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We're a global fintech platform that provides advisory and technology solutions to financial institutions.
The Role
Responsible for marketing and selling FX payments technology to banks, managing sales territories, and expanding customer base. Requires strong industry knowledge and client relationship management.
Summary Generated by Built In
Who We Are
Derivative Path is an award-winning firm providing financial technology and advisory solutions that empower regional and community banks, private equity firms, and corporate clients to access capital markets on a level playing field. Launched in 2013, our founder-run and private equity backed Company helps manage complex interest rate, foreign exchange, and commodity transactions through an all-in-one platform that democratizes access to the capital and liquidity of Wall Street firms, leveling the playing field between major banks and thousands of community and regional banks, credit unions, private equity firms, and commercial end-users in a way that no other firm has. Its single, intuitive dashboard helps firms manage risk and enhance workflows while delivering better transparency, hedging capabilities, risk management, and operating efficiency.
With a team of seasoned professionals comprised of decades of industry experience, Derivative Path offers a flexible, hybrid work environment to its 120+ employees with the ability to work remotely and from one of four offices in San Francisco, New York, Chicago, and Manila. The Company is dedicated to building a diverse environment and has an unwavering commitment to creating a sense of belonging for all employees.
What You'll Do
The FX Sales Account Executive position is a client-facing role where you will have the opportunity to market and sell the company’s FX payments platform to financial institutions, with the goal of expanding the current customer base and becoming the premier payments technology provider to the leading regional and community banks in the United States. If you have a solid understanding of the needs of the regional and community bank industry vis-à-vis the FX asset class and have sold payments technology to banks, we strongly urge you to apply. We are looking for someone with industry knowledge who is a self-starter, understands how to manage a sales territory, understands the sales process, and has carried a quota. Creating a pipeline, moving deals through the pipeline, and being able to forecast accurately are a must. The responsibilities of the position also include providing feedback to the product org based on client/prospect meetings, being able to build a business case for the feedback if needed, and subject matter expertise for the ongoing product roadmap of our FX payments offering. The role will require travel to client/prospect meetings, conferences, and other industry events as needed. The role may require you to conduct research through various methods, including client meetings, surveys, and market analysis.
Qualifications
The expected salary for this position ranges from $140,000 to $225,000 and is commission and equity-eligible. We will consider your skills, experience, and location when determining your pay.
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Derivative Path is an equal opportunity employer and does not discriminate based on any of the following: race, religious creed, color, age, sex, sexual orientation, gender identity, gender expression or gender characteristic, national origin, religion, marital status, medical condition, physical or mental disability, military service or veteran status, pregnancy, childbirth and related medical conditions, or any other classification protected by federal, state, and local laws and ordinances. Derivative Path offers a comprehensive benefits package, including health, dental, vision, 401k contribution, flexible spend accounts, and a generous paid time off policy.
Derivative Path is an award-winning firm providing financial technology and advisory solutions that empower regional and community banks, private equity firms, and corporate clients to access capital markets on a level playing field. Launched in 2013, our founder-run and private equity backed Company helps manage complex interest rate, foreign exchange, and commodity transactions through an all-in-one platform that democratizes access to the capital and liquidity of Wall Street firms, leveling the playing field between major banks and thousands of community and regional banks, credit unions, private equity firms, and commercial end-users in a way that no other firm has. Its single, intuitive dashboard helps firms manage risk and enhance workflows while delivering better transparency, hedging capabilities, risk management, and operating efficiency.
With a team of seasoned professionals comprised of decades of industry experience, Derivative Path offers a flexible, hybrid work environment to its 120+ employees with the ability to work remotely and from one of four offices in San Francisco, New York, Chicago, and Manila. The Company is dedicated to building a diverse environment and has an unwavering commitment to creating a sense of belonging for all employees.
What You'll Do
The FX Sales Account Executive position is a client-facing role where you will have the opportunity to market and sell the company’s FX payments platform to financial institutions, with the goal of expanding the current customer base and becoming the premier payments technology provider to the leading regional and community banks in the United States. If you have a solid understanding of the needs of the regional and community bank industry vis-à-vis the FX asset class and have sold payments technology to banks, we strongly urge you to apply. We are looking for someone with industry knowledge who is a self-starter, understands how to manage a sales territory, understands the sales process, and has carried a quota. Creating a pipeline, moving deals through the pipeline, and being able to forecast accurately are a must. The responsibilities of the position also include providing feedback to the product org based on client/prospect meetings, being able to build a business case for the feedback if needed, and subject matter expertise for the ongoing product roadmap of our FX payments offering. The role will require travel to client/prospect meetings, conferences, and other industry events as needed. The role may require you to conduct research through various methods, including client meetings, surveys, and market analysis.
- At least 5+ years of enterprise sales experience selling FX or global payments technology platforms and quota achievement selling into community and regional banks
- Strong rolodex in regional and community bank industry calling on decision makers for FX or global payments at such banks
- Detailed understanding of the complete FX lifecycle, including electronic trading, liquidity platforms, execution, confirmation/matching, settlements, accounting, and reconciliations.
- Understanding of the challenges of payment processing, including correspondent banks, Nostro management, and payment mechanisms such as SWIFT, Fedwire, and ACH. OFAC/BSA/AML regulations.
- Experience with Dodd-Frank regulations related to FX Derivatives is a plus but not required.
- Strong communication and writing skills.
- Understands sales qualification (Meddicc) and uses a consultative/value selling approach
Qualifications
- Bachelor’s degree related to finance/economics/computer science
- Competitive commission, base salary, and equity compensation
- 40 hours of sick time
- 18 days of PTO
- Hybrid work environment within the US
- Paid parental leave
- 401K contribution at 3%
- Competitive health benefits including HSA and FSA options, life insurance, and short-term disability
The expected salary for this position ranges from $140,000 to $225,000 and is commission and equity-eligible. We will consider your skills, experience, and location when determining your pay.
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Derivative Path is an equal opportunity employer and does not discriminate based on any of the following: race, religious creed, color, age, sex, sexual orientation, gender identity, gender expression or gender characteristic, national origin, religion, marital status, medical condition, physical or mental disability, military service or veteran status, pregnancy, childbirth and related medical conditions, or any other classification protected by federal, state, and local laws and ordinances. Derivative Path offers a comprehensive benefits package, including health, dental, vision, 401k contribution, flexible spend accounts, and a generous paid time off policy.
Top Skills
Ach
Electronic Trading
Fedwire
Fx Payments Platform
Liquidity Platforms
Payments Technology
Swift
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The Company
What We Do
We provide advisory, trade execution, and technology solutions for interest rate and foreign exchange derivatives, and international payments. Our clients include community and regional banks, asset managers, credit unions, and corporate borrowers. We're proud to be recognized as FOW International’s 2021 “Multi-Asset Trading System of the Year” and Global Capital’s 2022 “Risk Management Advisory Firm of the Year.” With U.S. offices in Chicago, New York, and San Francisco, Derivative Path is proud to be majority employee-owned and venture-backed by FTV Capital.
Why Work With Us
A hybrid employer, Derivative Path offers its 85 employees the flexibility to work remotely or onsite from U.S. offices in Chicago, New York, and San Francisco. With a fun, hardworking, and modern culture, Derivative Path prioritizes the collaboration, diversity, and growth of its employees.
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