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 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
About Us
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
Skills Required
- Bachelor's degree or higher in Mathematics, Economics, Finance, Engineering, or similar
- Basic knowledge of stochastic calculus and main derivatives pricing models
- Familiarity with numerical techniques such as Monte Carlo and Finite Difference
- Proficient in Microsoft Excel and Python
- Strong qualitative and quantitative analytical skills and ability to synthesize large amounts of market information
- Excellent communication skills for client and internal interaction
- Strong client service mindset and timely professional response to concerns
- Detail-oriented with disciplined approach to process adherence and quality control
- Master's degree or higher in Mathematics, Economics, Finance, Engineering, or similar
- Firm understanding of derivatives principles, including pricing, risk and common vanilla strategies
- Experience with programming languages such as C++ (in addition to Python) and aptitude for new technologies
- Ability to build effective working relationships across traders, sales, research, portfolio managers, and technologists
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 comprehensive, with on-site clinics, preventive care, and specialized supports such as maternity nurse guidance and fertility treatments. Wellness activities can help offset copays and out-of-pocket costs, reinforcing the perceived strength of health benefits.
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Retirement Support — A 401(k) with dollar-for-dollar matching and additional automatic pay credits reflect strong employer-backed retirement savings. An employee stock purchase plan and related financial programs further bolster long-term financial support.
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Leave & Time Off Breadth — Paid time off, sick time, holidays, and generous parental leave are provided alongside family medical leave and adoption/fertility assistance. Additional programs like caregiver support and volunteer time off expand the breadth of time-away options.
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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