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Fixed Income Derivatives Jobs (NOW HIRING)

CERES Group

Calypso Business Analyst

Boston, MA

In addition this team supports Fixed Income, Equity, Commodity, and Currency OTC derivatives used throughout the firm's portfolio management, trading, and operations. Members of the Alternatives team ...

T Rowe Price

Director, Fixed Income Risk

Baltimore, MD · On-site

Role Summary The Fixed Income Risk Director is a key role within Investment Risk at T. Rowe Price ... S. and European corporate bonds, interest rate and credit derivatives, and a variety of securitized ...

eClercx

Operations Manager

Salt Lake City, UT · On-site

$100K - $125K/yr

Own the firm's global Records Retention Schedule (RRS) for capital markets, covering equities, fixed income, derivatives , structured products, prime brokerage, repo/reverse repo, and securities ...

eClerx

Operations Manager

Salt Lake City, UT

$100K - $125K/yr

Own the firm's global Records Retention Schedule (RRS) for capital markets, covering equities, fixed income, derivatives , structured products, prime brokerage, repo/reverse repo, and securities ...

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All JobsFixed Income Derivatives Jobs

Fixed Income Derivatives information

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$43.5K

$108.7K

$195K

How much do fixed income derivatives jobs pay per year?

As of Jun 22, 2026, the average yearly pay for fixed income derivatives 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 are some common challenges faced when working in Fixed Income Derivatives, and how can candidates prepare for them?

Professionals in Fixed Income Derivatives often face challenges related to rapidly changing market conditions, complex valuation models, and regulatory requirements. To succeed, candidates should be comfortable with quantitative analysis, stay updated on market trends, and be proactive in learning about new regulatory changes. Collaboration with traders, risk managers, and IT teams is essential for managing risk and developing effective strategies. Gaining hands-on experience with relevant pricing tools and maintaining strong communication skills will help you thrive in this fast-paced environment.

What is the difference between Fixed Income Derivatives vs Fixed Income Analysts?

AspectFixed Income DerivativesFixed Income Analysts
Primary FocusDeveloping, pricing, and managing derivatives tied to fixed income securitiesAnalyzing fixed income securities and market trends to provide investment insights
Required SkillsQuantitative analysis, derivatives pricing, risk managementCredit analysis, market research, financial modeling
Work EnvironmentTrading desks, risk management teams, investment banksResearch departments, asset management firms, banks
CertificationsFRM, CFA, derivatives certificationsCFA, CPA, or related financial certifications

Fixed Income Derivatives professionals focus on creating and managing derivative products linked to fixed income securities, emphasizing quantitative skills and risk management. Fixed Income Analysts primarily analyze securities and market data to guide investment decisions. While both roles require strong financial knowledge, derivatives specialists are more involved in product development and trading, whereas analysts focus on research and valuation.

What are fixed income derivatives?

Fixed income derivatives are financial contracts whose value is derived from underlying fixed income securities, such as bonds or interest rates. Common examples include interest rate swaps, credit default swaps, and bond futures. These instruments are used by investors and institutions to manage risk, hedge exposures, or speculate on movements in interest rates and credit spreads. They play a crucial role in modern financial markets by providing tools for risk management and price discovery.

What are the key skills and qualifications needed to thrive as a Fixed Income Derivatives Specialist, and why are they important?

To excel as a Fixed Income Derivatives Specialist, you need a strong background in finance, quantitative analysis, and risk management, often supported by a relevant degree such as finance, mathematics, or economics. Familiarity with financial modeling tools like Excel, Bloomberg Terminal, and programming languages such as Python or VBA is highly valuable, as are certifications like CFA or FRM. Exceptional analytical thinking, attention to detail, and effective communication skills set top performers apart in this field. These capabilities are crucial for accurately pricing derivatives, managing risk exposures, and making informed trading or investment decisions in a complex, fast-moving market.
More about Fixed Income Derivatives jobs
What cities are hiring for Fixed Income Derivatives jobs? Cities with the most Fixed Income Derivatives job openings:
What states have the most Fixed Income Derivatives jobs? States with the most job openings for Fixed Income Derivatives jobs include:
What job categories do people searching Fixed Income Derivatives jobs look for? The top searched job categories for Fixed Income Derivatives jobs are:
Fixed Income Derivatives jobs near you
Infographic showing various Fixed Income Derivatives job openings in the United States as of June 2026, with employment types broken down into 99% Full Time, and 1% Part Time. Highlights an 91% Physical, 5% Hybrid, and 4% Remote job distribution, with an average salary of $108,695 per year, or $52.3 per hour.
Quantitative Desk Strategist - Fixed Income - Associate

Quantitative Desk Strategist - Fixed Income - Associate

Morgan Stanley

New York, NY • On-site

$150K - $200K/yr

Full-time

Posted 24 days ago

Morgan Stanley rating

8.3

Company rating: 8.3 out of 10

Based on 147 frontline employees who took The Breakroom Quiz

39th of 138 rated financial services

Job description

We are looking for a Quantitative Desk Strategist who combines strong quantitative modeling skills, fixed income derivatives knowledge, and hands-on software development experience.
This role sits within the Strats organization and works closely with the trading desk. The focus is on developing analytics for complex fixed income products and building real-time risk systems that support daily trading decisions. It is a hands-on role that requires close collaboration with traders and strategists to solve practical trading problems.
The ideal candidate can understand market risk, derivative pricing, and trading workflows, then translate those needs into practical models, scalable system design, and production-quality code. This role requires someone comfortable working across models, data, infrastructure, and user workflows, while keeping the desk's real-time needs front and center.
The ideal candidate can communicate clearly with both technical and non-technical audiences.
You will questions such as:
  • How should we model, price, and risk-manage products such as Total Return Swaps, Tender Option Bond Trusts, bond options, interest rate swaps, and rates forwards?
  • How can we measure and explain risk across positions, products, curves, scenarios, as market moves in real time?
  • How do we build systems that are reliable, fast, and intuitive enough for traders to use during the trading day?
  • How can complex derivative analytics be turned into tools that improve trading decisions?
  • How do we design systems that are scalable, maintainable, and resilient under market pressure?

Responsibilities
  • Develop quantitative models and analytics for pricing, risk, inventory, market impact, and trading performance.
  • Build reliable tools and workflows used directly by traders and strategists.
  • Analyze large, noisy, real-time datasets to identify patterns, risks, and opportunities.
  • Explain model results, assumptions, limitations, and trade-offs to both technical and non-technical audiences.
  • Partner closely with traders to improve decision-making across bonds, futures, ETFs, derivatives, and related products.
  • Investigate P&L drivers and distinguish repeatable edge from temporary market conditions.
  • Contribute to scalable systems that connect trading decisions across instruments, products, and regions.

What We Are Looking For
  • Master's or Ph.D. in Mathematics, Physics, Engineering, Operations Research, Computer Science, Statistics, or similar quantitative fields.
  • Strong coding skills; willingness to learn Scala quickly is required. Prior Scala or Python experience is a strong plus.
  • Solid foundation in probability, statistics, numerical methods, and data modeling.
  • Ability to communicate complex ideas clearly using data, mathematics, and practical examples.
  • Curiosity about markets and willingness to learn bonds, ETFs, futures, and derivatives quickly.
  • Comfort having your ideas challenged and challenging others constructively.
  • Strong ownership, practical judgment, and attention to detail.
  • A genuinely good sense of humor.

Nice to Have
  • AI-assisted coding experience.
  • Experience with kdb/q or other high-performance time-series databases.
  • Experience with Java, C++, or distributed systems.
  • Familiarity with machine learning techniques such as logistic regression, random forests, clustering, or classification models.
  • Prior exposure to fixed income, electronic trading, market microstructure, or risk management.
  • Experience building large-scale, transaction-processing, or real-time decision systems.

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:
At Morgan Stanley, we raise, manage and allocate capital for our clients - helping them reach their goals. We do it in a way that's differentiated - and we've done that for 90 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren't just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you'll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There's also ample opportunity to move about the business for those who show passion and grit in their work.
To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser.
Expected base pay rates for the role will be between $150,000 - $200,000 per year for Associate at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.
Morgan Stanley is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background. Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents.
Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences.
For more information, please visit: https://www.morganstanley.com/people-opportunities/eeo.

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