PricingDirect Evaluator - Derivatives - Analyst

JPMorgan Chase & Co.; New York; On-site; USD 130,000 - 210,000; Full time

Job summary

JPMorgan Chase & Co. is seeking a Pricing Direct role in New York to provide valuations for derivatives and fixed income securities. The position involves end-to-end valuation processes, data collection, model application, and interaction with trading teams.

You will leverage Excel, Python, and quantitative methods to analyze portfolios, monitor market activity, and push improvements in pricing quality. A strong math background and clear communication are essential.

Qualifications

• 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

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.

Skills

Excel

Python

Quant analysis

Stochastic calculus

Derivatives pricing

Communication skills

Data analysis

Client interaction

Education

Bachelor's degree

Master’s degree

Tools

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

• 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