quality control processes. Update data and generate reports via extensive coding in python and or VBA.
• Collaborate with trading desks, market participants, and research teams to enhance market knowledge and understanding of market pricing.
• Address all client concerns daily with an emphasis on providing first-class service and quality, whether via emails, calls, or in-person meetings.
• Explore new areas of product growth with a focus on autonomously developing innovative ideas and solutions.
• Assist teams with presentation materials, slide decks for conferences, webinars and timely execution of ad-hoc projects.

Required qualifications, capabilities, and skills

• 2+ years of experience in fixed income.
• Firm understanding of the principles of fixed income, cashflows, various bond and loan types, including convertibles.
• Strong coding skills in python and VBA, advanced excel knowledge.
• Experience using Bloomberg or Reuters Eikon terminals.
• Ability to collect and analyze large amounts of market information, extract its essence, and incorporate the findings into valuation matrices and processes.
• 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.
• Bachelor's degree or higher, ideally in Finance, Accounting, Statistics, Economics, Finance.

Preferred qualifications, capabilities, and skills

• Experience with pricing, evaluating syndicated term loans, private credit, high yield corporates or convertibles, is strongly preferred.
• Familiarity with pricing methodologies and structures of different fixed income instruments (corporate bonds, emerging markets, some securitized products) is ideal.
• Knowledge of various machine learning models and tools is a plus.
• Great communication skills, both oral and written.
• Progress towards CFA helpful, but not immediately required.