Corporate Derivatives Underwriting Associate

About the Role

The Corporate Derivatives Underwriting (CDU) team is the central underwriting and risk function for interest rate, foreign exchange, and credit derivative transactions. This role involves developing independent credit views, assessing transaction structure and legal documentation, and collaborating with Sales, Credit Risk Management, Legal, and Derivatives Documentation teams for credit approval decisions.

Key Responsibilities

• Act as a primary underwriter on a broad range of transactions, managing the underwriting process from engagement through credit approval.
• Develop independent credit views, identify key risks and mitigants.
• Coordinate cross-functionally with Sales, Credit Risk, Legal, and Derivative Documentation teams.
• Exercise sound judgment in fast-moving and complex situations.
• Apply rigorous analytical judgment to assess credit quality, challenge assumptions, and articulate clear, well-reasoned recommendations in underwriting memoranda.
• Develop and maintain strong knowledge of derivative products, exposure profiles, and legal documentation (including ISDA Master Agreements, schedules, CSAs, Guarantees, and Credit Agreements).
• Understand how documentation terms affect credit outcomes and risk.
• Contribute to the continuous improvement of underwriting processes, templates, and training materials.
• Support onboarding and development of junior team members.
• Act as a trusted point of contact for internal stakeholders across regions and products.

Requirements & Tech Stack

• High-judgment, high-ownership role at the intersection of markets, credit, and legal risk.
• Demonstrated ability to exercise independent judgment in credit or risk-related roles.
• Strong understanding of corporate finance.
• Strong understanding of derivative products and/or financial risk management.
• Comfort engaging with legal and documentation concepts.
• Ability to manage senior stakeholders.
• Ability to communicate clearly under time pressure.
• Interest in process design, problem-solving, and platform building.

Qualifications

• Undergraduate Degree in Economics / Finance / Accounting related discipline.
• 2-3+ years financial services experience.
• Prior corporate finance or derivative experience preferred.
• SIE, FINRA 63, and FINRA 79 qualified.
• Keen interest in the financial markets.
• Demonstrated technical proficiency: experience analyzing data and summarizing results to produce succinct high-impact presentations.
• Team player.
• Excellent communication skills.
• Accurate and detail-oriented.