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Interest Rate Derivative Jobs in Texas (NOW HIRING)

Frost Bank

Derivatives Specialist

San Antonio, TX · On-site

... derivative transactions * Interact with customers to evaluate and present customized interest rate, commodity, and foreign exchange hedging opportunities * Work with Relationship Managers, Sales ...

Frost Bank

Derivatives Specialist

San Antonio, TX · On-site

... derivative transactions * Interact with customers to evaluate and present customized interest rate, commodity, and foreign exchange hedging opportunities * Work with Relationship Managers, Sales ...

Permian Resources

Treasury Analyst

Midland, TX

Track and maintain the company's hedge portfolio, including commodity and interest rate derivatives. * Record and reconcile hedge transactions with broker confirmations and bank statements. * Prepare ...

Permian Resources

Treasury Analyst

Midland, TX · On-site

Track and maintain the company's hedge portfolio, including commodity and interest rate derivatives. * Record and reconcile hedge transactions with broker confirmations and bank statements. * Prepare ...

Boutique Recruiting

Hybrid Portfolio Analyst

Plano, TX · On-site

$120K - $150K/yr

You'll play a key role in balance sheet management, portfolio optimization, and investment strategy while gaining exposure to complex fixed income products, derivatives, and interest rate management.

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Interest Rate Derivative information

See Texas salary details

$98.3K

$182.9K

$342.4K

How much do interest rate derivative jobs pay per year?

As of Aug 31, 2026, the average yearly pay for interest rate derivative in Texas is $182,861.00, according to ZipRecruiter salary data. Most workers in this role earn between $102,500.00 and $256,200.00 per year, depending on experience, location, and employer.

What is an interest rate derivative?

An Interest Rate Derivative job involves working with financial contracts whose value depends on interest rate movements. Professionals in this role typically trade, structure, or manage risk related to instruments like interest rate swaps, options, and futures. They analyze market trends, develop hedging strategies, and work with clients to customize solutions based on their needs. These roles exist in investment banks, asset management firms, and corporate treasury departments, requiring strong quantitative and analytical skills.

What does an interest rate derivative professional do?

Professionals in Interest Rate Derivatives roles often monitor market trends, develop and price derivative strategies, execute trades, and manage risk exposures throughout the trading day. They frequently collaborate with sales teams, risk managers, and sometimes directly with clients to structure customized solutions or advise on hedging strategies. Advanced data analysis, report generation, and compliance with internal risk controls are also common aspects of the job. This dynamic work environment requires continuous learning and quick decision-making as market conditions can change rapidly.

What are the key skills and qualifications needed to thrive in the interest rate derivative position?

To thrive in an Interest Rate Derivatives role, you typically need a strong background in finance, mathematics, or economics, with expertise in derivative products and financial markets. Familiarity with trading platforms, risk management systems, and proficiency in Excel or programming languages like Python is often required, along with certifications such as CFA or FRM being advantageous. Strong analytical thinking, attention to detail, and effective communication skills help individuals excel, especially when working in fast-paced or team-based environments. These competencies are crucial for managing complex transactions, assessing risk exposures, and ensuring accurate pricing in dynamic market conditions.

How does an interest rate derivative work?

An interest rate derivative is a financial contract used by interest rate derivatives traders to manage or speculate on changes in interest rates. It derives its value from underlying interest rates, such as LIBOR or SOFR, and can include instruments like swaps, options, or futures. These derivatives help firms hedge interest rate risk and require knowledge of financial modeling and market analysis.

What are popular job titles related to Interest Rate Derivative jobs in Texas?

For Interest Rate Derivative jobs in Texas, the most frequently searched job titles are:

What job categories do people searching Interest Rate Derivative jobs in Texas look for?

The top searched job categories for Interest Rate Derivative jobs in Texas are:

Interest Rate Derivative jobs near you
Infographic showing various Interest Rate Derivative job openings in Texas as of August 2026, with employment types broken down into 1% As Needed, 70% Full Time, 21% Part Time, 1% Temporary, 6% Contract, and 1% Nights. Highlights an 94% Physical, 1% Hybrid, and 5% Remote job distribution, with an average salary of $182,861 per year, or $87.9 per hour.

Derivatives Specialist

Frost Bank

San Antonio, TX • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 22 days ago

Frost Bank rating

8.7

Company rating: 8.7 out of 10

Based on 30 frontline employees who took The Breakroom Quiz

23rd of 173 rated banks

Job description

Job Description

It's about being there and building trust.

Are you known for your attention to detail and exceptional organizational skills? Do you like working with others and have a goal-oriented mindset? Are your ready to facilitate all the moving pieces to help deliver a seamless experience? If so, being a Derivatives Specialist with Frost could be for you.

At Frost, it's about more than a job. It's about having a flourishing career where you can thrive, both in and out of work. At Frost, we're committed to fostering an environment that reflects our values and encourages team members to be the best they can be. In joining our adaptable, integrity-driven team, you'll become part of Frost's over 150-year legacy of providing unparalleled banking services.

Who you are:

As a Derivatives Specialist with Frost, you are our subject matter expert. In this role, you are responsible for administering the bank's foreign exchange, interest rate, and commodity hedging product groups. Your goal is to limit risk on behalf of both the bank and its customers. You will use your effective communication skills to interact with customers and work with Frost lines of business to give guidance and present customized opportunities. Our Derivatives Specialists believe in efficiency and strive to go above and beyond with integrity, caring and excellence in mind.

What you'll do:

  • Join a team responsible for administering the bank's foreign exchange, interest rate, and commodity hedging product groups with the goal of limiting risk on behalf of both the bank and its customers

  • Monitor and maintain foreign currency account positions within the given foreign exchange policy, executing and capturing foreign exchange and derivative transactions

  • Interact with customers to evaluate and present customized interest rate, commodity, and foreign exchange hedging opportunities

  • Work with Relationship Managers, Sales Managers, Credit Officers, and back office personnel to give guidance on loan pricing, coordinate documentation, track sales opportunities, and respond to ad-hoc queries

  • Attend periodic regional sales meetings to provide market commentary and further develop relationships with Sales Managers and Relationship Managers

  • Works closely with Derivatives Analyst I and II to further teach and convey basic derivative principles and explain derivatives and foreign exchange systems

  • Always take action using Integrity, Caring, and Excellence to achieve all-win outcomes

What you'll need:

  • Bachelor's degree in Finance, Economics, Mathematics, or Statistics; or a related technical field

  • 5+ years commercial lending or derivatives experience

  • Experience with Bloomberg

  • Strong problem-solving and critical thinking skills

  • Ability to explain complex financial transactions

  • Proficiency in Microsoft computer applications

  • Excellent written and verbal communication skills

Additional Preferred Skills:

  • Master's degree

  • Understanding of the interest rate, commodity (energy), and currency derivatives markets

  • CFA charterholder

Our Benefits:

At Frost, we care about your health, your family, and your future and strive to have our benefits reflect that. This includes:

  • Medical, dental, vision, long-term disability, and life insurance

  • 401(k) matching

  • Generous holiday and paid time off schedule

  • Tuition reimbursement

  • Extensive health and wellness programs, including our Employee Assistance Program

  • Referral bonus program + more!

Since 1868, Frost has dedicated their expertise to provide exceptional banking, investment, and insurance services to businesses and individuals throughout Texas. Frost is one of the 50 largest U.S. banks by asset size and is a leader in banking customer satisfaction. At Frost, it's about being part of something bigger. If this sounds like you, we encourage you to apply and see what's possible at Frost.

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