Securities Valuation [Multiple Positions Available]

Job Description

DESCRIPTION:

Duties: Conduct market surveillance in mortgage-backed securities (MBS) structured finance and structured finance derivatives. Own daily generation of securities valuations for multiple market closes including market data collection and analysis, price generation, quality control, and client interaction. Coordinate with market participants, including portfolio managers, risk managers, trading desks, and other front office personnel on all aspects of daily pricing and the challenge process. Perform data analysis, including incorporating market information into the valuation systems and analyze the assumptions used, the resulting output, and the validity as compared to market observations. Develop and enhance pricing methodologies and matrices. Examine and develop new areas of product growth through independent self-guided research, interactions with clients, trading desks, research professionals, and technology teams. Analyze and extract market information and trends using industry standard tools. Manage and update scripts that implement daily valuation control measures. Develop and test quantitative models used in securities pricing. Identify information and trends from large mortgage data set sources and analyze the effect on securities valuation using programming tools. Apply statistical knowledge to deal and cash flow structures and pricing inputs to extract summary information based on various subsectors within the market. Define and implement quality controls and procedures to ensure the accuracy of data input and output. Coordinate with technology support teams to improve or troubleshoot valuation or control processes. Improve product and service quality through daily market surveillance, communication with market participants, data and financial analysis, review of process controls, and data quality assurance.

QUALIFICATIONS:

Minimum education and experience required: Master's degree in Economics and International Trade, Financial Engineering, Mathematics of Finance, Mathematics, Economics, Finance, or related field of study plus 2 years of experience in the job offered or as Securities Valuation, Valuation Analyst, Business Analyst, Financial Derivatives Analyst, Structured Fixed Income Valuation Analyst, Financial Research Analyst, or related occupation. The employer will alternatively accept a Bachelor's degree in Economics and International Trade, Financial Engineering, Mathematics of Finance, Mathematics, Economics, Finance, or related field of study plus 4 years of experience in the job offered or as Securities Valuation, Valuation Analyst, Business Analyst, Financial Derivatives Analyst, Structured Fixed Income Valuation Analyst, Financial Research Analyst, or related occupation.

Skills Required: This position requires two (2) years of experience with the following: Working with structured fixed income securities, mortgage-backed securities, whole loan, and asset-backed securities including prepayment and loss severity forecasting and rate shock analysis; performing portfolio analysis and report generation for fixed-income securities including leveraging data visualization tools; performing market color and intelligence gathering including identification of new market and sector trends using Bloomberg, Intex, Trepp, and GreenStreet; performing maintenance of color databases using Python, SQL, and Excel; presenting market intelligence, color, and trends including defense of generated analysis, valuations, and reports covering sector and individual instruments to individual clients, portfolio managers, traders, research, operations, and sales teams; performing data manipulation, structuring, design flow, and query optimization using SQL and Python; performing fixed income modeling and valuation, including, discount cash flow modeling and return forecasting leveraging Bloomberg and Intex; designing interactive Excel reports with advanced functionalities including vlookup, xlookup, hlookup, index match, data analysis add-ons, pivot tables, and macros including Visual Basic for Applications.  

Job Location: 1230 Avenue of the Americas, New York, NY 10020.

Full-Time. Salary:  $148,678 - $165,000 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.