PricingDirect Evaluator - Derivatives - Analyst

JPMorgan Chase & Co.; New York (NY); On-site; USD 110,000 - 150,000; Full time

Job summary

JPMorgan Chase & Co. in New York seeks a Securities Valuation Analyst to produce accurate valuations for millions of fixed income and derivative instruments daily, leveraging quantitative methods and real-time market data.

You will develop pricing models in Python, collaborate with traders and researchers, and drive process improvements to deliver reliable insights for clients and risk management teams.

Qualifications

• Bachelor's degree or higher in a quantitative field such as Financial Engineering, Mathematics, or Economics.
• Strong finance fundamentals with knowledge of derivative pricing and statistical modeling.
• Excellent Python and Excel VBA programming abilities and willingness to learn new technologies.

Responsibilities

• Generate daily valuations of interest rate derivatives including Swaps (Vanilla, Basis, Inflation, Cross Currency) and Swap Options (Vanilla, Mid-Curve) across multiple market closes.
• Improve product and service quality through daily market surveillance, data analysis, and process controls to ensure data quality.
• Collaborate with trading desks, market participants, and research teams to enhance market knowledge and pricing.
• Address client concerns daily with clear communication via emails, calls, or in-person meetings.
• Perform in-depth analysis on individual securities or portfolios and explain findings to clients.
• Develop and maintain financial modeling tools using Python and related techniques.
• Explore new areas of product growth by autonomously developing innovative ideas and solutions.

Skills

Python

Excel VBA

Financial engineering

Mathematics

Finance

Economics

Communication skills

Data analysis

Education

Bachelor's degree or higher in Financial Engineering, Mathematics, Computer Science, Finance, Economics or similar

Tools

Python

Excel VBA

Job description

Be part of a team where your expertise in finance and technology drives accurate valuations for millions of securities daily. Your contributions directly impact the quality and reliability of valuations used by market participants worldwide.

As the Securities Valuation Analyst on our PricingDirect Derivatives team, you will join a revenue-generating organization that provides independent pricing and analytics for 2.8 million fixed income and derivative instruments, utilizing real-time market intelligence from buy-side and sell-side market participants. This role will play a crucial role in providing accurate and insightful valuations, which are essential for our clients' investment decisions and risk management strategies.

JobResponsibilities:

• Generate daily valuations of interest rate derivatives including Swaps (Vanilla, Basis, Inflation, Cross Currency), Swap Options (Vanilla, Mid-Curve)for multiple market closes, entailing start-to-end responsibilities. This includes market data collection and analysis, price generation, quality control, and client interaction.
• Continuously improve product and service quality through daily market surveillance, communication with market makers, perform data and financial analysis, enhancing process controls, and ensuring data quality.
• 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.
• Perform in-depth analysis on an individual security or portfolio of securities and explain findings to clients.
• Develop and maintain financial modeling tools by utilizing advanced quantitative techniques such as Python.
• Explore new areas of product growth with a focus on autonomously developing innovative ideas and solutions.

Required Qualifications, Capabilities, and Skills:

• Bachelor's degree or higher in Financial Engineering, Mathematics, Computer Science, Finance, Economics or similar.
• Firm understanding of the principles of finance, business operations, derivative products, option pricing and statistical modeling.
• Strong software development skills in Python and Excel VBA with high aptitude for learning new technologies.
• Ability to collect and analyze large amounts of market information, extract its essence, and incorporate the findings into valuation models 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.
• Excellent communication skills to interact with clients, portfolio managers, traders, research, and sales.

Preferred Qualifications, Capabilities, and Skills:

• Detailed oriented, creative problem solver with ability to learn quickly, multi-task, and self-manage priorities.
• Ability to build effective working relationships and interact comfortably with a wide spectrum of traders, research analysts, clients, and technologists.