2027 Fixed Income, Currencies and Commodities Full-time Development Program – Macro and Commodities

U.S. Bank; Chicago (IL); On-site; USD 81,000 - 96,000; Full time

Benefits offered by this job

Healthcare (medical, dental, vision)

401(k) retirement plan

Paid vacation

Sick and Safe Leave

Adoption assistance

Job summary

U.S. Bank is seeking an FICC Analyst for a full-time program based in Chicago. You will build a foundation as a market specialist, supporting pricing, valuation, research, and client materials in a fast-paced, team-oriented environment.

The role offers formal training, mentorship, and cohort-based development, with placement in Macro or Commodities depending on business needs and your skills.

Qualifications

• Intellectually curious, analytical and adaptable individuals.
• Strong written and verbal communication skills.
• Ability to manage multiple priorities in a fast-paced environment.

Responsibilities

• Support sales, trading, and structuring teams with pricing, valuation, and execution insights.
• Conduct market research and analysis for client-facing materials.
• Develop client materials, financial models, and market commentary.
• Monitor markets and investor dynamics to inform advice and execution.
• Partner with cross-functional teams to support approvals and documentation.

Skills

Analytical thinking

Communication skills

Adaptability

Education

Bachelor's degree in Financial Engineering

Bachelor's degree in Computer Science

Bachelor's degree in Mathematics

Job description

Job Description

At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One.

Our program

The Fixed Income, Currencies and Commodities Development Program is a full-time opportunity designed to build future capital markets professionals through hands‑on experience, structured training, and progressive responsibility. Program members are aligned to a specific product area and contribute meaningfully to client transactions, market analysis, and strategic initiatives.

What you’ll do

As an FICC Analyst, you will develop a strong foundation as a market specialist while working in a fast‑paced, team‑oriented environment.

• Support sales, trading, and structuring teams by assisting with pricing, valuation, & execution of market products
• Conduct market research and analysis
• Prepare client facing materials such as market commentary, hedging strategies, indicative pricing, and presentation decks
• Assist with trade lifecycle support, including documentation, confirmations, and issue resolution
• Partner with internal teams (credit, legal, operations) to support approvals, documentation, and execution
• Participate in formal training, mentorship, and cohort-based development programming designed to accelerate technical and professional growth

This role is designed for candidates who may be placed in Macro (Rates, FX, and Repo) or Commodities based on business demand, interests, and skill alignment.

As a full‑time program analyst, you will:

• Support the origination, structuring, & execution of capital markets transactions across a designated product area
• Develop client materials, financial models, credit analysis, and market commentary
• Monitor financial markets and investor dynamics to inform execution and client advice
• Partner cross functionally with coverage teams, risk, legal, and operations
• Build long‑term client relationships through ongoing coverage and execution support

Who we’re looking for

We’re looking for intellectually curious, analytical, and adaptable individuals who can think critically and respond thoughtfully to changing market conditions.

Basic qualifications

• Pursuing a bachelor’s degree in Financial Engineering, Computer Science, Mathematics, or a related field with a target graduation date of December 2026 or Spring 2027
• Ability to start the program on July 12, 2027
• Strong written and verbal communication skills
• Demonstrated attention to detail and ability to manage multiple priorities in a fast‑paced environment

Preferred qualifications

• GPA of 3.3 or above
• Solid foundation in quantitative processes, economics, and/or financial markets
• Understanding of Fixed income concepts and derivative products
• Global foreign exchange markets and currency dynamics
• Global commodities market and associated dynamics
• Interest in market risk management and client focused solutions
• Well‑developed analytical and quantitative skills
• Comfort working under time pressure with high volumes of information and transactions

Working model and hours

This role is fully onsite.

Benefits

• Healthcare (medical, dental, vision)
• Basic term and optional term life insurance
• Short‑term and long‑term disability
• Pregnancy disability and parental leave
• 401(k) and employer‑funded retirement plan
• Paid vacation (from two to five weeks depending on salary grade and tenure)
• Up to 11 paid holiday opportunities
• Adoption assistance
• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

E-Verify

U.S. Bank participates in the U.S. Department of Homeland Security E‑Verify program in all facilities located in the United States and certain U.S. territories. The E‑Verify program is an Internet‑based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E‑Verify program.

Pay Range

Pay Range: $81,345.00 - $95,700.00

Background checks and compliance

U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.

Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.

Equal opportunity employer statement

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.