Managing Director - Interest Rate Derivatives Trader
About The Position
This position will be based in our downtown Columbus office. The Derivatives Trader is responsible for developing and executing the trading strategy to offset the trading book risk created by our client positions across OTC derivative products with a primary focus on interest rates derivatives. The strategy will be in alignment with capital markets leadership and the bank’s financial objectives and risk appetite. This colleague oversees comprehensive trading book risk management by monitoring market, counterparty credit, and operational risks with a strict adherence to internal policies. The role requires a seasoned professional with deep experience in interest rate derivatives trading, financial market structure, and balance sheet-aware trading practices.
Requirements
- Bachelor’s degree required; advanced degree or relevant certifications (CFA, FRM) preferred
- Minimum 10 years of experience trading interest rate derivatives within a banking environment.
- Deep understanding of derivative pricing, risk management, credit considerations, and regulatory frameworks (e.g. Dodd-Frank, EMIR).
- Experience in trading commodity derivatives is preferred
- Demonstrated track record in optimizing trading processes and managing complex portfolios.
- Proven experience leading and developing high-performing teams.
- Exceptional analytical, communication and presentation skills across all organizational levels.
- Ability to manage multiple priorities in a fast-paced, deadline-driven environment.
Nice To Haves
- advanced degree or relevant certifications (CFA, FRM)
- Experience in trading commodity derivatives
Responsibilities
- Actively manage and monitor risk exposures arising from end user activity, ensuring alignment with the bank’s risk appetite and policy guidelines.
- Execute and manage interest rate derivatives transactions, including swaps, options, and futures contracts to optimize the portfolio, balancing daily flow and long-term objectives.
- Monitor and analyze market trends, economic data, and relevant news to identify trading opportunities and develop informed strategies that optimize capital, liquidity, and balance sheet usage to ensure efficient returns on risk-weighted assets.
- Operate strictly within established trading limits and internal controls, maintaining adherence to regulatory requirements and industry standards.
- Seamlessly partner with the sales team to deliver customized hedging solutions while providing competitive pricing.
- Collaborate with stakeholders across risk, compliance, operations, and technology to support business objectives and enhance the trading platform.
- Contribute to the enhancement of pricing models, trading systems, and desk procedures to ensure best practices and operational efficiency.
- Engage in periodic reviews of risk parameters and limit frameworks to ensure alignment with business objectives and regulatory requirements.
- Mentor and train junior colleagues, fostering a culture of excellence and continuous development.
- Prepare and present comprehensive reports on trading activities, portfolio performance, and market developments to senior management.
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What This Job Offers
Job Type
Full-time
Career Level
Director
