Analyst, Bank Solutions, Interest Rate Derivatives (NYC & Chicago)

About the job
Who We Are

Derivative Path (“DP”) is a private equity backed, technology focused capital markets and risk management firm that offers a best-in-class, end-user focused derivatives platform (“DerivativeEDGE” or “EDGE”) which clients can use independently for all interest rate and FX derivatives needs, front-office through back-office. We then support the technology offering with a full suite of risk solutions, execution, and support services provided by experienced capital markets professionals. We have four offices in two countries and over 200 clients.

The Opportunity

We are looking for an ambitious and motivated  Analyst to join our Interest Rate Derivatives Sales team at one of our offices inNew YorkorChicago. This role requires that employees will be available to work in an office with the potential for occasional hybrid or remote work.

Our team helps regional and community banks offer interest rate hedging solutions to their commercial borrowers. We also help banks use interest rate derivatives to manage interest rate risk on their own balance sheet. We are effectively the interest rate sales and trading team for over 250 banks across the U.S.

This is a client-facing role that involves daily interaction with bank executives and commercial banking lenders, as well as the trading desks of large money-center swap dealers. You will support the daily activities of senior derivatives sales team members, structure and execute derivatives transactions, and assist with ad hoc projects. Success in the role requires a foundational knowledge of financial markets with strong interpersonal skills. Experience with banking and financial markets is ideal, but we do not expect candidates to have a deep understanding of derivatives. Training and support will be provided as needed.

This is a great opportunity to build a career in financial markets at a smaller organization where your work will have a direct impact on clients and the success of the firm.

What You'll Do
Respond to client inquiries about pricing and structuring of interest rate derivatives
Prepare client presentations and marketing materials
Execute interest rate derivative trades with swap dealers and commercial borrowers
Maintain details of sales activities in our CRM platform
Communicate current market trends in an easily understood written format
Coordinate onboarding for new transactions with partners in Legal, Compliance, and Operations
Educate bank executives, lenders and borrowers on derivatives transactions that accomplish their risk-management objectives
Qualifications
Bachelor’s degree in Finance, Business, Economics, Engineering, or Computer Science
0-3 years of work experience (or internships) in a sales & trading environment
Effective written and verbal communication skills
Superior quantitative skills and attention to detail
Interest in financial markets/banking
Ability to work effectively in a fast-paced environment
Desire to expand your skill-set and contribute in many ways to a fast-growing fintech firm
Fluent in Microsoft Office – PowerPoint, Excel, Word
Prior experience with banking, financial markets, or interest rate derivatives is preferred but not required
Benefits
Competitive bonus, base salary, and equity compensation
40 hours of sick time
18 days of PTO
Paid parental leave
401K matching at 3%
Competitive health benefits including HSA and FSA options, life insurance, and short-term disability
The expected salary for this position ranges from $90,000+. When determining your pay, we will take into account your skills, experience, and location.

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, 401k contribution, flexible spend accounts, and a generous paid time off policy.

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