GBM - Private - Corporate Derivatives Underwriting Associate - Dallas

Job Summary & Responsibilities

The Corporate Derivatives Underwriting (CDU) team serves as the central underwriting and risk function for interest rate, foreign exchange, and credit derivative transactions executed by corporate, financial sponsor, government, and financial institution clients of the Global Banking & Markets (GBM) division. CDU is responsible for developing independent credit views on derivative exposure, assessing transaction structure and legal documentation, and coordinating closely with Sales, Credit Risk Management, and Legal and Derivatives Documentation teams to support timely, well-reasoned credit approval decisions. Client activity spans strategic transactions such as M&A and financings, as well as ongoing risk management programs.

Primary Responsibilities

The Associate will act as a primary underwriter on a broad range of transactions, taking ownership of the underwriting process from initial engagement through credit approval. This includes developing independent credit views, identifying key risks and mitigants, coordinating cross-functionally with Sales, Credit Risk, Legal and Derivative Documentation teams, and exercising sound judgment in fast-moving and complex situations.

Associates are expected to go beyond summarization, applying rigorous analytical judgment to assess credit quality, challenge assumptions where appropriate, and articulate clear, well-reasoned recommendations in underwriting memoranda. Associates should develop and maintain a strong knowledge of derivative products, exposure profiles, and legal documentation (including ISDA Master Agreements, schedules, CSAs, Guarantees, and Credit Agreements), and understand how documentation terms affect credit outcomes and risk.

Associates are expected to contribute to the continuous improvement of underwriting processes, templates, and training materials, support onboarding and development of junior team members, and act as a trusted point of contact for internal stakeholders across regions and products.

Expected Skills & Qualifications

High-judgment, high-ownership role at the intersection of markets, credit, and legal risk, with responsibility and influence on outcomes.

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 and communicate clearly under time pressure

Interest in process design, problem-solving, and platform building, not just deal execution

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

Preferred Skills & 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