Pricing Direct Evaluator - High Yield Associate
J.P. Morgan
This is an exciting opportunity for someone who is highly motivated to work in an innovation-focused team and to contribute to our Corporate & Investment Bank business.
As a Pricing Direct Evaluator – HY Associate, you will join a revenue-generating team that provides independent pricing and analytics for millions of fixed income and derivative instruments, utilizing real-time market intelligence from buy-side and sell-side market participants. You will play a crucial role in providing accurate and insightful valuations, which are essential for our clients' investment decisions and risk management strategies.
Job responsibilities
- Generate daily valuations of high yield credit products for multiple market closes, entailing start-to-end responsibilities. This includes market data collection and analysis, price generation, quality control, and dealing with client queries.
- Develop and maintain sophisticated models or matrices, aiming to improve pricing and quality control processes. Update data and generate reports via extensive coding in python and or VBA.
- Collaborate with trading desks, market participants, and research teams to enhance market knowledge and understanding of market pricing.
- Address all client concerns daily with an emphasis on providing first-class service and quality, whether via emails, calls, or in-person meetings.
- Explore new areas of product growth with a focus on autonomously developing innovative ideas and solutions.
- Assist teams with presentation materials, slide decks for conferences, webinars and timely execution of ad-hoc projects.
Required qualifications, capabilities, and skills
- 2+ years of experience in fixed income.
- Firm understanding of the principles of fixed income, cashflows, various bond and loan types, including convertibles.
- Strong coding skills in python and VBA, advanced excel knowledge.
- Experience using Bloomberg or Reuters Eikon terminals.
- Ability to collect and analyze large amounts of market information, extract its essence, and incorporate the findings into valuation matrices and processes.
- Clear, logical thinker with strong quantitative abilities.
- Ability to thrive in a fast-paced environment of real-time market pressures, remaining focused on client needs.
- Bachelor's degree or higher, ideally in Finance, Accounting, Statistics, Economics, Finance.
Preferred qualifications, capabilities, and skills
- Experience with pricing, evaluating syndicated term loans, private credit, high yield corporates or convertibles, is strongly preferred.
- Familiarity with pricing methodologies and structures of different fixed income instruments (corporate bonds, emerging markets, some securitized products) is ideal.
- Knowledge of various machine learning models and tools is a plus.
- Great communication skills, both oral and written.
- Progress towards CFA helpful, but not immediately required.
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
J.P. Morgan’s Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.
Join our Pricing Direct team as a High Yield Associate Evaluator!