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Interest Rate Derivatives Jobs (NOW HIRING)

HSBC

Analyst, Corporate Sales (FX & Rates)

Manhattan, NY · On-site

$140 - $210/hr

You'll help clients access the full Corporate Sales offering including foreign exchange instruments and interest rate derivatives. Success means stronger client outcomes deeper product penetration ...

Staffingine LLC

Murex Front Office

Edison, NJ · On-site

Provide high-quality support for market data management, pricing, and structuring of complex financial instruments (e.g., FX derivatives, interest rate derivatives, fixed income). * Develop and ...

Frost Bank

Derivatives Specialist

San Antonio, TX · On-site

In this role, you are responsible for administering the bank's foreign exchange, interest rate, and ... Our Derivatives Specialists believe in efficiency and strive to go above and beyond with integrity ...

Frost Bank

Derivatives Specialist

San Antonio, TX

In this role, you are responsible for administering the bank's foreign exchange, interest rate, and ... Our Derivatives Specialists believe in efficiency and strive to go above and beyond with integrity ...

Garda Capital Partners

Software Engineer

New York, NY · On-site

... interest-rate derivative portfolios. The ideal candidate will have demonstrated proficiency and practical experience in software development using C# and Python. Previous experience in risk ...

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How much do interest rate derivatives jobs pay per hour?

As of Sep 5, 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 does an interest rate derivatives professional do?

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 typical career paths and advancement opportunities in interest rate derivatives?

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 are the key skills and qualifications needed for interest rate derivatives roles?

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.

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Interest Rate Derivatives jobs near you
Infographic showing various Interest Rate Derivatives job openings in the United States as of August 2026, with employment types broken down into 1% As Needed, 68% Full Time, 22% Part Time, 1% Temporary, 7% Contract, and 1% Nights. Highlights an 95% Physical, 1% Hybrid, and 4% Remote job distribution, with an average salary of $118,872 per year, or $57.1 per hour.

Investment & Research team, Derivatives Associate

JPMorgan Chase & Co.

Manhattan, NY • On-site

$90K - $160K/yr

Full-time

Medical, Retirement

Re-posted 23 days ago

JPMorgan Chase & Co. rating

7.9

Company rating: 7.9 out of 10

Based on 500 frontline employees who took The Breakroom Quiz

77th of 174 rated banks

Job description


Join JPMorgan Chase's Private Bank Solutions Investment Quantitative Research team as an Associate specializing in Derivatives Risk Modeling and Analytics. You'll contribute to solving solutions spanning derivatives pricing and risk modeling, factor modeling, Greeks and sensitivity analytics, portfolio-level risk aggregation, stress testing, and scenario analysis across a broad derivatives universe. The team works closely with portfolio managers, derivatives solutions specialists, risk, and lending teams across JPMorgan Chase Wealth Management, as well as partnering with Technology teams to deliver solutions at scale. The quantitative research team is based in New York and Mumbai.
You will be responsible for developing and implementing quantitative models for derivatives risk, valuation, and P&L analytics to enhance our modeling capabilities and expand coverage across OTC and exchange-traded derivatives. You will build deep expertise across multiple derivatives asset classes, including Equity Derivatives (options, variance/volatility swaps, exotic structures), Interest Rate Derivatives (swaps, swaptions, caps/floors), Credit Derivatives (CDS, CDX, tranches), FX Derivatives (options, barriers, accumulators), Commodity Derivatives, and Structured Products (structured notes, autocallables, and other payoff structures).
Job Responsibilities
  • Derivatives Risk Modeling: Develop and implement pricing and risk models for vanilla and exotic derivatives across equity, rates, credit, FX, and commodities.
  • Greeks & Sensitivity Analytics: Build and maintain sensitivity frameworks capturing delta, gamma, vega, theta, rho, and higher-order Greeks; implement bump-and-reprice and algorithmic differentiation approaches for efficient risk computation.
  • P&L Attribution: Develop attribution frameworks isolating contributions from underlying moves, volatility surface changes, time decay, correlation, skew, and basis risk across derivative portfolios.
  • Factor Modeling: Contribute to multi-factor risk models that capture key drivers of derivatives portfolios, including implied volatility surface dynamics, correlation structures, term structure movements, and skew behavior.
  • Stress Testing & Scenario Analysis: Implement stress testing frameworks for volatility shocks, correlation breakdowns, liquidity dislocations, gap risk, and historical crisis events; support scenario methodologies capturing tail risk, non-linear payoff effects, and path dependency.
  • Structured Products Analytics: Develop valuation and risk models for structured notes and bespoke payoffs, including autocallables, barrier products, and range accruals; model embedded optionality and issuer credit risk.
  • Research: Conduct empirical research on volatility surface dynamics, correlation modeling, model calibration techniques, and market microstructure; contribute to new risk factor development and model enhancements.
  • Validation & Governance: Perform backtesting of pricing models, validate model assumptions against market data, and contribute to comprehensive model documentation in line with governance standards.
  • Technology & Data: Partner with Technology to productionize scalable derivatives pricing and risk engines, build APIs, and curate multi-vendor market data (volatility surfaces, curves, correlation matrices).
  • Collaboration: Work closely with senior team members and colleagues in New York and Mumbai, collaborate with derivatives solutions specialists, and contribute to a culture of intellectual rigor and continuous improvement.

Qualifications
  • Experience: 5+ years of experience in quantitative research or model development focused on derivatives, in an asset management, private bank, or sell-side environment. Exposure to derivatives pricing, risk modeling, or analytics across one or more asset classes.
  • Derivatives Knowledge: Strong foundational knowledge of derivatives pricing theory - including Black-Scholes and extensions, familiarity with local/stochastic volatility models (Heston, SABR), interest rate modeling frameworks, and numerical methods (Monte Carlo, PDE, lattice). Understanding of exotic payoff structures, path dependency, and Greeks computation.
  • Risk & Portfolio Analytics: Understanding of portfolio-level risk concepts for derivatives, including VaR/CVaR methodologies, factor-based risk decomposition, and sensitivity-based risk aggregation. Awareness of counterparty credit risk concepts (CVA/DVA) is a plus.
  • Communication: Ability to clearly communicate quantitative findings to senior team members, portfolio managers, and risk stakeholders; comfort working in a collaborative, cross-functional environment.
  • Data & Tools: Familiarity with market data vendors and platforms including Bloomberg, MSCI, or ICE. Exposure to derivatives pricing libraries (QuantLib or equivalent) is a plus.
  • Programming: Strong proficiency in Python with experience in numerical computing (NumPy, SciPy), data analysis (pandas), and visualization (matplotlib, seaborn).
  • Education: Advanced degree in a quantitative discipline in Financial Engineering, Mathematics, Physics, Statistics, Computer Science, or a related quantitative field.

About Us
JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.
We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.
We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans
About the Team
J.P. Morgan Asset & Wealth Management delivers industry-leading investment management and private banking solutions. Asset Management provides individuals, advisors and institutions with strategies and expertise that span the full spectrum of asset classes through our global network of investment professionals. Wealth Management helps individuals, families and foundations take a more intentional approach to their wealth or finances to better define, focus and realize their goals.

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