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Fixed Income Derivative Analyst Jobs (NOW HIRING)

PNC

Fixed Income Trader - Buy Side

Philadelphia, PA · On-site

As a Fixed Income Trader within PNC's Asset Management Group organization, you will be based in ... Risk Analysis, Database Architecture, Design Thinking, Equity Trading, Financial Derivatives ...

National Association of Women in Construction

... Analyst to advance our fixed income portfolio construction and research capabilities. This role ... Identify derivative strategies to better express investment views and manage risk. Trade Review ...

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Fixed Income Derivative Analyst information

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$43.5K

$108.7K

$195K

How much do fixed income derivative analyst jobs pay per year?

As of Sep 10, 2026, the average yearly pay for fixed income derivative analyst in the United States is $108,695.00, according to ZipRecruiter salary data. Most workers in this role earn between $72,500.00 and $131,000.00 per year, depending on experience, location, and employer.

What does a fixed income derivative analyst do?

A Fixed Income Derivative Analyst is responsible for analyzing and managing financial securities that derive their value from fixed income products, such as bonds, interest rate swaps, and credit derivatives. Their role involves assessing market trends, pricing derivatives, evaluating risk, and providing insights to support trading and investment decisions. They often work closely with traders, portfolio managers, and risk management teams to ensure that derivative strategies align with overall investment objectives and regulatory requirements.

What skills and qualifications are needed to be a fixed income derivative analyst?

To thrive as a Fixed Income Derivative Analyst, you need strong quantitative analysis skills, a solid understanding of fixed income markets, and typically a degree in finance, mathematics, or a related field. Familiarity with Bloomberg, Excel (including VBA), and risk management systems, as well as relevant certifications like CFA, are often required. Exceptional attention to detail, effective communication, and the ability to work under pressure are vital soft skills in this role. These competencies ensure accurate pricing, risk assessment, and effective collaboration, all of which are crucial for managing complex financial products and supporting informed investment decisions.

How does a fixed income derivative analyst collaborate with traders and risk managers?

A Fixed Income Derivative Analyst works closely with traders to provide quantitative analysis, pricing models, and market insights that support trading strategies. They also partner with risk managers to assess portfolio risks, stress test scenarios, and ensure compliance with regulatory requirements. Daily collaboration often involves sharing data, discussing market movements, and refining models to optimize trading and mitigate risk. This teamwork ensures that both trading and risk objectives are aligned and that strategies are well-informed by rigorous analysis.

What is the difference between Fixed Income Derivative Analyst vs Fixed Income Analyst?

AspectFixed Income Derivative AnalystFixed Income Analyst
Primary FocusSpecializes in derivatives related to fixed income securities, including structuring, valuation, and risk management of derivativesAnalyzes and manages overall fixed income securities, including bonds and debt instruments
Required SkillsDerivatives pricing, risk modeling, quantitative analysis, knowledge of derivatives marketsBond valuation, credit analysis, macroeconomic understanding, portfolio management
Work EnvironmentInvestment banks, trading desks, derivatives teamsAsset management firms, investment banks, pension funds

The main difference is that Fixed Income Derivative Analysts focus on derivatives related to fixed income securities, while Fixed Income Analysts handle broader bond and debt security analysis. Both roles require strong quantitative skills and knowledge of financial markets, but their specific areas of expertise differ.

What are popular job titles related to Fixed Income Derivative Analyst jobs?

For Fixed Income Derivative Analyst jobs, the most frequently searched job titles are:

Infographic showing various Fixed Income Derivative Analyst job openings in the United States as of September 2026, with employment types broken down into 100% Full Time. Highlights an 75% In-person, and 25% Hybrid job distribution, with an average salary of $108,695 per year, or $52.3 per hour.

Fixed Income Analyst

Manhattan, NY • On-site

Intercontinental Exchange Holdings, Inc.
Finance and Insurance • 5 - 10K employees
Learn more about Intercontinental Exchange Holdings, Inc.external

$82K - $112K/yr

Other

Medical, Dental, Vision, Life, Retirement, PTO

Posted 28 days ago

Job description

OverviewJob Purpose

ICE Data Services is an industry leading provider of high quality evaluated pricing across multiple asset classes including fixed income, derivatives, credit and OTC securities. We support mission-critical processes across the front, middle and back offices of organizations around the world through our award-winning end of day (EOD) and continuous evaluated pricing (CEP) products, offering comprehensive coverage and reliable delivery.

ICE Data Services is looking for a Fixed Income Analyst with a background in municipal bonds. The primary responsibility of the Municipal Fixed Income Analyst will be to assist with the management and maintenance of the ICE Municipal Yield Curve, ensuring accuracy, consistency, and timely delivery of curve outputs. As a secondary responsibility, the analyst will support the generation of daily EOD and intraday CEP evaluations for municipal bonds and other municipal credit instruments as part of ICE Data Services’ Municipal Evaluations Group. The candidate will work in a team environment collecting market data, and interacting with colleagues in the Municipal Evaluations Group, internal stakeholders, and the municipal fixed income client base. Knowledge of municipal fixed income securities and experience in the municipal bond market are required.

Responsibilities
  • Manage and maintain the ICE Municipal Yield Curve, including daily calibration, quality control, and timely publication of curve outputs
  • Collaborate with technology and data science teams on curve methodology enhancements and model validation
  • Support daily EOD and intraday CEP evaluation of municipal fixed income securities using proprietary models when not engaged in yield curve management
  • Interpret market information and apply it to the evaluation process
  • Contribute to new product and system enhancement development projects as needed
  • Respond to time critical daily customer inquiries; must be comfortable with frequent client contact
  • Establish and maintain market contacts; interact with market participants
  • Research and build specialist knowledge of assigned markets
  • Monitor news and market conditions and provide commentary as required
  • Undertake ad-hoc research projects as directed by management
Knowledge and Experience
  • Bachelor’s degree in Finance, Economics, Accounting, or a related field preferred
  • 3+ years of market experience with municipal fixed income securities
  • Strong understanding of the market forces impacting the municipal fixed income market
  • Familiarity with yield curves and term structure models as applied to the municipal market
  • Some knowledge of practical applications of statistical analysis
  • Proficient in Microsoft Office; comfortable learning new technology as it applies to securities valuation
  • Excellent interpersonal, analytical, and communication skills
  • Ability to work under stringent time constraints, multi-task and prioritize workload
  • Ability to digest market information and articulate in a structured and concise manner
  • Team player with willingness to collaborate with colleagues and take direction from management
  • Independent self-starter, able to sustain productivity in a fast-paced environment
  • Ability to work the hours necessary to achieve daily objectives
New York Base SalaryRange

The expected base salary for this role, if located in New York, is between $82,000 - 112,000 USD. The base salary range does not include Intercontinental Exchange’s incentive compensation. While we provide this range as general guidance, at ICE we compensate employees based on the skillset and experience of the individual. Regular full-time ICE employees are eligible for a suite of competitive employee benefits, including healthcare coverage (medical, dental and vision), a 401(k) plan, life insurance, time off, and paid leave for qualifying circumstances.

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Intercontinental Exchange, Inc. is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to legally protected characteristics.

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