Fixed Income Derivatives Risk & Controls – AVP/Associate

Madison-Davis, LLC; New York (NY); Hybrid; USD 95,000 - 140,000; Full time

Job summary

Madison-Davis, LLC in New York, NY seeks an Associate/AVP for Trading Risk & Control Fixed Income Derivatives. This first-line risk role sits on the interest rate derivatives trading floor, covering valuation, Greeks, P&L attribution, curve marking, and model analysis across swaps, options, FX, and credit products.

The position offers exposure to the full derivatives lifecycle in a lean, high-impact team, with collaboration across analysts, quants, and traders.

Responsibilities

• Perform daily valuation of the Capital Markets derivatives portfolio including production of Greeks, mark-to-market calculations, and P&L attribution across interest rate derivatives
• Mark curves used in daily MTM calculations; ensure all market input parameters are accurate and up to date
• Conduct deep analysis of interest rate derivative valuations and market risk, applying sound knowledge of key valuation approaches and models
• Undertake monthly valuation analysis using external data sources and internal models
• Monitor global financial markets, follow market movements, and assess the impact on the derivatives portfolio
• Proactively investigate and resolve trade discrepancies in a timely and independent manner
• Enhance and streamline existing working processes to improve efficiency and accuracy
• Collaborate with financial analysts, quants, and traders across a broader cross-functional team
• Handle multiple projects simultaneously under pressure with strong attention to detail and accountability

Job description

Madison-Davis, LLC in New York, NY seeks an Associate/AVP for Trading Risk & Control Fixed Income Derivatives. This first-line risk role sits on the interest rate derivatives trading floor, covering valuation, Greeks, P&L attribution, curve marking, and model analysis across swaps, options, FX, and credit products.

The position offers exposure to the full derivatives lifecycle in a lean, high-impact team, with collaboration across analysts, quants, and traders.