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Swap Trader Jobs (NOW HIRING)

Smithtown Toyota

Swap Driver

Smithtown, NY · On-site

$20/hr

Pick up and deliver vehicles for dealer trades ("swaps") as scheduled * Follow all traffic laws and dealership safety policies * Communicate clearly with management regarding pickup and delivery ...

Smithtown Toyota

Swap Driver

Smithtown, NY · On-site

$20/hr

Pick up and deliver vehicles for dealer trades ("swaps") as scheduled * Follow all traffic laws and dealership safety policies * Communicate clearly with management regarding pickup and delivery ...

US Bank

G10 Non-USD Rates and FX Trader

New York, NY · On-site

$170K - $200K/yr

FX Swaps Trading & Pricing * Make two-way markets in G10 FX swaps (spot/forwards, short-dated and out the curve) * Manage forward points, funding spreads, and liquidity risk across currencies * Price ...

U.S. Bank

G10 Non-USD Rates and FX Trader

New York, NY · On-site

$170K - $200K/yr

FX Swaps Trading & Pricing * Make two-way markets in G10 FX swaps (spot/forwards, short-dated and out the curve) * Manage forward points, funding spreads, and liquidity risk across currencies * Price ...

Societe Generale

Trader

New York, NY · On-site

* Trade and manage risk across FX Spot, NDFs, Futures, Forwards, and Swaps, with strong awareness of market conditions and liquidity dynamics. * Act as a book-runner, actively managing inventory risk ...

Pantera Capital Management LP

Trader

San Francisco, CA · On-site

$150K - $200K/yr

Familiarity with both traditional finance (equities, derivatives) and crypto-native products (perpetual swaps, staking, spot). * Comfort with trading APIs and execution management systems.

Energy transfer

Trader

Newtown Square, PA · On-site

Prior trading experience in financial markets (futures, swaps, options, etc.) * Overall understanding of the global refined products business including supply, trading, logistics and operations

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$11K

$192.5K

$286K

How much do swap trader jobs pay per year?

As of Jun 11, 2026, the average yearly pay for swap trader in the United States is $192,500.00, according to ZipRecruiter salary data. Most workers in this role earn between $100,000.00 and $285,000.00 per year, depending on experience, location, and employer.

What jobs pay $10,000 a month without a degree?

Swap traders can potentially earn $10,000 or more per month through successful trading of financial instruments, often requiring strong analytical skills, market knowledge, and risk management. Many traders operate independently or for firms, with income depending on performance and capital invested, and some may achieve high earnings without formal degrees. However, consistent high income typically involves significant experience, discipline, and access to trading platforms or capital.

What jobs pay $500,000 a year in the US?

Swap traders, especially those working at large financial institutions or hedge funds, can earn $500,000 or more annually through a combination of base salary, bonuses, and profit sharing. Success in this role typically requires strong analytical skills, market knowledge, and experience in trading strategies. High earnings are often linked to performance and the ability to manage significant financial risk.

What does a Swap Trader do?

A Swap Trader is a financial professional who specializes in the buying and selling of swap contracts, which are derivatives used by institutions to manage interest rate or currency risk. Swap traders work for banks, hedge funds, or trading firms, and their role involves pricing, executing, and managing the risk of swap transactions for clients or the firm’s own accounts. They analyze market conditions, monitor risk exposure, and ensure trades comply with regulations. Effective swap traders need strong quantitative skills, market knowledge, and the ability to make quick decisions in a fast-paced environment.

What are the key skills and qualifications needed to thrive as a Swap Trader, and why are they important?

To thrive as a Swap Trader, you need strong quantitative and analytical skills, a deep understanding of financial markets, and a relevant degree in finance, mathematics, or economics. Proficiency with trading platforms, risk management systems, and familiarity with financial regulations such as ISDA protocols are typically required. Excellent communication, decision-making, and stress management skills help traders build relationships and respond quickly to market changes. These abilities are crucial for managing risk, executing profitable trades, and maintaining compliance in a fast-paced trading environment.

What is the highest paying trade job?

Swap traders, involved in financial markets, can earn high salaries, especially with experience and successful trading strategies. Top earners often have advanced knowledge of market analysis, risk management, and access to trading platforms, with compensation including base salary, bonuses, and commissions that can reach into the high six or seven figures annually.

What are some common challenges faced by swap traders in managing risk, and how are they typically addressed within a trading team?

Swap traders frequently encounter challenges related to market volatility, counterparty risk, and regulatory compliance. To manage these risks, they work closely with risk management teams to monitor exposure limits, utilize hedging strategies, and ensure adherence to evolving regulations. Additionally, swap traders often collaborate with sales, research, and technology teams to access timely market information and implement robust risk controls. Proactive communication and staying updated on market developments are crucial for minimizing potential losses and maintaining a profitable trading book.

What do swap traders do?

Swap traders buy and sell financial derivatives called swaps, which are agreements to exchange cash flows or assets based on underlying variables like interest rates or currencies. They analyze market conditions, manage risk, and execute trades using trading platforms, often requiring strong analytical skills and knowledge of financial markets.

What is the difference between Swap Trader vs Futures Trader?

AspectSwap TraderFutures Trader
Required CredentialsTypically a degree in finance, economics, or related field; certifications like CFA are commonSimilar credentials; CFA preferred, with knowledge of derivatives
Work EnvironmentOver-the-counter (OTC) markets, often private negotiationsExchange-traded markets, with standardized contracts
Employer & Industry UsageInvestment banks, hedge funds, financial institutionsInvestment banks, trading firms, hedge funds
Common Search & Comparison IntentUnderstanding roles in OTC derivatives tradingComparing derivatives trading types

Swap Traders focus on OTC derivatives, negotiating customized contracts, while Futures Traders operate on exchange-traded futures contracts with standardized terms. Both roles require similar financial knowledge and certifications but differ mainly in trading environment and contract structure.

More about Swap Trader jobs
What job categories do people searching Swap Trader jobs look for? The top searched job categories for Swap Trader jobs are:
Swap Trader jobs near you
Infographic showing various Swap Trader job openings in the United States as of June 2026, with employment types broken down into 2% As Needed, 95% Full Time, 2% Part Time, and 1% Contract. Highlights an 98% Physical, 1% Hybrid, and 1% Remote job distribution, with an average salary of $192,500 per year, or $92.5 per hour.
Swap Trader, Funding and Resource Management, Vice President

Swap Trader, Funding and Resource Management, Vice President

Citigroup, Inc.

New York, NY • On-site

$175K - $250K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 22 days ago

Job description

The Funding Resource Management (FRM )team is responsible for the refinancing of all assets positions within the Equity business line, as well as the management of the main internal and external financial constraints (Capital, liquidity, balance sheet). The NAM FRM team is looking for a senior trader to lead our funding strategy execution in collaboration with other FRM officers. The book covers a wide range of instruments (swaps, repo, collateral swap, IRS, FX swaps).
Key Responsibilities:
  • Oversee a >150b$ trading book: respect of risk limit, trades execution and negotiations, pnl monitoring.
  • Maintain and extend Citi franchise with external counterparts (triparty, agent lenders, other banks) and clients (Prime Brokerage franchise client, asset managers, Pensions).
  • Ensure the respect of all liquidity constraints (LCR, NSFR, Stress Test, Tenor) and daily funding requirements.
  • Coordinate with other FRM officers to adjust funding strategy to respect capital constraints (GSIB, RWA).
  • Monitor and minimize the carry cost of the book under all constraints
  • Actively participate to Transfer Pricing improvement and methodology redesign.
  • In partnership with Product team, lead the IT improvement needed for the platform to run efficiently.
  • Coordinate with the Treasury department on funding requirement and execution.
  • Improve and extend communication with other trading desks on their day-to-day activity to control the volatility of funding needs.
  • Ensure frequent communication on capacity need, trading level and market structure.
  • Work in close partnership with control functions such as Legal, Compliance, Market and Credit Risk, Audit, Finance in order to ensure appropriate governance and control infrastructure
  • Build a culture of responsible finance, good governance and supervision, expense discipline and ethics
  • Appropriately assess risk/reward of transactions when making business decisions; demonstrating proper consideration for the firm's reputation.
  • Be familiar with and adhere to Citi's Code of Conduct and the Plan of Supervision for Global Markets and Securities Services
  • Adhere to all policies and procedures as defined by your role which will be communicated to you
  • Obtain and maintain all registrations/licenses which are required for your role, within the appropriate timeframe
  • Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.

Qualifications:
  • 5+ years in an equity financing role or similar FRM function
  • Strong knowledge of funding swap market management, risk control and execution
  • Understanding of standard regulatory constraint and liquidity framework of a bank
  • Ability to work with a wide range of stakeholders (Finance, Treasury, Trading, Tech, Sales, etc.)
  • Trading skills on SFTs a plus
  • Proficiency in coding skills for data analysis and reporting a plus (e.g., VBA, SQL, Python)
  • Excellent communication skills, both written and verbal.
  • Master's degree in a finance field (e.g., Finance, Math, Statistics, etc).

Job Family Group:
Institutional Trading
Job Family:
Trading
Time Type:
Full time
Primary Location:
New York New York United States
Primary Location Full Time Salary Range:
$175,000.00 - $250,000.00
In addition to salary, Citi's offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.
Most Relevant Skills
Please see the requirements listed above.
Other Relevant Skills
For complementary skills, please see above and/or contact the recruiter.
Anticipated Posting Close Date:
Jun 05, 2026
Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.
If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi.
View Citi's EEO Policy Statement and the Know Your Rights poster.

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