Derivatives Evaluator
Posted on: 5 Feb 2021
New York City, New York
Job Description
DESCRIPTION:
Duties: Conduct evaluation process for foreign exchange, equity, and commodity derivatives. Perform quantitative and information/data analysis including analysis of spot, forward and dividend curves, volatility cubes, comparison of inputs and outputs, and various risk measures. Implement process enhancements for FX, equity and commodity derivatives products including equity options, equity variance swaps, commodity swaps, commodity options, total return swaps, FX options and FX forwards, to respond to client demand and market conventions. Evaluate client-received trade information to define and maintain client set up files for foreign exchange, equity and commodity derivative trades. Collaborate with technology support to ensure that derivatives trades are uploaded and stored to run price calculations. Define and implement quality control procedures on both inputs and outputs from quantitative models by utilizing technical tools such as VBA or Python. Monitor market activity and financial news throughout the trading day to ensure that FX, equity and commodity market data reflect current market conditions. Interact with trading desk and various research teams to stay abreast of evolving macroeconomic environment. Coordinate internal testing of financial models/tools to enhance product coverage. Communicate with clients on all aspects of the daily pricing and challenge process. Coordinate with sales and technology support to accommodate client needs for test prices and onboarding of new product types.
QUALIFICATIONS:
Minimum education and experience required: This position requires a Masters degree of Financial Engineering, Statistics, Mathematics, or related field of study and two (2) years of experience in the job offered and two (2) years of experience as a Pricing Analyst, Financial Analyst, or related occupation.
Skills Required: This position requires two (2) years of experience with the following skills and technologies: derivatives products, including equity options, equity variance swaps, commodity swaps, commodity options, total return swaps, FX options, and FX forwards; option pricing models, including sensitivities analysis, volatility cube and skews; analyzing and comparing analytical inputs and outputs; communicating with traders, quantitative research and external clients regarding all aspects of the evaluation process of derivatives instruments; performing research and data analysis using VBA, Python, or related analytical and programming tools in order to validate, back-test and roll new analytics into production; define and implement quality control procedures using analytical and programming tools including VBA and Python; and pricing tools including Bloomberg and Reuters.
JPMorgan Chase & Co.
New York, New York
JPMorgan Chase & Co. operates as a financial services company worldwide. It operates in four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.
The CIB segment provides investment banking products and services, including corporate strategy and structure advisory, and equity and debt markets capital-raising services, as well as loan origination and syndication; cash management and liquidity solutions; and cash securities and derivative instruments, risk management solutions, prime brokerage, and research.
This segment also offers securities services, including custody, fund accounting and administration, and securities lending products for asset managers, insurance companies, and public and private investment funds. The CB segment provides financial solutions, including lending, treasury, investment banking, and asset management to corporations, municipalities, financial institutions, and nonprofit entities, as well as financing to real estate investors and owners.
The AWM segment offers investment and wealth management services across equities, fixed income, alternatives, and money market fund asset classes; multi-asset investment management services; retirement products and services; and brokerage and banking services comprising trusts, estates, loans, mortgages, and deposits. The company also provides ATM, digital covering online and mobile, and telephone banking services. JPMorgan Chase & Co. has a collaboration agreement with Chicagoland Chamber of Commerce. The company was founded in 1799 and is headquartered in New York, New York.
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IndustryBanking/Financial Services
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No. of Employees255,998
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Website
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Jobs Posted9051
