Derivatives Associate

U.S. Bank; Charlotte (NC); On-site; USD 135,000 - 160,000; Full time

Benefits offered by this job

Healthcare (medical, dental, vision)

Life insurance

Disability (short-term & long-term)

Retirement plan (401(k))

Paid vacation and holidays

Adoption assistance

Sick leave accruals

Job summary

U.S. Bank is seeking a Derivatives Associate to support the Macro Rates Sales team in pricing, valuation and risk management solutions for clients.

You will back up senior members, coordinate ISDA documentation and credit lines, and contribute to RFP responses and client presentations. Ideal candidates have a bachelor's degree and 2–5 years in derivatives sales support, strong analytical skills, and the ability to translate complex financial concepts into actionable steps, working well in teams

Qualifications

• Bachelor's degree or equivalent in a business/finance-related field.
• 2–5 years of derivatives sales support or related experience.
• Solid understanding of derivatives markets and pricing concepts.
• Experience with ISDA documentation drafting and terms.

Responsibilities

• Demonstrates and designs derivative pricing, valuation, and risk management solutions for clients.
• Back-up and support to assigned senior sales team members; resolve issues on credit lines and ISDA docs.
• Prepare marketing presentations and RFP responses; coordinate with credit and legal teams.
• Assist in client execution and idea generation of new interest rate derivative products.

Skills

Derivatives basics

ISDA knowledge

Analytical skills

Client communication

Teamwork and independence

Education

Bachelor's degree in Business, Economics, Finance, Econometrics or related field

Tools

ISDA documentation drafting

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.

Job Description

The Derivatives Associate works as a member of the Macro Rates Sales team to demonstrate and design derivative pricing, valuation, and risk management solutions for clients. Serves as a back-up and support to assigned senior sales team members. Makes sure that issues are resolved and takes initiative in all areas relating to credit lines, ISDA documentation and trades. Prepares marketing presentations, including current market commentary, discussion of hedging products and applications, and indicative pricing. Participates and contributes to the RFP response process for customer opportunities. Coordinates with credit and legal teams to ensure timely approval and execution of credit lines, ISDA documentation, and trade confirmations. Assists in client execution and idea generation of new interest rate derivative products.

Job Location

New York, Chicago, and Charlotte.

Basic Qualifications

• Bachelor's degree in Business, Economics, Finance, Econometrics or related field, or equivalent work experience.
• Two to five years of derivatives sales support or related experience.

Preferred Skills and Experience

• Solid understanding of complexities of the derivatives markets.
• Thorough knowledge of fixed income and pricing of derivative applications, including swaps, swaptions, caps, floors, cross currency, and treasury locks.
• Strong analytical and problem-solving skills.
• Experience with ISDA documentation drafting.
• Understanding and knowledge of ISDA terms.
• Ability to work equally well in a team environment and independently, exhibiting initiative, ownership, and flexibility.
• Strong oral and written communication skills, including the ability to translate complex financial concepts into simple terms and actionable steps.
• Strong attention to detail.
• Ability to manage multiple tasks/projects and deadlines simultaneously.

Compensation

• Compensation will consist of salary and annual discretionary incentive.
• Estimated salary $135,000-$160,000.

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.

EEO 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.

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.