Frost Bank

Derivatives Specialist

Frost Bank$70K — $95K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor’s degree in Finance, Economics, Mathematics, or Statistics; or a related technical field
  • 5+ years commercial lending or derivatives experience
  • Experience with Bloomberg
  • Strong problem-solving and critical thinking skills
  • Ability to explain complex financial transactions
  • Proficiency in Microsoft computer applications
  • Excellent written and verbal communication skills

Responsibilities

  • Join a team to administer foreign exchange, interest rate, and commodity hedging product groups
  • Monitor and maintain foreign currency account positions as per policy
  • Interact with customers to evaluate and present customized hedging opportunities
  • Collaborate with Relationship Managers and Sales Managers on documentation and pricing
  • Attend regional sales meetings to provide market commentary and build relationships
  • Teach and explain basic derivative principles to Derivatives Analyst I and II
  • Act with integrity, caring, and excellence to achieve all-win outcomes

Benefits

  • Medical, dental, vision, long-term disability, and life insurance
  • 401(k) matching
  • Generous holiday and paid time off schedule
  • Tuition reimbursement
  • Extensive health and wellness programs, including Employee Assistance Program
  • Referral bonus program + more!
Full Job Description
Job Description

It’s about being there and building trust.

Are you known for your attention to detail and exceptional organizational skills? Do you like working with others and have a goal-oriented mindset? Are your ready to facilitate all the moving pieces to help deliver a seamless experience? If so, being a Derivatives Specialist with Frost could be for you.

Who you are:

As a Derivatives Specialist with Frost, you are our subject matter expert. In this role, you are responsible for administering the bank’s foreign exchange, interest rate, and commodity hedging product groups. Your goal is to limit risk on behalf of both the bank and its customers. You will use your effective communication skills to interact with customers and work with Frost lines of business to give guidance and present customized opportunities. Our Derivatives Specialists believe in efficiency and strive to go above and beyond with integrity, caring and excellence in mind.  

What you’ll do:

  • Join a team responsible for administering the bank’s foreign exchange, interest rate, and commodity hedging product groups with the goal of limiting risk on behalf of both the bank and its customers

  • Monitor and maintain foreign currency account positions within the given foreign exchange policy, executing and capturing foreign exchange and derivative transactions

  • Interact with customers to evaluate and present customized interest rate, commodity, and foreign exchange hedging opportunities

  • Work with Relationship Managers, Sales Managers, Credit Officers, and back office personnel to give guidance on loan pricing, coordinate documentation, track sales opportunities, and respond to ad-hoc queries

  • Attend periodic regional sales meetings to provide market commentary and further develop relationships with Sales Managers and Relationship Managers

  • Works closely with Derivatives Analyst I and II to further teach and convey basic derivative principles and explain derivatives and foreign exchange systems

  • Always take action using Integrity, Caring, and Excellence to achieve all-win outcomes

What you’ll need:

  • Bachelor’s degree in Finance, Economics, Mathematics, or Statistics; or a related technical field

  • 5+ years commercial lending or derivatives experience

  • Experience with Bloomberg

  • Strong problem-solving and critical thinking skills

  • Ability to explain complex financial transactions

  • Proficiency in Microsoft computer applications

  • Excellent written and verbal communication skills

Additional Preferred Skills:

  • Master’s degree

  • Understanding of the interest rate, commodity (energy), and currency derivatives markets

  • CFA charterholder

Our Benefits:

At Frost, we care about your health, your family, and your future and strive to have our benefits reflect that. This includes:  

  • Medical, dental, vision, long-term disability, and life insurance

  • 401(k) matching

  • Generous holiday and paid time off schedule

  • Tuition reimbursement

  • Extensive health and wellness programs, including our Employee Assistance Program

  • Referral bonus program + more!

About Frost Bank

Frost Bank is a subsidiary of Cullen/Frost Bankers, Inc., a financial holding company, headquartered in San Antonio, Texas. The company provides a wide range of banking, investments, and insurance services to businesses and individuals in Texas. Frost Bank has over 130 branches across Texas and offers online banking services to its customers. The bank was founded in 1868 by Thomas Claiborne Frost and has been serving Texans for over 150 years.
Learn more about Frost Bank
Size
4,553 employees
Market Cap
$8.3 billion
Industry
Net Income
$331.1 million
Founded
1973
5 Year Trend
+5.1%
NASDAQ

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