DESCRIPTION:
Duties: Conduct research using various academic and industry sources to generate innovative trade, investable index and portfolio allocation ideas. Collaborate with trading and sales teams to brainstorm and develop financial engineering related solutions for client requests. Design and implement new investable indices utilizing back testing techniques. Present and pitch trade ideas and strategies to sales teams and to clients and actively participating in client Requests for Proposals (RFPs). Develop and deliver of trade-ready investable indices by implementing them within the JPMorgan infrastructure and configuring risk management systems. Manage the setup and transmission of index levels on various public platforms such as Bloomberg and Refinitiv for official distribution. Identify and resolve any breaks or discrepancies in index data, ensuring accuracy and consistency. Price exotic derivative instruments for clients and structured products, such as Principal Protected Notes. Price vanilla and exotic options for insurance clients such as calls, call spreads, dual directional options, digital options, cliquets.
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QUALIFICATIONS:
Minimum education and experience required: Bachelor's degree in Engineering (any), Mathematics, Statistics, Finance, Economics or related field of study plus three (3) years of experience in the job offered or as Equity Derivatives Structuring, Equity Derivatives Analyst, or related occupation.
Skills Required: This position requires experience with the following: mathematical modeling, statistical analysis, financial mathematics, and other tools including Monte Carlo simulations, lattice models, finite difference methods, and stochastic and local volatility models for structuring and pricing complex derivative products; financial markets and products including, equity, fixed income and commodity markets, derivatives, and structured products; options, futures, swaps, and other derivative instruments; Using Python to integrate official index level calculation with risk system, publication system, reporting framework, automation and VBA to bring out efficiency while backtesting strategies; financial regulations set by regulatory bodies including the Securities and Exchange Commission (SEC), FINRA and the Commodity Futures Trading Commission (CFTC), to ensure compliance in structuring derivative products and investable indices; Building and analyzing financial models for pricing and valuing derivative products; market dynamics, including factors that influence equity prices, volatility, and correlations; Building and analyzing financial models for pricing and valuing derivative products by being aware of market dynamics including factors that influence asset prices, volatility, and correlations for the payoffs and risk profiles of equity derivative products including equity options, equity swaps, variance swaps, structured notes.
Job Location: 383 Madison Ave, New York, NY 10179. This position requires up to 10% domestic travel.
Full-Time. Salary: $200,000 - $200,000 per year.
ABOUT US
JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.
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
ABOUT THE TEAM
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.