PricingDirect - Credit Derivatives Valuation - Analyst

Testing Site - JPMC; New York (NY); On-site; USD 120,000 - 190,000; Full time

Job summary

JPMorgan Chase & Co. in New York seeks a PricingDirect Credit Derivatives Valuation Analyst to generate daily valuations for credit derivatives, including CDS, CDS indices, and CLNs. You will collaborate with trading, research, and technology teams to deliver accurate pricing and support growth.

The role emphasizes rigorous analytics, large-data processing, and clear communication with clients and desks. A Master’s degree and strong Python skills are highly valued for success in this position.

Qualifications

• Master’s degree in Financial Engineering or related field.
• Strong derivatives and fixed income knowledge.
• Excellent quantitative and qualitative analysis.
• Proficient Python programming.
• Strong communication with clients and traders.

Responsibilities

• Generate daily valuations for credit derivatives (e.g., CDS, CDS indices, Index Tranches, Index Option, CLNs).
• Identify and develop new product growth areas through independent research with clients and desks.
• Improve product and service quality via market surveillance and data analysis.
• Address client inquiries daily with a focus on service quality.
• Perform in-depth analysis on trades/portfolios and clearly explain findings.
• Maintain regular contact with trading desks, research teams, and market participants.

Skills

Python

Excel/VBA

Derivatives

Quantitative analysis

Communication

Problem solving

Education

Master's in Financial Engineering

Tools

SQL

Excel

VBA

Job description

Are you ready to make an impact in the world of credit derivatives? At JPMorgan, you’ll leverage world-class resources and your expertise to deliver robust valuations, drive product innovation, and collaborate with top professionals across trading, research, and technology. If you thrive in a results-driven, collaborative environment, this is your opportunity to shape the future of financial markets.

As a PricingDirect Credit Derivatives Valuation Analyst, you will play a critical role in generating daily valuations for a broad spectrum of credit derivatives, including single-name CDS, CDS indices, Index Tranches, Index Options, and bespoke credit-linked notes. You will collaborate with trading desks, research, and technology teams, using your market intelligence and analytical skills to identify growth opportunities, lead projects, and deliver results for both your team and clients.

Job responsibilities

• Generate daily valuations for credit derivatives (e.g., CDS, CDS indices, Index Tranches, Index Option, CLNs), including market data collection, price generation, quality control, and client interaction.
• Identify and develop new product growth areas through independent research and collaboration with clients, trading desks, research professionals, and technology teams.
• Continuously improve product and service quality through market surveillance, data analysis, process review, and data quality assurance.
• Address client concerns and inquiries daily, with emphasis on providing first-class service and quality.
• Perform in-depth analysis on individual trades or portfolios and clearly explain nuanced findings to colleagues and clients.
• Develop and maintain regular contact with trading desks, research teams, and other market participants.

Required qualifications, capabilities, and skills

• Master’s degree (or higher) in Financial Engineering, Mathematical Finance, Finance, Mathematics, Statistics, Engineering, or Economics.
• Strong understanding of derivatives, finance principles (specifically credit and fixed income), mathematical, and statistical modeling.
• Clear, logical thinker with strong quantitative and qualitative analytical skills; ability to process large volumes of market data.
• Significant programming experience with Python.
• Proficiency in Excel, including Visual Basic coding.
• Effective communication skills for interaction with clients, portfolio managers, traders, research, and sales teams.
• Detail-oriented approach with highly disciplined process and quality control methods.

Preferred qualifications, capabilities, and skills

• Experience with credit derivatives, CDS, or other structured credit products is a strong plus.
• Experience in programming language such as Python, VBA, SQL, and high aptitude for learning new technologies.
• Ability to learn quickly, multitask, and self-manage priorities in a dynamic environment.
• Ability to build effective relationships and interact comfortably with a wide range of stakeholders, including research teams, sales, traders, portfolio managers, and technologists.