All of our financial derivatives jobs are contained within this sector. This includes trainee derivatives positions, derivative sales positions, derivatives analyst jobs, derivatives structuring positions, credit derivatives jobs, equity derivatives jobs, derivatives trading positions, programming positions and other derivatives jobs in New York and internationally.
Financial derivatives are basically contracts between two different parties. The contracts say that the value of the derivative will be determined by changes to other variables. These variables can be a number of things, including financial products such as equities and bonds and physical products like commodities, as well as other things which are difficult to predict - like the weather or the lifespan of a population.
Derivatives are often used as insurance and protect against risk. As an example of this, Credit Default Swaps (CDS) specify that if a loan defaults, the holder of the CDS will still get compensated.
Futures contracts were the earliest form of derivatives. Futures contracts were created so that people who purchased certain goods could have an element of control over the price in the future. As an example, farmers selling wheat could enter into a contract with the people who purchased the wheat to agree that in three months, they would be able to sell wheat at an established price. By doing so, they protect themselves against any risk of a drop in the wheat price during those three months.
Other forms of derivatives that you may need to deal with in a derivatives career include swaps and options.
Swaps are a simple exchange of one type of product for another. One of the most common is currency swaps, where loans and/or the interest payments on loans are swapped from one currency into a different one.
Options are contracts which let one party buy or sell assets to another at a set cost at a defined point in the future. Unlike futures contracts, there are no obligations to invoke an options contract. Using the same example, a buyer of wheat would have the right to purchase three tons of wheat at the established price if it makes sense to him financially, but is not required to do so if it doesn't. Anyone who holds an option must pay for the privilege.
The two types of options mentioned above are different. Options which give the holder the right to buy something are "call options." Options which give the holder the right to sell something are "put options."
Simple derivatives are usually traded on exchanges. Complex derivatives have historically been traded over the counter (OTC) between the two parties involved in the contract. This is changing, however, as governments look to create transparency in the derivatives market.
Leading up to the 2008 financial crisis, derivative products grew increasingly complex and proliferated with products such as collateralized debt obligations and synthetic derivatives (derivatives based upon derivatives). As a result, many people lay blame for the crisis on derivatives products and the wrong impression that risk was no longer an issue.
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| Front office Prime Brokerage Risk Manager - London and New York | Selby Jennings Risk Excellent Base Salary + Front Office bon... | New York, NY, 10001 | 09 Feb 12 |
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• Front office Prime Brokerage Risk Manager • Excellent Base Salary + Front Office bonus with market leading ...
| VP LEVEL - FX Corporate Sales – United States of America/NY | Selby Jennings Basic plus discretionary bonus. | New York, NY, 10001 | 09 Feb 12 |
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My client is a global investment bank, currently looking for a Senior Salesperson in FX selling to large Cap C...
| Operations Manager - Hedge Fund | The Bachrach Group, Ltd commensurate w/ experience | Manhattan, NY, 10020 | 09 Feb 12 |
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Our clients are highly reputable hedge funds based in NYC area seeking middle office/operations manager too ov...
| Emerging Markets Fixed Income Sales to Real Money Accounts | Huxley US$250000 - US$999999 per annum | New York, NY, 10001 | 09 Feb 12 |
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Contact: Lars Gloessner - Emerging Markets - 212-707-8332 .
| Corporate Credit Trader (CDS) VP Level to move to buy-side | Huxley US$250000 - US$750000 per annum | New York, NY, 10001 | 09 Feb 12 |
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Opportunity for top of the class VP or SVP on a CDS Trading Desk.
| LatAm Fixed Income Derivative sales: NYC; United States of America | Selby Jennings FIFX $:Highly Competitive | New York, NY, 10001 | 09 Feb 12 |
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LatAm Fixed Income Derivative sales: New York, USA . $Salary: Highly Competitive. (LatAm, Fixed Income, Rates,...
| Cross Asset Structurer- New York | Selby Jennings Structuring V Competitive | New York, NY, 10001 | 09 Feb 12 |
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My client, a top European investment bank, are looking to make the hire of an Analyst level candidate into the...
| VP, LATAM FX Options Trader, New York | GQR Global Markets Highly competitive | New York, NY | 09 Feb 12 |
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A top tier European Investment bank is looking to add to its LATAM FX Options trading desk in New York.
| Model Researcher | Integrated Management Resources Open | New York, NY | 09 Feb 12 |
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Major Investment Bank is seeking a junior to mid-level Model Researcher possessing 2-4 years' experience.
| GQR's September Urgent Hires | US Vacancies | GQR Global Markets Extremely Competitive (DOE) | New York, NY, 10001 | 09 Feb 12 |
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GQR is the Global Quantitative Finance search specialist. We operate globally and leverage our extensive relat...
| Junior Model Validation FICC Quant Analyst – Quantitative Analytics - Leading Global Investment Bank - US, New York | GQR Global Markets Up to $80,000 USD base (DOE) + competiti... | New York, NY | 09 Feb 12 |
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For those with the relevant skill-set, an influential role within a leading group covering model validation of...
| Entry Level FICC Quantitative Research Analyst – Leading Investment Bank - New York, USA | GQR Global Markets Up to $100,000 sterling base (DOE) + com... | New York, NY | 09 Feb 12 |
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As the quantitative pricing and modelling space becomes increasingly integral to the markets, particularly giv...
| ETF Flow Trader - NYC | Selby Jennings Highly Competitive | New York, NY, 10001 | 09 Feb 12 |
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Trading, Equity, Derivatives, Exchange Traded Funds (ETFs), Index Option, Volatility, New York City, USA, High...
| US Equity Sales - US to LatAm - NYC | Selby Jennings Highly Competitive | New York, NY, 10001 | 09 Feb 12 |
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US Cash Equity Sales Latin American client focus Investment bank New York City
| Manager Commodity and Alternative Investment Products CMEME | CME Group not disclosed | Chicago, IL, 60601 | 08 Feb 12 |
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See job description below
| Sales Support Executive | CME Group not disclosed | New York, NY | 08 Feb 12 |
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See job description below
| Excellent commodity derivatives quant wanted for global financial institution - New York City; USA | Selby Jennings Quant Excellent | New York, NY, 10001 | 08 Feb 12 |
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Commodity derivatives Quant New York City | USA Top financial house – global
| AVP Equity Derivatives Valuations | Ashton Lane Group, Inc Excellent Base & Bonus | New York, NY, 10001 | 08 Feb 12 |
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Providing the independent price verification for Exotic Equity Derivatives within a global investment bank
| AVP – Pricing Analyst | Ashton Lane Group, Inc Excellent Base & Bonus | New York, NY, 10001 | 08 Feb 12 |
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Support the valuations and control within a leading international asset management firm
| Algo Rates Quant | Anson Mccade Very attractive | New York, NY, 10001 | 08 Feb 12 |
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My client, a top tier investment bank, are looking for a junior quant to work in their expanding High Frequenc...
| Vendor Manager- OTC Derivatives | The Tuttle Agency 80,000-100,000 plus bonus | New York City, NY | 07 Feb 12 |
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Our client, an international financial services firm, is looking for a Vendor Manager with OTC Derivatives and...
| Sales Manager – Derivative Valuation / Pricing | The Tuttle Agency $70000 - $90000 | Grand Central, NY, 10017 | 07 Feb 12 |
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Our client, an international financial technology firm, is looking for a Sales Manager for their NYC location ...
| Batch Development Manager | UBS AG - Investment Bank BOE | Stamford, CT, 06901 | 07 Feb 12 |
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The role is a Global Batch Development Manager with responsibilities as a Client Relationship Manager communic...
| Quantitative Research Analyst, Equity Derivatives | UBS AG - Investment Bank competitive | Nyc, NY, 10019 | 07 Feb 12 |
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The UBS Investment Bank based in NYC is seeking a Quantitative Research Analyst to join our Equity Derivatives...
| MARKETERS LATIN AMERICAN DERIVATIVE PRODUCTS | Not Disclosed BASE PLUS BONUS | Manhattan, NY, 10017 | 07 Feb 12 |
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Sound Global Investment Banks with needs for experienced marketers to Latin America Corporates and Institution...
| FUEL BROKER | Not Disclosed BASE PLUS BONUS | Manhattan, NY, 10017 | 07 Feb 12 |
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Global broker seeking shipping fuel brokers to create new platform in NYC.
| Fixed Income Quant/Developer C# | Analytic Recruiting Inc. Compensation Competitive | New York City, NY | 07 Feb 12 |
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Well respected Hedge Fund located in NYC is looking for a Quantitative Developer who will be responsible for c...
| Desk Quant- Interest Rate Derivatives Trading | Analytic Recruiting Inc. Compensation Competitive | New York City, NY | 07 Feb 12 |
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Global Investment Bank located in NYC is looking for a desk quant/modeler to support their interest rates deri...
| Credit Derivatives Programmer/Analyst – New York | Analytic Recruiting Inc. Competitive Compensation | New York, NY | 07 Feb 12 |
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A high-end buy side firm with offices in New York is building-out its fixed-income analytics infrastructure fo...
| Senior Financial Engineer/Quant - Philadelphia | Analytic Recruiting Inc. Competitive Compensation | Philadelphia, PA | 07 Feb 12 |
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Large financial company located in Philadelphia is looking for a Senior Financial Engineer who will be respons...