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Swaps Jobs in New York (NOW HIRING)

US Bank

USD Interest Rate Swaps Trading

New York, NY

$200K - $225K/yr

The USD Interest Rate Swaps Trader, is responsible for client execution, marketmaking, and risk management activities across different instruments within USD Interest Rate Swaps market, while ...

Macquarie Group Limited

Delta One Swaps Trader

New York, NY · On-site

$200K - $300K/yr

You'll be responsible for the pricing, execution, and risk management of Delta One equity total return swaps, while identifying and capitalizing on new trading and revenue opportunities. Additionally ...

FalconX

Compliance Officer, Swap Dealer

New York, NY · On-site

$132K - $167K/yr

... based swaps. This role involves developing and implementing compliance strategies, conducting risk assessments, and fostering a culture of integrity and ethical conduct within the swap dealer ...

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How much do swaps jobs pay per month?

As of Sep 1, 2026, the average monthly pay for swaps in New York is $8,918.33, according to ZipRecruiter salary data. Most workers in this role earn between $8,433.33 and $9,391.67 per month, depending on experience, location, and employer.

What is a swap in finance?

Swaps are financial derivatives in which two parties agree to exchange streams of cash flows or other financial instruments over a specified period. The most common type is the interest rate swap, where parties swap fixed and variable interest rate payments. Swaps are often used by companies or investors to manage risk, hedge against market fluctuations, or obtain better loan terms. They are traded over-the-counter rather than on formal exchanges, making them customizable to the needs of the parties involved.

What are some common challenges faced by professionals working in swaps, and how can they be addressed?

Professionals in Swaps often encounter challenges such as managing market risk, ensuring regulatory compliance, and staying updated with rapidly changing financial products. The complexity of swap structures requires strong analytical skills and attention to detail, especially when negotiating terms or pricing deals. Collaborating closely with legal, risk, and trading teams is essential to mitigate errors and maintain robust transaction records. Continual professional development, such as attending industry seminars and obtaining certifications, can help stay abreast of market trends and regulatory shifts.

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

To thrive as a Swaps Trader, you need a strong background in finance, mathematics, and risk management, often supported by a degree in finance, economics, or a related field. Proficiency with trading platforms, financial modeling software, and risk analytics systems such as Bloomberg or Excel VBA is commonly required. Excellent analytical thinking, decisiveness, and strong communication skills set successful swaps traders apart. These skills are vital for managing complex financial instruments, making informed decisions quickly, and effectively communicating strategies in a high-stakes trading environment.

What is the difference between Swaps vs Stock Traders?

AspectSwapsStock Traders
Required CredentialsTypically finance or economics degree, certifications like CFAFinance, economics degree, often CFA or similar
Work EnvironmentFinancial institutions, trading floors, officesStock exchanges, brokerage firms, trading floors
Industry UsageUsed in derivatives markets for hedging and speculationBuy and sell stocks for clients or personal profit
Common Search & ComparisonSwaps vs Stock Traders

Swaps and stock traders both operate within the financial industry, but they focus on different instruments. Swaps are derivatives used for hedging or speculation in the derivatives market, requiring specialized knowledge and certifications. Stock traders buy and sell stocks directly, often working in brokerage firms or exchanges. While both roles involve trading, swaps are more complex financial contracts, whereas stock traders focus on equity markets. Understanding these differences helps in choosing the right career path or investment strategy.

What are the most commonly searched types of Swaps jobs in New York?

The most popular types of Swaps jobs in New York are:

Swaps jobs near you
Infographic showing various Swaps job openings in New York as of August 2026, with employment types broken down into 84% Full Time, 11% Part Time, and 5% Contract. Highlights an 91% Physical, 4% Hybrid, and 5% Remote job distribution, with an average salary of $107,020 per year, or $51.5 per hour.

Equity SWAPS Client Service Associate II

JPMorgan Chase & Co.

Manhattan, NY • On-site

$90 - $130/hr

Other

This job post has expired 1 day ago. Applications are no longer accepted.

JPMorgan Chase & Co. rating

8.0

Company rating: 8.0 out of 10

Based on 498 frontline employees who took The Breakroom Quiz

71st of 173 rated banks

Job description

Join our dynamic team as a Client Service Equity Swap Associate II and become a vital part of our mission to elevate client experiences.

As a Client Service Equity Swap Associate II within Equity Derivatives and the Prime Financial Services group, you will play a pivotal role in enhancing our client relationships by providing exceptional customer service and operational support. Your broad knowledge of banking principles and practices will be instrumental in addressing client inquiries, processing transactions, and troubleshooting complex issues. Your proficiency in strategic planning and change management will enable you to identify opportunities for improvement and drive initiatives that enhance service delivery. Your role will also involve liaising with various departments, ensuring compliance with technical standards and policies, and making decisions that have a direct impact on our departmental outcomes. Your ability to influence and manage internal stakeholders will be key in achieving our shared goals.

Job responsibilities
  • Understand and manage risk & controls related to the life cycle of equity swaps.
  • Deliver comprehensive client service by troubleshooting issues and protecting against financial and reputational damage.
  • Service client needs using market product knowledge while maintaining awareness of industry practices.
  • Optimize service delivery by implementing process automation initiatives and building strong client relationships.Continually strive to STP processes and reduce manual interventions.
  • Monitor and resolve trade discrepancies, conducting root cause analysis and managing fails effectively.Manage swap lifecycle cashflows and support clients in their reconciliation queries.
Required qualifications, capabilities, and skills
  • Knowledge or equivalent expertise in client service derivative operations, with a focus on transaction processing and troubleshooting. Knowledge of the trade life cycle is essential.
  • Demonstrated proficiency in detecting and preventing fraudulent transactions to protect clients and the institution.
  • Ability to liaise with various departments to ensure compliance with technical standards and organizational policies.
  • Skilled in influencing and managing internal stakeholders to drive mutually beneficial outcomes and develop collaborative relationships.
  • Expertise in facilitating change management and strategic communication with strong negotiation and communication skills.
  • Proficiency in digital literacy and the implementation of emerging technologies.
  • Strong analytical, technical, and problem-solving skills with keen attention to detail.
Preferred qualifications, capabilities and skills
  • Capability to analyze processes and recommend improvements for quality and efficiency.
  • Skilled in driving continuous improvement initiatives to enhance client experiences.
  • Experience in client-facing roles across multiple business areas and functions.
  • Strong analytical, problem-solving, and decision-making skills for effective independent work.
  • Knowledge of the securities industry and back-office operations, with the ability to proactively identify areas for improvement. Knowledge of Equity Swaps is preferable.
  • Minimum Bachelor’s degree from an accredited university.
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