USD Rates Trading Analyst

Rates Trading Analyst

U.S. Bank is seeking a highly motivated analyst to join its Rates Trading team. In this role, you will work closely with senior traders as they build and expand the market-making operation across Rates products (Interest Rate Swaps and Options). You will participate in all aspects of trading activity, including pricing, risk management, and modeling. You will also collaborate with the Sales team to expand the client franchise and with the Quant team to expand product offerings.

Key Responsibilities

• Execute USD Interest Rate Derivative trades (Swaps, Swaptions, Caps/Floors), manage client order flow, and respond to 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 includes an annual discretionary incentive.
• Your compensation expectations will be discussed with a U.S. Bank recruiter if contacted to discuss the role further.

Basic Qualifications

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