Derivatives Associate

Usbank; Charlotte (NC); On-site; USD 135,000 - 160,000; Full time

Benefits offered by this job

Healthcare

Life insurance

Disability

401(k) plan

Paid vacation

Holidays

Adoption assistance

Sick leave

Job summary

U.S. Bank’s Derivatives Associate role sits within the Macro Rates Sales team, focusing on derivative pricing, valuation, and risk management solutions for clients.

You will support senior sales members, manage credit lines, ISDA documentation, and trade confirmations while preparing marketing materials. The position works with credit and legal teams to secure approvals, and you will contribute to RFP responses and client ideas for new interest rate derivative products, reporting to the

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.

Responsibilities

• Demonstrate derivative pricing, valuation and risk management solutions for clients.
• Back-up and support to assigned senior sales team members; resolve issues in credit lines, ISDA documentation and trades.
• Prepare marketing presentations and current market commentary; discuss hedging products and applications and indicative pricing.
• Coordinate with credit and legal teams to ensure timely approval and execution of credit lines, ISDA documentation and trade confirmations.
• Assist in client execution and idea generation of new interest rate derivative products.

Skills

Derivatives markets

Fixed income pricing

ISDA documentation

Analytical skills

Communication skills

Team player & independence

Education

Bachelor's degree in Business/Economics/Finance/Econometrics

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 will focus on 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/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

If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants (https://careers.usbank.com/global/en/disability-accommodations-for-applicants) .

Benefits

Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following:

• 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

Review our full benefits available by employment status here (https://careers.usbank.com/global/en/benefits/us) .

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. Learn more about the E-Verify program (https://careers.usbank.com/verification-of-eligibility-for-employment) .

The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $117,725.00 - $138,500.00

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.