USD Rates Trading Analyst

Us Bank; New York (NY); On-site; USD 100,000 - 110,000; Full time

Benefits offered by this job

Healthcare (medical, dental, vision)

401(k) plan

Paid vacation

Paid holidays

Parental leave

Employee assistance programs

Job summary

U.S. Bank is seeking a highly motivated Rates Trading analyst to join the team in New York. You will work with senior traders to build and expand market making across interest rate products, while pricing, risk-managing, and modeling trades. You’ll interact with Sales and the Quant team to grow client franchise and product offerings.

The role emphasizes collaboration across stakeholders, exposure to a dynamic desk, and opportunities to develop professionally within Rates Trading.

Qualifications

• Bachelor’s degree in finance, economics, mathematics, engineering or related field.

Responsibilities

• Execute USD Interest Rate Derivative trades (Swaps, Swaptions, Caps/floors), manage client order flow and trade queries.
• Analyze global Rate markets, macroeconomic trends and relevant data to support market-making activity.
• Develop risk mitigation strategies aligned with client portfolios.
• Partner with Sales, relationship bankers, treasury consultants, and credit managers to address client needs.
• Coordinate with sales, middle office, and back-office teams to ensure seamless execution.
• Support team operations and contribute to a collaborative desk culture.

Skills

Quantitative ability

Oral and written communication

AI coding techniques

Excel VBA

Python

Bloomberg

Attention to detail

Self-starter

USD Rates market experience

Education

Bachelor’s degree in finance/economics/mathematics/engineering or related field

Tools

Excel

VBA

Python

Bloomberg

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

We are seeking a highly motivated analyst to join our Rates Trading team. In this role, you will engage with senior traders as they build and expand our market making operation across all Rates products (Interest Rate Swaps and Options).You will participate in all aspects of trading activity including pricing, risk-managing, and modeling. You will also interact with our Sales team as they work to expand our client franchise and our Quant team as they work to expand our product offerings. This role requires collaboration among various stakeholders and offers an excellent opportunity to begin a career in Rates Trading.

Key Responsibilities:

• Execute USD Interest Rate Derivative trades (Swaps, Swaptions, Caps/floors), manage client order flow and trade queries.
• Analyze global Rate markets, macroeconomic trends and relevant data to support market-making activity.
• Develop risk mitigation strategies aligned with client portfolios.
• Partner with Sales, relationship bankers, treasury consultants, and credit managers to address client needs.
• Coordinate with sales, middle office, and back-office teams to ensure seamless execution.
• Support team operations and contribute to a collaborative desk culture.

Compensation:

• Base pay for this role usually falls within $100,000 - $110,000 and will include an annual discretionary incentive.
• Your compensation expectations will be discussed with a U.S. Bank recruiter if you are contacted to discuss the role further.

Basic Qualifications:

• Bachelor’s degree in finance, economics, mathematics, engineering or related field.

Preferred Qualifications:

• Strong quantitative ability.
• Strong oral and written communication skills.
• Proficiency in Excel (VBA), Python, AI Coding techniques, and Bloomberg.
• Ability to manage multiple tasks in a fast‑paced environment with attention to detail.
• Self-starter with a strong desire to learn and grow within a dynamic team.
• 1–3 years of USD Rates market experience.

This position is not eligible for visa sponsorship.

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.

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: $66,640.00 - $78,400.00

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.