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How much do interest rate derivatives jobs pay per hour?

As of Jun 10, 2026, the average hourly pay for interest rate derivatives in the United States is $57.15, according to ZipRecruiter salary data. Most workers in this role earn between $50.24 and $67.07 per hour, depending on experience, location, and employer.

What are some typical career paths and advancement opportunities for professionals in Interest Rate Derivatives roles?

Professionals in Interest Rate Derivatives roles often begin as analysts or junior traders, gradually advancing to senior trading, structuring, or risk management positions depending on their performance and interests. Many also transition into portfolio management, quantitative research, or client-facing advisory positions within financial institutions. Career progression is typically supported by continual learning, strong market knowledge, and a track record of effective risk management and profitable decision-making. Networking, pursuing relevant certifications, and gaining exposure to a variety of products or global markets can further enhance advancement opportunities.

What does an Interest Rate Derivatives job involve?

An Interest Rate Derivatives job typically involves trading, structuring, or managing financial contracts that derive value from interest rate movements. Professionals in this field work with swaps, options, and futures to hedge risk or speculate on rate changes. They analyze market trends, develop pricing models, and collaborate with clients or internal teams to execute strategies. Strong quantitative skills, market knowledge, and financial modeling expertise are essential for success in this role.

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

To excel in an Interest Rate Derivatives role, a deep understanding of financial markets, quantitative analysis, and risk management—often supported by a degree in finance, mathematics, or economics—is required. Familiarity with pricing models, Bloomberg terminals, Excel VBA, and relevant certifications such as CFA or FRM are highly advantageous. Strong analytical thinking, attention to detail, and excellent communication skills help professionals stand out in this demanding field. These abilities are crucial for accurately pricing, trading, and managing complex derivatives products while effectively collaborating with clients and internal teams.

More about Interest Rate Derivatives jobs
What cities are hiring for Interest Rate Derivatives jobs? Cities with the most Interest Rate Derivatives job openings:
What are the most commonly searched types of Interest Rate Derivatives jobs? The most popular types of Interest Rate Derivatives jobs are:
What states have the most Interest Rate Derivatives jobs? States with the most job openings for Interest Rate Derivatives jobs include:
What job categories do people searching Interest Rate Derivatives jobs look for? The top searched job categories for Interest Rate Derivatives jobs are:
Interest Rate Derivatives jobs near you
Infographic showing various Interest Rate Derivatives job openings in the United States as of June 2026, with employment types broken down into 4% Full Time, 44% Part Time, 4% Temporary, and 48% Contract. Highlights an 96% Physical, 1% Hybrid, and 3% Remote job distribution, with an average salary of $118,872 per year, or $57.1 per hour.

Managing Director - Interest Rate Derivatives Trader

Huntington

Columbus, OH

Full-time

Posted 16 days ago

Job description

Description

This position will be based in our downtown Columbus office.

TheDerivatives Trader is responsible for developing and executing the trading strategy to offset the trading book risk created by our client positions across OTC derivative products with a primary focus on interest rates derivatives. The strategy will be in alignment with capital markets leadership and the bank's financial objectives and risk appetite. This colleague oversees comprehensive trading book risk management by monitoring market, counterparty credit, and operational risks with a strict adherence to internal policies. The role requires a seasoned professional with deep experience in interest rate derivatives trading, financial market structure, and balance sheet-aware trading practices.

Duties and Responsibilities:

  • Actively manage and monitor risk exposures arising from end user activity, ensuring alignment with the bank's risk appetite and policy guidelines.
  • Execute and manage interest rate derivatives transactions, including swaps, options, and futures contracts to optimize the portfolio, balancing daily flow and long-term objectives.
  • Monitor and analyze market trends, economic data, and relevant news to identify trading opportunities and develop informed strategies that optimize capital, liquidity, and balance sheet usage to ensure efficient returns on risk-weighted assets.
  • Operate strictly within established trading limits and internal controls, maintaining adherence to regulatory requirements and industry standards.
  • Seamlessly partner with the sales team to deliver customized hedging solutions while providing competitive pricing.
  • Collaborate with stakeholders across risk, compliance, operations, and technology to support business objectives and enhance the trading platform.
  • Contribute to the enhancement of pricing models, trading systems, and desk procedures to ensure best practices and operational efficiency.
  • Engage in periodic reviews of risk parameters and limit frameworks to ensure alignment with business objectives and regulatory requirements.
  • Mentor and train junior colleagues, fostering a culture of excellence and continuous development.
  • Prepare and present comprehensive reports on trading activities, portfolio performance, and market developments to senior management.

Basic Qualifications:

  • Bachelor's degree required; advanced degree or relevant certifications (CFA, FRM) preferred
  • Minimum 10 years of experience trading interest rate derivatives within a banking environment.
  • Deep understanding of derivative pricing, risk management, credit considerations, and regulatory frameworks (e.g. Dodd-Frank, EMIR).
  • Experience in trading commodity derivatives is preferred
  • Demonstrated track record in optimizing trading processes and managing complex portfolios.
  • Proven experience leading and developing high-performing teams.
  • Exceptional analytical, communication and presentation skills across all organizational levels.
  • Ability to manage multiple priorities in a fast-paced, deadline-driven environment.
#LI-ME1 #LI-Onsite


Exempt Status: (Yes= not eligible for overtime pay) (No= eligible for overtime pay)

Yes

Workplace Type:

Office

Our Approach to Office Workplace Type

Certain positions outside our branch network may be eligible for a flexible work arrangement. We're combining the best of both worlds: in-office and work from home. Our approach enables our teams to deepen connections, maintain a strong community, and do their best work. Remote roles will also have the opportunity to come together in our offices for moments that matter. Specific work arrangements will be provided by the hiring team.

Huntington is an Equal Opportunity Employer.

Tobacco-Free Hiring Practice: Visit Huntington's Career Web Site for more details.

Note to Agency Recruiters: Huntington Bank will not pay a fee for any placement resulting from the receipt of an unsolicited resume. All unsolicited resumes sent to any Huntington Bank colleagues, directly or indirectly, will be considered Huntington Bank property. Recruiting agencies must have a valid, written and fully executed Master Service Agreement and Statement of Work for consideration.

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