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Derivative Analyst Jobs (NOW HIRING)

EDF Trading Limited

Sr. Derivative Accountant

Houston, TX · On-site

$70.70K - $88.80K/yr

The Sr. Derivative Accountant is a key member of the finance and accounting team, responsible for ... Perform relevant balance sheet reconciliations, analysis and variance commentary. * Monitor and ...

Fidelity Investments

Senior Analyst, Derivatives

Merrimack, NH · On-site

$87.50K - $109K/yr

Core processing and services that the Derivatives Analyst will support includes legal trade confirmation, periodic payments, exchange traded futures collateral, centrally cleared collateral, OTC ...

Pennmutual

$95K - $100K/yr

Strong foundationin Financial Mathematics, including derivative pricing theory and practical applications * Solid knowledge of modeling techniques such as Monte Carlo simulation, sensitivity analysis ...

New York Life

Director, Derivatives

Manhattan, NY · Hybrid

$119K - $170K/yr

Contribute to the design, enhancement, and ongoing use of tools and processes used to manage derivative exposures and related risks * Analyze complex datasets to support portfolio insights, assess ...

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How much do derivative analyst jobs pay per year?

As of May 31, 2026, the average yearly pay for derivative analyst in the United States is $73,261.00, according to ZipRecruiter salary data. Most workers in this role earn between $52,500.00 and $87,000.00 per year, depending on experience, location, and employer.

What does a Derivative Analyst do?

A Derivative Analyst evaluates and manages financial derivatives such as options, futures, and swaps. They assess market trends, pricing models, and risk exposure to help institutions optimize hedging and investment strategies. Their role often involves quantitative analysis, financial modeling, and collaborating with traders and risk managers. Strong analytical skills, knowledge of financial instruments, and proficiency in tools like Excel, Python, or SQL are essential for this position.

What are the key skills and qualifications needed to thrive in the Derivative Analyst position, and why are they important?

To thrive as a Derivative Analyst, you need strong quantitative skills, a solid understanding of financial markets, and typically a degree in finance, mathematics, or a related field. Familiarity with financial modeling software, programming languages such as Python or R, and systems like Bloomberg or Reuters is highly valued, along with certifications like CFA or FRM. Attention to detail, analytical thinking, and clear communication are important soft skills for this position. These qualifications enable accurate risk assessment, effective data analysis, and collaboration with team members in fast-paced financial environments.

What are the typical daily responsibilities of a Derivative Analyst?

A Derivative Analyst's daily tasks often include monitoring market trends, analyzing derivatives positions, and preparing reports to support trading or risk management decisions. You’ll regularly use quantitative models and financial software to evaluate portfolio exposures and recommend strategies. Collaboration with traders, portfolio managers, and risk teams is common, as is presenting your insights in meetings or written briefings. The fast-moving nature of the derivatives market often means adapting quickly to new data, ensuring your analyses remain accurate and relevant.
More about Derivative Analyst jobs
What cities are hiring for Derivative Analyst jobs? Cities with the most Derivative Analyst job openings:
What are the most commonly searched types of Derivative Analyst jobs? The most popular types of Derivative Analyst jobs are:
What states have the most Derivative Analyst jobs? States with the most job openings for Derivative Analyst jobs include:
What job categories do people searching Derivative Analyst jobs look for? The top searched job categories for Derivative Analyst jobs are:
Derivative Analyst jobs near you
Infographic showing various Derivative Analyst job openings in the United States as of May 2026, with employment types broken down into 83% Full Time, and 17% Part Time. Highlights an 79% Physical, and 21% Remote job distribution, with an average salary of $73,261 per year, or $35.2 per hour.
Derivative Lead Analyst / Analyst II - Portfolio Management

Derivative Lead Analyst / Analyst II - Portfolio Management

Protective

Birmingham, AL

$79.50K - $120K/yr

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 6 days ago

Protective Life rating

9.1

Company rating: 9.1 out of 10

Based on 13 frontline employees who took The Breakroom Quiz

24th of 259 rated insurance

Job description

The work we do has an impact on millions of lives, and you can be a part of it.
We help protect our customers against life's uncertainties. Regardless of where you work within the company, you'll be helping provide protection and peace of mind when our customers need it most.

The Derivative Analyst II or Lead Analyst plays a key role on the Derivatives team, supporting portfolio management and risk management for insurance liabilities. This position is ideal for a quantitatively minded professional with strong capital markets and technical skills who is interested in building, maintaining, and improving derivative hedging models and systems. The role offers exposure to senior leadership, hands-on analytical responsibility, and the opportunity to grow into direct portfolio ownership over time.
Key Responsibilities
  • Support derivative hedging programs across variable annuity (VA), fixed indexed annuity (FIA), and other insurance products.
  • Develop expertise in derivatives capital markets, including the design and execution of hedging strategies.
  • Build, modify, and maintain models and systems used for portfolio management and risk management.
  • Collaborate with Derivatives, IT, Risk, and Middle Office teams to ensure effective system design and operation.
  • Perform ad hoc research and analysis in support of hedging and portfolio decisions.
  • Provide data, analysis, and reporting to internal stakeholders as needed.
  • Interpret internal and external issues and recommend solutions or best practices.
  • Communicate analysis and results to senior staff and leadership.
  • Participate in training, professional development, and ongoing learning related to derivatives, capital markets, and technology.
  • Contribute to project-based work supporting enhancements to models, systems, and processes.
Core Competencies
  • Derivatives & Capital Markets Analysis
    • Foundational understanding of derivatives, capital markets, and hedging strategies
    •  Ability to support the design, execution, and monitoring of derivative hedging programs
    • Understanding of the interaction between market risk, insurance liabilities, and portfolio outcomes
  • Financial Modeling & Quantitative Analytics
    •  Experience working with financial, quantitative, or actuarial models
    • Ability to run, interpret, and troubleshoot models supporting portfolio and risk management
    • Experience performing scenario, sensitivity, and ad hoc analysis to support decision-making
  • Portfolio & Hedging Program Support
    •  Support ongoing hedging programs across multiple products, including VA and FIA
    • Ability to provide timely data, analysis, and reporting to Risk, Middle Office, and other partners
    • Comfort supporting day-to-day portfolio management activities and special projects
  • Technology, Tools & Systems
    • Experience working within a modeling or analytics technology stack
    • Coding experience with Python and SQL preferred; exposure to C++, C#, R, or similar languages a plus
    • Ability to maintain and enhance systems used for portfolio management and hedging operations
  • Communication & Collaboration
    • Clear written and verbal communication skills
    • Ability to communicate complex analytical results to senior leaders and key stakeholders
    • Comfortable collaborating across teams including Derivatives, IT, Risk, and Middle Office
  • Professional Effectiveness
    • Strong analytical thinking, attention to detail, and sound judgment
    • Ability to manage shifting priorities in a fast-paced, team-oriented environment
    • Intellectual curiosity, willingness to learn, and proactive approach to problem solving
Minimum Qualifications:
  • Bachelor's degree in a quantitative or technical discipline such as finance, mathematics, engineering, actuarial science, computer science, or a related field.
  • Experience with analytics or modeling, preferably in a financial, derivatives, quantitative, or actuarial context.
  • Demonstrated interest in capital markets and risk management.
  • Strong communication skills and a collaborative working style.
  • Ability to work in an in-office environment.
Preferred Qualifications
  • Advanced degree (MS, MBA, etc).
  • Experience with asset management, capital markets, or derivatives modeling.
  • Actuarial science background or actuarial designation.
  • Understanding of fixed income securities, derivatives, insurance liabilities, and risk management.
  • Coding experience, preferably in Python and SQL; experience with C++, C#, R, or similar languages is highly preferred.
  • Experience working with or supporting senior leadership.
  • Interest in progressing toward portfolio ownership and broader investment responsibility over time.
$79,500 - $120,000 a year
Protective's targeted salary range for this position is $79,500-$120,000. Actual salaries may vary depending on factors, including but not limited to, job location, skills, and experience. The range listed is just one component of Protective's total compensation package for employees. At the Lead Analyst (P34) level, this position also offers additional incentive opportunities through an annual incentive based on individual and Company performance.
 
The internal job title for this role is Associate II OR Lead Associate Portfolio Management & Trading. Leveling is determined by the hiring manager based on competency, education, and relevant experience.
 
#LI-AP1

Employee Benefits:  
We aim to protect the wellbeing of our employees and their families with a broad benefits offering. In addition to offering comprehensive health, dental and vision insurance, we support emotional wellbeing through mental health benefits and an employee assistance program. Work/life balance is important and Protective offers a variety of paid time away benefits (e.g., paid time off, paid parental leave, short-term disability, and a cultural observance day). The financial health of our employees is just as important as physical and emotional health.  Some of the financial wellbeing benefits include contributions to healthcare accounts, a pension plan, and a 401(k) plan with Company matching. All employees are encouraged to protect their overall wellbeing by engaging in ProHealth Rewards, Protective's platform to improve wellbeing while earning cash rewards.   

Eligibility for certain benefits may vary by position in accordance with the terms of the Company's benefit plans.

Accommodations for Applicants with a Disability:
If you require an accommodation to complete the application and recruitment process due to a disability, please email [email protected]. This information will be held in confidence and used only to determine an appropriate accommodation for the application and recruitment process.

Please note that the above email is solely for individuals with disabilities requesting an accommodation.  General employment questions should not be sent through this process.

We are proud to be an equal opportunity employer committed to being inclusive and attracting, retaining, and growing an inclusive workforce.
We may use artificial intelligence (AI) tools to support parts of the hiring process, such as reviewing applications, analyzing resumes, or assessing responses. These tools assist our recruitment team but do not replace human judgment. Final hiring decisions are ultimately made by humans. If you would like more information about how your data is processed, please contact us.
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