PricingDirect Evaluator - Derivatives - Analyst

JPMorgan Chase & Co.; New York (NY); On-site; USD 90,000 - 120,000; Full time

Job summary

JPMorgan Chase & Co. in New York seeks a Securities Valuation Analyst/Associate to generate daily valuations of derivative instruments, develop pricing models, and respond to client inquiries. You will combine financial theory with programming to enhance accuracy, efficiency, and scalability within PricingDirect.

The role emphasizes collaboration with trading desks, research teams, and technology partners, offering exposure to markets, analytics, and client service in a dynamic environment.

Qualifications

• Bachelor’s degree or higher in Mathematics, Economics, Finance, Engineering, or similar.
• Knowledge of stochastic calculus and derivatives pricing models.
• Proficiency in Excel and Python for analysis.

Responsibilities

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

Skills

Analytical thinking

Excel proficiency

Python

Communication skills

Quantitative analysis

Derivatives pricing knowledge

Team collaboration

Client interaction

Education

Bachelor’s degree in Mathematics/Economics/Finance/Engineering

Master’s degree in Mathematics/Economics/Finance

Tools

Python

C++

Excel

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.

As a Securities Valuation Analyst or Associate in our PricingDirect team, you will gain access to trading, research, analytics, and technology resources of JPMorganChase. You will be responsible for producing daily valuations of derivative instruments, developing and maintaining pricing models, and addressing client inquiries. You will be given the opportunity to combine financial markets knowledge with programming skills to enhance valuation accuracy, efficiency, and scalability through robust model development and ongoing improvement. If you are results-oriented, intellectually curious, in pursuit of excellence, and enjoy working in a collaborative team environment where your contributions directly impact our business, you are encouraged to apply for this role.

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

• Bachelor’s 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

• Master’s 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