Macro Rates Derivatives Associate: Pricing & Client Solutions

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

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.