PricingDirect Evaluator - Derivatives - Analyst

J.P. Morgan; New York (NY); On-site; USD 120,000 - 190,000; Full time

Benefits offered by this job

Health insurance

Retirement plan

Tuition reimbursement

Job summary

JPMorganChase's PricingDirect team seeks an analyst to generate derivative valuations across multiple market closes, collecting data, modeling prices, and ensuring quality control while engaging clients for feedback.

The role requires strong quantitative skills, plus familiarity with Python, Excel, and communication with trading desks and researchers. You will contribute to product development and cross-functional collaboration across market participants.

Qualifications

• Bachelor's degree or higher in Mathematics, Economics, Finance, Engineering, or similar.
• Strong quantitative and analytical capabilities with ability to synthesize large market data.

Responsibilities

• Daily generation of derivative valuations for multiple market closes, including data collection, price generation, quality control, and client interaction
• Improve product and service quality through market surveillance, data analysis, and process controls
• Perform complex financial assignments, including quantitative and information/data analysis
• Provide in-depth analysis of portfolios of securities and communicate findings to colleagues and clients
• Develop and maintain regular contact with trading desks, research teams, and other market participants
• Explore new areas of product growth through self-guided research and collaboration with clients and technology teams
• Market or quantitative experience in derivatives pricing with exposure to multiple asset classes as underlying

Skills

Quantitative analysis

Excel

Python

Communication

Client service mindset

Detail-oriented

Work ethic

Analytical thinking

Education

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

Master's degree or higher in Mathematics, Economics, Finance, Engineering, or similar

Tools

Python

C++

Job description

Job Summary

Through periods of volatility and uncertainty, market participants are always in need of independent, reliable, and accurate securities valuation services. With offices in New York, London, and Hong Kong, JPMorganChase's PricingDirect employees serve our clients globally by providing them evaluated pricing on over two million fixed income securities and derivative instruments every day.

Job responsibilities

• Daily generation of derivative valuations for multiple market closes, entailing start-to-end ownership responsibilities, including 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 participants, data and financial analysis, and review of process controls
• Perform complex financial assignments, including quantitative and information/data analysis
• Provide in-depth analysis of portfolios of securities, communicating in detail to colleagues and clients
• Develop and maintain regular contact with trading desks, research teams, and other market participants
• Examine and develop new areas of product growth through independent self-guided research, interactions with clients, trading desks, research professionals, and technology teams
• Market or quantitative experience in derivatives pricing with exposure to multiple asset classes as underlying.

Required qualifications, capabilities, and skills

• Bachelors degree or higher in Mathematics, Economics, Finance, Engineering, or similar
• Basic knowledge of stochastic calculus, main models used within derivatives pricing and numerical techniques such as Monte Carlo and Finite Difference
• Strong work ethic and intellectual curiosity
• Strong qualitative and quantitative analytical skills with the ability to synthesize and integrate large amounts of market information; proficient in Microsoft Excel & Python
• Excellent communication skills to interact with clients, portfolio managers, traders, research, and sales
• Strong client service mindset with the ability to address concerns in a timely and professional manner
• Detail-oriented, with a highly disciplined approach to process adherence and quality control

Preferred qualifications, capabilities, and skills

• Masters degree or higher in Mathematics, Economics, Finance, Engineering, or similar
• Firm understanding of derivatives principles, including pricing, risk and most common vanilla strategies
• Experience in programming languages such as Python, C++ and high aptitude for learning new technologies
• Ability to build effective working relationships and interact comfortably with a wide spectrum of counterparties, including traders, sales personnel, research teams, portfolio managers, and technologists

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.

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.

Join a global team delivering independent, reliable, and accurate securities valuation services for market participants.