Overnight Interest Rate Derivatives Jobs (NOW HIRING)

Who We Are 
Derivative Path empowers institutions across the capital markets with innovative, AI-driven technology and expert advisory solutions. Our award-winning cloud platform and advisory teams support banks, credit unions, private equity firms, hedge funds, asset managers, corporations, and insurance companies in managing interest rate, FX, and commodity risks, optimizing hedging strategies, and streamlining cross-border payments. With a client base spanning over 250 institutions, we deliver scalable solutions that enhance risk management and drive operational performance. Through strategic partnerships with Goldman Sachs, Wells Fargo, FNBO, Q2, and Jack Henry, we provide best-in-class capabilities to help clients achieve their financial objectives in an ever-evolving market. 
 
With a team of seasoned professionals comprised of decades of industry experience, Derivative Path offers a flexible, hybrid work environment to its 125+ employees with the ability to work remotely and from one of four offices in San Francisco, New York, Chicago, and Manila. The Company is dedicated to building a diverse environment and has an unwavering commitment to creating a sense of belonging for all employees. 

The Opportunity 
We are looking for a talented individual to join our Risk Solutions group. In this role, you will be an integral part of providing risk solutions services, transaction execution services, and general client coverage support to private equity, corporate, and other non-bank end user clients of DP.  Reporting to the Managing Director, Risk Solutions, you will also provide input and generate ideas for new and enhanced functionality within EDGE that will be beneficial to DP and its clients. The ideal candidate will feel at ease working in a lean environment where their contribution is critical and valued.  This is a difference making role with a high level of responsibility, input, and visibility to high profile clients of DP. 

What You Will Do 

• Assist in all aspects of client coverage including risk identification and analysis, hedge strategy generation, pricing and analytics, trade execution, ongoing hedge portfolio maintenance and reporting needs, etc. 
• Directly interact with clients to discuss the risks at play, potential hedging solutions, hedge outcomes, etc. 
• Directly interact with hedge banks and other relationship partners of clients to drive transaction processes 
• Prepare client marketing materials, market updates, educational materials, etc.  
• Assist in idea generation related to enhancements to EDGE and assist in testing related to enhancements which are due for future releases 
• Lead internal and pre-trade / post-trade processes such as client onboarding, documentation, confirmations, valuations, etc. 
• Provide ad-hoc support to senior members of the Risk Solutions group and other team members across the firm 

Requirements 

• 1-3+ years of derivatives experience at a bank or within a private equity firm focusing on derivatives and capital markets
• Prior experience pricing, analyzing, and executing interest rate derivatives is required; functional experience with all of interest rate, cross-currency, and FX derivatives is a plus
• Experience discussing and negotiating all aspects of transaction charges including market bid/ask and XVA (bilateral CVA, funding, regulatory capital) and solid understanding of the key drivers of those transaction charges 
• Experience with and understanding of private equity derivative activity is a plus 
• Strong communication, presentation, and written skills 
• Ability to work in a fast-paced, deadline driven, dynamic work environment; can manage multiple competing priorities 
• Desire to increase responsibility, take on additional roles, and expand skill set over time  
• Exceptional attention to detail 
• Highly collaborative with proven ability to work with internal teammates, customers, and external vendors 
• Proud of the work you do and receptive to constructive feedback 
• Superior skills in Microsoft Office – PowerPoint, Excel, Word 
• Experience with Bloomberg as well as other derivatives pricing and risk systems  

Location 

• NYC, Hybrid  

Benefits  

• Base salary, equity, and annual bonus as part of the compensation package
• 40 hours of sick leave
• 18 days of PTO
• Paid parental leave
• 401K contribution at 3%
• Competitive health benefits including HSA & FSA options, life insurance, and short-term disability

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Derivative Path is an equal opportunity employer and does not discriminate based on any of the following: race, religious creed, color, age, sex, sexual orientation, gender identity, gender expression or gender characteristic, national origin, religion, marital status, medical condition, physical or mental disability, military service or veteran status, pregnancy, childbirth and related medical conditions, or any other classification protected by federal, state, and local laws and ordinances. Derivative Path offers a comprehensive benefits package, including health, dental, vision, retirement plan, contribution, and a generous paid time off policy. As part of Derivative Path’s hiring process, interviews and evaluations may be conducted using AI-assisted technology.

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