DESCRIPTION:
Duties: Design, price, and structure equity derivative products for institutional clients, including put knock-outs on realized variance, variance swaps, knock-out variance swaps, cliquets, barrier options, and lookback options. Develop structured notes, accumulators, and autocallables for retail clients. Pitch products to a wide range of institutional clients. Define payoff specifications, modeling assumptions, constraints, and economic terms. Prepare term sheets and transaction documentation to support risk governance and approvals. Implement quantitative pricing and risk models. Perform scenario and sensitivity analysis to evaluate payoff behavior and risk characteristics across market regimes. Present comparative analyses to stakeholders to guide product selection. Coordinate with cross-functional teams to progress products through approval workflows and execution, ensuring alignment with control requirements and timelines. Maintain and update pricing libraries and analytical tooling. Prepare internal analyses and client facing materials that explain payoff mechanics, risk profiles, and transaction economics in decision ready formats. Monitor risk sensitivities and exposures around issuance and lifecycle events; recommend hedging adjustments and follow up actions to trading teams. Support transaction execution by validating inputs, confirming pricing outputs, and resolving issues arising during booking, trade capture, and settlement processes. Review post trade outcomes and model performance. Drive improvements to pricing logic, data inputs, controls, and operating procedures to enhance accuracy and efficiency. This position requires up to 10% domestic and international travel to JPMC and client sites.
QUALIFICATIONS:
Minimum education and experience required: Master's degree in Mathematics of Finance, Computer Science, Finance, Financial Engineering, Economics, Mathematics, Statistics, or related field of study plus 7 years of experience in the job offered or as Equity Derivatives Structuring, Equity and Hybrids Derivatives Payoff Structuring, or related occupation. The employer will alternatively accept a Bachelor's degree in Mathematics of Finance, Computer Science, Finance, Financial Engineering, Economics, Mathematics, Statistics, or related field of study plus 9 years of experience in the job offered or as Equity Derivatives Structuring, Equity and Hybrids Derivatives Payoff Structuring, or related occupation.
Skills Required: This position requires five (5) years of experience with the following: designing, pricing, and structuring equity and hybrid derivatives, including light exotic payoffs, structured notes, and synthetic convertible bonds, and coding payoffs in C++, Python, VBA, and Bloomberg DLIB; building Excel VBA models to support pricing, risk analysis, and term sheet calculations for structured products; applying Python for statistical analysis, back testing, optimization methodologies, and performance evaluation of derivative strategies; constructing and validating Monte Carlo simulation models to evaluate payoff distributions, Greeks measures, and transaction economics; calibrating and applying local and stochastic volatility, stochastic rates, and jump calibration frameworks to market data for pricing and risk assessment of derivatives; preparing client facing pitch materials and internal documentation that describe payoff mechanics, risks, and transaction economics to support approvals and execution. This position requires four (4) years of experience with the following: developing and maintaining quantitative pricing tools using Python and C++ to model path dependent payoffs and produce scenario analyses; developing hedging strategies to regulate delta, gamma, vega, and correlation exposures using listed options, futures, and related instruments. This position requires two (2) years of experience with the following: writing SQL queries to retrieve, join, aggregate, and prepare pricing and positioning datasets for analytics and reporting; using KDB/q and Bloomberg to manage time series market data, construct pricing inputs, and validate reference data for model calibration.
Job Location: 270 Park Avenue, New York City, NY 10017. This position requires up to 10% domestic and international travel to JPMC and client sites.
Full-Time. Salary: $300,000 - $350,000 per year.
About UsWe 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
Skills Required
- Master's degree in Mathematics of Finance, Computer Science, Finance, Financial Engineering, Economics, Mathematics, Statistics, or related field plus 7 years of relevant experience OR Bachelor's degree in those fields plus 9 years of relevant experience.
- Minimum 5 years experience designing, pricing, and structuring equity and hybrid derivatives, including exotic payoffs, structured notes, and synthetic convertible bonds.
- Minimum 5 years coding payoffs and building pricing models in C++, Python, VBA, and Bloomberg DLIB.
- Experience building Excel VBA models to support pricing, risk analysis, and term sheet calculations for structured products.
- Minimum 4 years developing and maintaining quantitative pricing tools using Python and C++, and developing hedging strategies for delta, gamma, vega, and correlation exposures.
- Minimum 2 years writing SQL queries and using KDB/q and Bloomberg for time series market data, pricing inputs, and reference data validation.
- Experience constructing and validating Monte Carlo simulation models and calibrating/applying local and stochastic volatility, stochastic rates, and jump frameworks for pricing and risk assessment.
- Ability to prepare client-facing pitch materials, term sheets, transaction documentation, and present analyses to stakeholders and clients.
- Willingness and ability to work on-site at 270 Park Avenue, New York, and travel up to 10% domestically and internationally.
JPMorganChase Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about JPMorganChase and has not been reviewed or approved by JPMorganChase.
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Healthcare Strength — Medical, dental, vision, and mental-health coverage are broad, with wellness incentives, on-site or virtual care, and an EAP offering coaching and counseling. Plan materials emphasize accessible options, including multiple medical choices and tools to manage costs.
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Parental & Family Support — Paid parental leave extends up to 16 weeks for all parents, supplemented by paid Critical Caregiver Leave. Family resources include backup childcare via Bright Horizons, lactation support and milk-shipping, family-building assistance, and even a free five-month SNOO rental for newborns.
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Retirement Support — Retirement programs include a 401(k) with an annual company match and automatic pay credits for most employees, with a legacy pension available to earlier hires. An Employee Stock Purchase Plan at a 5% discount further supports long-term savings.
JPMorganChase Insights
What We Do
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $3.7 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Technology fuels every aspect of our company and is at the heart of everything we do. With over 50,000 technologists globally and an annual tech spend of $12 billion, we are dedicated to improving the design, analytics, development, coding, testing and application programming that goes into creating high quality software and new products. Learn more about technology at our firm, explore resources from our Distinguished Engineers, AI & ML researchers, and other experts; access the latest episode of our TechTrends podcast, and more at www.jpmorgan.com/technology. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com. ©2023 JPMorgan Chase & Co. All rights reserved. JPMorgan Chase is an Equal Opportunity Employer, including Disability/Veterans.
Why Work With Us
Our technologists work on a diverse range of solutions that include strategic technology initiatives, big data, mobile, electronic payments, machine learning, cybersecurity, enterprise cloud development, and other state-of-the-art technologies.
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