Analyst – Interest Rate and Commodity Derivatives – Interest Rate and Commodity

Job Description

Analyst – Interest Rate and Commodity Derivatives | Flagstar Bank

The Tone:
This is an early career position at Flagstar Bank, located in New York, NY. Flagstar Bank operates a Capital Markets division focused on providing financial products and services, particularly hedging solutions. This role is crucial for supporting the structuring, pricing, execution, and risk management of interest rate and commodity hedging solutions, directly contributing to the growth and development of the bank’s derivatives platform.

The TL;DR
• Role: Early Career
• Location: In-person, New York, NY
• Pay: $79158.75–$119938.00 yearly
• Team: Supports senior sales professionals within the Capital Markets division
• Mission: Supports the structuring, pricing, execution, and risk management of both interest rate and commodity hedging solutions for clients.
• Tech Stack: Excel (pivot tables, financial modeling), Bloomberg (preferred), market-data platforms (preferred), derivatives pricing tools (preferred)

What You’ll Actually Do
• Market Analysis: Monitor interest rate markets, central bank policy, macroeconomic trends, yield-curve shifts, and cross-commodity fundamentals (crude oil, natural gas, refined products) to prepare daily and weekly market updates, pricing summaries, and internal commentary for sales and relationship teams.
• Client Solutions: Support senior sales professionals by running pricing models, scenario testing, and stress cases for both interest rate and commodity strategies, preparing client-ready materials such as trade ideas, pitchbooks, risk profiles, and economics comparisons, and contributing to structuring discussions for hedges tied to loan originations, refinancing, acquisition financing, or reserve-based lending.
• Trade Execution: Coordinate end-to-end trade execution with sales, trading, middle office, and operations teams, drafting and reviewing term sheets, confirmations, and booking instructions to ensure accuracy and policy compliance, while also supporting regulatory processes including trade reporting, clearing/margin checks, and KYC/credit workflows.
• Platform Support: Maintain trade logs, pricing databases, and analytics tools to support platform reporting and revenue tracking, and participate in platform enhancement efforts related to pricing tools, analytics dashboards, pipeline tracking, and digital client content.
• Risk & Compliance: Assist with counterparty credit exposure tracking, mark-to-market monitoring, and limit usage analysis, ensuring adherence to internal controls, bank risk policies, and regulatory requirements (e.g., Dodd-Frank), and partnering with Credit and Loan Syndications to evaluate how hedging strategies interact with credit structures and the bank’s risk appetite.

The Must-Haves
• Background: This is an early career role requiring a High School Diploma or Equivalent, with a Bachelor’s degree in Finance, Economics, or a related field preferred. Candidates should possess a foundational understanding of financial markets, fixed-income products, commodities, or derivatives concepts, ideally gained through coursework or internship experience.
• Experience: Experience from internships in sales & trading, energy risk, corporate treasury, or commercial banking is preferred. Basic knowledge of hedge accounting (ASC 815), ISDA documentation, or credit processes is also a plus.
• Skills: Strong quantitative skills, including proficiency in Excel (pivot tables, financial modeling), are essential. The role demands excellent analytical, organizational, and problem-solving abilities, alongside strong communication skills to translate analytics into clear business insights. Curiosity, attention to detail, and the capacity to work efficiently are also critical.
• Bonus: Exposure to Bloomberg, market-data platforms, or derivatives pricing tools is preferred. The ability to build and maintain effective relationships with stakeholders by communicating clearly, engaging in proactive collaboration, and leveraging cross-functional insights is valued, aligning relationship-building efforts with enterprise goals.