J.P. Morgan - Associate, Pricing Direct
Location: US, NY, New York
Employment type: Full-time
Company profile: Pricing Recruiters is the leading global resource for the procurement, vetting and placement of qualified, pricing and profitability professionals worldwide.  We understand and hold appreciation for the unique needs and demands of today’s employers and job seekers who work within the pricing discipline across all levels and industries.  Through our insightful knowledge of pricing in over 5 offices in 4 key international markets we hold an active candidate database of over 4,000 candidates from senior analyst to executive leadership.  Contact one of our recruitment consultants today to learn how we can help position your pricing team for success through strategic recruitment and team buildin
Description: J.P. Morgan’s Corporate & Investment Bank (CIB) is a global leader across banking, markets and investor services. The world’s most important corporations, governments and institutions entrust us with their business in more than 100 countries. With $18 trillion of assets under custody and $393 billion in deposits, the Corporate & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.Duties: Use client-received trade information to define and maintain client set up files for clients’ interest rate derivative trades. Work with technology support to ensure that derivatives trades are uploaded and stored correctly in order to run price calculations. Generate prices (evaluations) for various interest rate derivatives, including interest rate swaps, swaptions, caps, floors, and perform quantitative and information/data analysis including analysis of cashflows, comparison of inputs and outputs, and various risk measures. Define and implement various quality control procedures on both inputs and outputs from quantitative models by utilizing technical tools such as VBA programming. Monitor market activity and financial news throughout the trading day to ensure that rates that are used in pricing models are properly capturing current market conditions. Interact with trading desk and various research teams to stay abreast of evolving macroeconomic environment. Coordinate internal testing of new financial models/tools to enhance product coverage. Testing entails frequent interaction with trading desk, quantitative research team, rates operate, model development team to validate pricing model, input data and pricing output. Communicate regularly with clients on all aspects of the daily pricing and challenge process in a timely, clear and professional manner. Coordinate with sales and technology support to accommodate client needs for test prices, onboarding of new currencies and/or new product types. 
Requirements: QualificationsMinimum education required: Master’s degree or equivalent in Finance, Mathematics, Engineering (any), or a related quantitative field. Minimum experience required: 3 years of experience performing derivatives/fixed income pricing, research, quantitative analysis or sales, or related experience. Skills required: Must have demonstrated knowledge of derivatives and/or fixed income products. Must have demonstrated knowledge of the term structure of interest rates and of theoretical concepts underlying option pricing, including sensitivities analysis, volatility cube and skews. Must have experience analyzing and comparing analytical inputs and outputs. Must have experience explaining to clients the role of various metrics in the pricing of specific trades. Must have experience performing the research and data analysis needed to validate, back-test and roll new analytics into production. Must have the demonstrated ability to define and implement various quality control procedures using VBA. Must have demonstrated knowledge of pricing tools such as Bloomberg and Reuters.JPMorgan Chase & Co. offers an exceptional benefits program and a highly competitive compensation package. JPMorgan Chase & Co. is an Equal Opportunity and Affirmative Action Employer, M/F/Diversity/Veteran
Benefits: J.P. Morgan is a leader in financial services, working in collaboration across the globe to deliver the best solutions and advice to meet our clientsâ€™ needs, anywhere in the world. We operate in 100 countries, and hold leadership positions across our businesses. We have an exceptional team of employees who work hard to do the right thing for our clients and the firm, every day. This is why we are one of the most respected financial institutions in the world.J.P. Morgan is part of JPMorgan Chase & Co. (NYSE: JPM), a global financial services firm.
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