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Interest Rate Derivative Jobs (NOW HIRING)

Citigroup, Inc.

Trader

New York, NY · On-site

$250K/yr

Develop Markets products with particular focus on Interest Rate Derivatives across the curve. Pricing and hedging transactions with large Interest Rate Delta and experience at managing higher level ...

Citigroup

Rates XVA Quant

Manhattan, NY · On-site

Build and enhance XVA models (CVA, FVA, MVA, etc.) for interest rate derivatives, supporting accurate pricing and risk management * Develop and maintain quantitative libraries used across trading and ...

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$105.5K

$196.3K

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How much do interest rate derivative jobs pay per year?

As of Jul 8, 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 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.

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.

More about Interest Rate Derivative jobs
What cities are hiring for Interest Rate Derivative jobs? Cities with the most Interest Rate Derivative job openings:
What are the most commonly searched types of Interest Rate Derivative jobs? The most popular types of Interest Rate Derivative jobs are:
What states have the most Interest Rate Derivative jobs? States with the most job openings for Interest Rate Derivative jobs include:
What job categories do people searching Interest Rate Derivative jobs look for? The top searched job categories for Interest Rate Derivative jobs are:
Interest Rate Derivative jobs near you
Infographic showing various Interest Rate Derivative job openings in the United States as of July 2026, with employment types broken down into 4% Locum Tenens, 56% Internship, 28% Full Time, 9% Part Time, 1% Contract, and 2% Summer. Highlights an 74% Physical, 5% Hybrid, and 21% Remote job distribution, with an average salary of $196,276 per year, or $94.4 per hour.

Interest Rates Developer

ITech Recruiting

Manhattan, NY

Full-time

Re-posted 18 days ago

Job description

RESPONSIBILITIES
• Work in a team-oriented environment, supporting derivative product business line
• Support front and back officer business users, as well as risk, accounting, and reporting groups throughout the organization on a variety of issues and requirements
• Provide and document solutions to issues raised by users through analysis of data, program code, logs, and data interfaces as needed.
• Build and maintain custom business applications (reports, interfaces) on top of vendor product-OPUS utilizing OPUS Interface Language on Solaris/Sybase platform
• Build and maintain 2-tier Java Swing based GUI applications that interface with Sybase database
• Full life cycle software development, working directly with business users, including financial engineers, traders and operation staff, in gathering requirements and delivering results
• Continuation of the daily software functions including program error remedy, patch/upgrade management, operation instructions and system documentation
TECHNICAL SKILLS
Required/Must have:
• UNIX (Solaris) platform – application development and support. Shell/Perl scripting
• Sybase/SQL query generation and data table analysis
• Java application development
• Microsoft Excel, Access, and Word
Desired/Plus:
• Opus
• C
• Relational database design and implementation using Sybase
• Microsoft Excel and VBA programming.
• Graphical user interface development using Java Swing library
BUSINESS KNOWLEDGE
Required/Must have:
Exposure to fixed income or derivative financial products.
Desired/Plus:
• Knowledge in interest rate derivatives and credit derivatives.
• Knowledge in back office and operation process.
• Knowledge in pricing models.
COMPETENCIES
Required/Must have:
• Communication skills
• Documentation skills
• Strong analytical and problem solving skills
• Ability to change tasks as needed when user emergencies arise
• Self-motivated fast learner
• Ability to articulate application design with business line users
• Be able to handle deadline and pressure
PRIOR WORK EXPERIENCE
Required/Must have:
• 3-5 yrs of TOTAL EXPERIENCE
• 2+ years experience with application development and support in banking/financial industry.
• Direct interaction with business line users or business analysts
Desired/Plus:
Development and/or support on interest rate derivatives or bond systems
Quantitative programming
EDUCATION
Required/Must have:
Bachelors degree in Engineering, Math, or Computer Science or related