Analyst, Bank Solutions, Interest Rate Derivatives (NYC & Chicago)
Derivative Path (“DP”) is a private equity backed, technology focused capital markets and risk management firm that offers a best-in-class, end-user focused derivatives platform (“DerivativeEDGE” or “EDGE”) which clients can use independently for all interest rate and FX derivatives needs, front-office through back-office. We then support the technology offering with a full suite of risk solutions, execution, and support services provided by experienced capital markets professionals. We have four offices in two countries and over 200 clients.
The Opportunity
We are looking for an ambitious and motivated Analyst to join our Interest Rate Derivatives Sales team at one of our offices in New York or Chicago. This role requires that employees will be available to work in an office with the potential for occasional hybrid or remote work.
Our team helps regional and community banks offer interest rate hedging solutions to their commercial borrowers. We also help banks use interest rate derivatives to manage interest rate risk on their own balance sheet. 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. Experience with banking and financial markets is ideal, but we do not expect candidates to have a deep understanding of derivatives. Training and support will be provided as needed.
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.
What You'll Do
- 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
- Maintain details of sales activities in our CRM platform
- 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
- Bachelor’s degree in Finance, Business, Economics, Engineering, or Computer Science
- 0-3 years of work experience (or internships) in a sales & trading environment
- Effective written and verbal communication skills
- Superior quantitative skills and attention to detail
- Interest in financial markets/banking
- Ability to work effectively in a fast-paced environment
- Desire to expand your skill-set and contribute in many ways to a fast-growing fintech firm
- Fluent in Microsoft Office – PowerPoint, Excel, Word
- Prior experience with banking, financial markets, or interest rate derivatives is preferred but not required
Benefits
- Competitive bonus, base salary, and equity compensation
- 40 hours of sick time
- 18 days of PTO
- Paid parental leave
- 401K matching at 3%
- Competitive health benefits including HSA and FSA options, life insurance, and short-term disability
The expected salary for this position ranges from $90,000+. When determining your pay, we will take into account your skills, experience, and location.
------------------------------------------------------------------------------------------------------------------
Derivative Path is an equal opportunity employer and does not discriminate based on any of the following: race, religious creed, color, age, sex, sexual orientation, gender identity, gender expression or gender characteristic, national origin, religion, marital status, medical condition, physical or mental disability, military service or veteran status, pregnancy, childbirth and related medical conditions, or any other classification protected by federal, state, and local laws and ordinances. Derivative Path offers a comprehensive benefits package, including health, dental, vision, 401k contribution, flexible spend accounts, and a generous paid time off policy.