Macro Rates Sales - Senior Associate (Corporates)

US Bank; New York (NY); On-site; USD 140,000 - 171,000; Full time

Job summary

The Derivatives Senior Associate at U.S. Bank works within the Macro Rates Sales team to design pricing, valuation, and risk management solutions for clients.

The role backs up senior sales members and coordinates credit lines, ISDA documentation, and trade confirmations, while contributing to client execution and new idea generation. Responsibilities include preparing market commentary, marketing presentations, RFP responses, and collaboration with credit and legal teams to ensure timely

Qualifications

• Bachelor's degree or equivalent work experience in a relevant field.
• 2–5 years of derivatives sales support or related experience.
• Thorough understanding of derivatives markets and pricing.

Responsibilities

• Design derivative pricing, valuation, and risk management solutions for clients.
• Prepare marketing presentations and current market commentary.
• Participate in RFP responses and coordinate with credit/legal teams.
• Assist in client execution and generation of new derivative ideas.
• Ensure timely approval and execution of ISDA documentation and trade confirmations.

Skills

Derivatives pricing knowledge

ISDA documentation knowledge

Analytical skills

Communication skills

Team collaboration

Education

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

Job description

Job Description

The Derivatives Senior 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

Compensation:

Compensation will consist of salary and annual discretionary incentive

Estimated salary $175,000 - $200,000

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: $140,040.00 - 171,160.00

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

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 .

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

Review our full benefits available by employment status here.

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 .

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 requi