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Interest Rate Derivative Jobs (NOW HIRING)

M&T Bank

Senior Risk Analyst - Market Risk

Buffalo, NY · On-site

$103K - $171.60K/yr

Prior knowledge of plain-vanilla interest rate derivatives and underlying markets, pricing models, sensitivities, valuation methods and risk management measures. * Detailed understanding of bond math ...

M&T Bank

Senior Risk Analyst - Market Risk

Buffalo, NY

$103K - $171.60K/yr

Prior knowledge of plain-vanilla interest rate derivatives and underlying markets, pricing models, sensitivities, valuation methods and risk management measures. * Detailed understanding of bond math ...

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$105.5K

$196.3K

$367.5K

How much do interest rate derivative jobs pay per year?

As of May 31, 2026, the average yearly pay for interest rate derivative in the United States is $196,276.00, according to ZipRecruiter salary data. Most workers in this role earn between $110,000.00 and $275,000.00 per year, depending on experience, location, and employer.

What is an Interest Rate Derivative job?

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

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.

What are some typical daily responsibilities for professionals working with Interest Rate Derivatives?

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.
More about Interest Rate Derivative jobs
What cities are hiring for Interest Rate Derivative jobs? Cities with the most Interest Rate Derivative job openings:
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Interest Rate Derivative jobs near you
Infographic showing various Interest Rate Derivative job openings in the United States as of May 2026, with employment types broken down into 73% Full Time, 26% Part Time, and 1% Temporary. Highlights an 97% Physical, and 3% Remote job distribution, with an average salary of $196,276 per year, or $94.4 per hour.
Fixed Income Derivatives Trader

Fixed Income Derivatives Trader

Vanguard Group, Inc.

Malvern, PA • On-site

Full-time

Posted 19 days ago

Vanguard rating

8.7

Company rating: 8.7 out of 10

Based on 60 frontline employees who took The Breakroom Quiz

14th of 138 rated financial services

Job description

We are seeking an experienced Interest Rate Derivatives Trader to join Vanguard's Fixed Income Group. As a Derivatives Trader, you will play an instrumental role in the active taxable fixed income business, helping to determine and implement both hedging and alpha generating trading strategies. This position requires extensive knowledge of interest rate markets, with a focus on modeling and valuing US Treasuries, interest rate swaps, interest rate swaptions, futures and listed options. Through daily market analysis, supporting portfolio managers, or helping develop innovative tools, your contributions will be valued and visible.
This role:
  • Negotiates and executes derivatives trades and strategies in fixed income portfolios. Will trade US treasuries, bond futures, interest rate swaps, swaptions, listed options, and FX forwards.
  • Manages duration and curve risk across active portfolios, invests and hedges daily cashflows, and monitors FX exposure. Requires familiarity with performance attribution and risk-management frameworks.
  • Relays market insight to portfolio managers through monitoring and analysis of market trends. Provides investable alpha-oriented and hedging ideas through quantitative relative value and macro analysis.
  • Continually refines relative value frameworks, particularly in interest rate derivative and options pricing models, which requires an understanding of option greeks, basis risks and relationships across interest rate products.
  • Develops and implements new trading and hedging strategies, while also driving analytical and operational improvements to regular processes.
  • Fosters a collaborative environment internally by working closely with other sector teams within fixed income, and helping to develop and train less tenured traders. Builds and maintains relationships with security dealers.
  • Participates in special projects and research initiatives as assigned.

Qualifications:
  • Five years related work experience, including four years investment management experience. Derivatives and/or fixed income rates experience preferred.
  • Undergraduate degree in quantitative studies, economics or equivalent combination of training and experience required. Mathematics, statistics or financial engineering experience preferred.
  • CFA preferred.

This role is based in our Malvern, PA office and is a fully in-person position, with regular time spent working alongside the team onsite. If you're not currently local, relocation assistance is available to help make the move as smooth as possible.
Special Factors
Sponsorship
Vanguard is not offering visa sponsorship for this position.
About Vanguard
At Vanguard, we don't just have a mission-we're on a mission.
To work for the long-term financial wellbeing of our clients. To lead through product and services that transform our clients' lives. To learn and develop our skills as individuals and as a team. From Malvern to Melbourne, our mission drives us forward and inspires us to be our best.
How We Work
Vanguard has implemented a hybrid working model for the majority of our crew members, designed to capture the benefits of enhanced flexibility while enabling in-person learning, collaboration, and connection. We believe our mission-driven and highly collaborative culture is a critical enabler to support long-term client outcomes and enrich the employee experience.

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