Director of Interest Rate Derivatives

The Director of Interest Rates Derivatives & FX is responsible for supporting the Bank’s interest-rate derivatives and foreign-exchange activities, including client transactions, balance-sheet and interest-rate risk management, hedging, pricing, execution, portfolio management, and business growth. This role will serve as a key subject-matter expert within the Bank’s Capital Markets organization, partnering with Commercial Banking, Finance, Risk, Credit, Operations, and relationship managers to identify and execute derivatives solutions for the Bank and its clients.

The role is be expected to develop a deep understanding of the Bank’s balance sheet, risk profile, client needs, and strategic objectives and use that knowledge to structure and execute transactions that appropriately balance client service, risk management, liquidity, capital, and profitability. The Director helps drive revenue growth while maintaining disciplined risk management, regulatory compliance, and operational excellence across all derivatives and FX activities.

This is a hands-on role for an experienced markets professional who can independently price and execute transactions while also helping build and scale the Bank’s derivatives capabilities. Consistently gains the confidence and trust of others through honesty, integrity, and authenticity.

• Execute and manage interest-rate derivative transactions for the Bank and its clients, including:
  • Interest-rate swaps
  • Caps and floors
  • Swaptions
  • Forward-starting swaps
  • Other approved interest-rate derivative products
• Price and execute transactions within established risk, credit, liquidity, legal, and regulatory parameters.
• Develop hedging strategies for loans, securities, deposits, funding, and other balance-sheet exposures.
• Partner with Treasury and ALM to manage interest-rate risk and optimize the Bank’s balance-sheet profile.
• Analyze yield curves, basis relationships, volatility, market liquidity, and other factors affecting derivative pricing and risk.
• Monitor and manage derivative positions, including mark-to-market exposure relative to capital, duration, DV01, convexity, basis risk, and counter party exposure.
• Identify opportunities to improve hedge effectiveness, execution economics, and overall risk-adjusted returns.
• Establish an FX transaction platform supporting the Bank and its commercial and corporate clients.
• Provide pricing and hedging solutions for foreign-currency exposures, including spot, forwards, swaps, and other approved FX products.
• Monitor currency markets and identify material exposures or opportunities relevant to the Bank and its clients.
• Coordinate FX hedging activity with Treasury, Corporate Banking, and Capital Markets.

• Partner with commercial bankers to identify client opportunities for interest-rate and FX risk-management solutions.
• Serve as a subject-matter expert in derivatives for bankers and clients.
• Assist in structuring customized hedging solutions based on client objectives, risk tolerance, and underlying exposures.
• Participate in client calls and meetings to explain market conditions, hedging strategies, transaction economics, and risk considerations.
• Help grow the Bank’s derivatives revenue while maintaining disciplined risk management and appropriate client suitability.
• Role will require travel to build relationships with bankers and clients.
• Develop and maintain strong relationships with derivative counter parties, broker-dealers, financial institutions, and other market participants.
• Maintain real-time awareness of market conditions and execute transactions efficiently and competitively.
• Establish appropriate pricing and transaction economics consistent with market…