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Fixed Income Derivatives Jobs (NOW HIRING)

... derivative instruments in a high-calibreenvironment. The successful candidate will have proven ... Liaise with Investment Operations and other fixed income business units tomaintainorder flow ...

... derivative instruments in a high-calibreenvironment. The successful candidate will have proven ... Liaise with Investment Operations and other fixed income business units tomaintainorder flow ...

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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 May 31, 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 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.

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 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 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.

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:
Infographic showing various Fixed Income Derivatives job openings in the United States as of May 2026, with employment types broken down into 16% Full Time, 79% Part Time, and 5% Contract. Highlights an 91% Physical, 7% Hybrid, and 2% Remote job distribution, with an average salary of $108,695 per year, or $52.3 per hour.

Full-time

Posted 17 days ago


Job description

The Fixed Income Product Manager will act as the bridge between business stakeholders, broking desks, and technology teams. The successful candidate will help identify, define, and deliver platform enhancements that drive revenue growth, expand market coverage, and ensure regulatory compliance.

  • Deep understanding of Fixed Income products including Treasuries, Gilts, EGBs, TIPS/Linkers, and Corporate Bonds.
  • Strong grasp of derivative instruments such as Credit Default Swaps (CDS) and Interest Rate Swaps (IRS), OIS, FRAs, Caps/Floors, and Swaptions.
  • Excellent understanding of price, yield-to-maturity, and DV01 concepts and their underlying calculations.
  • Familiarity with structured trades and packages (switches, flies, basis, gadgets, spread switches) and how they are priced and settled.
  • Knowledge of trading protocols such as Central Limit Order Books (CLOB) and auction mechanisms.
  • (Optional) Understanding of implied trading and legging strategies.
Technical Skills
  • Advanced Excel proficiency.
  • Working knowledge of SQL for querying databases (Oracle, Sybase, NoSQL).
  • Ability to conduct data analysis in Python using frameworks such as Pandas and Matplotlib (in Jupyter Notebook or Google Colab).
  • Ability capture requirements in Confluence and Jira
  • Familiarity with test automation and ability to guide the QA team on test scenarios 
  • Collaborate with business stakeholders to identify new feature opportunities that enhance revenue potential, market reach, and compliance.
  • Translate business requirements into clear, actionable system requirements.
  • Liaise between broking desks, developers, and QA teams to ensure successful implementation and rollout of solutions.
  • Support QA during testing and coordinate User Acceptance Testing (UAT) with end users to ensure timely sign-offs.