Associate, Bank Solutions, Interest Rate Derivatives

Who We Are

Derivative Path is an award-winning firm providing financial technology and advisory solutions firm that empowers regional and community banks, private equity firms, and corporate clients to access capital markets. Launched in 2013, the Company is solving complex interest rate, foreign exchange, and commodity transactions through an all-in-one platform that democratizes access to the capital and liquidity of Wall Street firms, leveling the playing field between major banks and thousands of community and regional banks, credit unions, private equity firms, and commercial end-users in a way that no other firm has. Its single, intuitive dashboard helps firms manage risk and enhance workflows while delivering better transparency, hedging capabilities, risk management, and operating efficiency. 
With a team of seasoned professionals comprised of decades of industry experience, Derivative Path offers a flexible, hybrid work environment to its 100+ employees with the ability to work remotely and from one of four offices in San Francisco, New York, Chicago, and Manila. The Company is dedicated to building a diverse environment and has an unwavering commitment to creating a sense of belonging for all employees.

What You’ll Do

We are looking for an ambitious and motivated Associate to join our Bank Solutions (Interest Rate Derivatives Sales) team. This role requires that employees are available to work onsite in our New York or Chicago office. The Bank Solutions team helps regional and community banks offer interest rate hedging solutions to their commercial borrowers. We are effectively the interest rate sales and trading team for over 250 banks across the U.S. This is a client-facing role that involves daily interaction with bank executives and commercial banking lenders, as well as the trading desks of large money-center swap dealers. You will support the daily activities of senior derivatives sales team members, structure and execute derivatives transactions, and assist with ad hoc projects.  Success in the role requires a foundational knowledge of financial markets with strong interpersonal skills. The ideal candidate will have direct experience with interest rate derivatives and familiarity with commercial banking. 

This is a great opportunity to build a career in financial markets at a smaller organization where your work will have a direct impact on clients and the success of the firm. Responsibilities will include, but are not limited to:

• Respond to client inquiries about pricing and structuring of interest rate derivatives 

• Prepare client presentations and marketing materials 

• Execute interest rate derivative trades with swap dealers and commercial borrowers 

• Manage interest rate derivative transactions through each stage of the sales pipeline 

• Communicate current market trends in an easily understood written format 

• Coordinate onboarding for new transactions with partners in Legal, Compliance, and Operations 

• Educate bank executives, lenders and borrowers on derivatives transactions that accomplish their risk-management objectives 

Qualifications

• 1-3 years of professional work experience with interest rate derivatives 

• Familiarity with Dodd-Frank regulations, ECP qualifications, and ISDA documentation 

• Superior attention to detail 

• Effective written and verbal communication skills 

• Ability to work effectively in a fast-paced environment 

• Desire to build wide set of skills and contribute in multiple ways to a fast-growing firm