USD Rates Trading Analyst

U.S. Bank

. Engage with senior traders to build and expand the market-making operation across Rates products, including Interest Rate Swaps and Options .

Posted 10/26/2026full-timeUnited StatesJunior💰 $100,000 - $110,000 per yearWebsite

Core Competencies

Role fit

Core Competencies

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Demonstrates expertise in USD Interest Rate Derivatives trading, including Swaps and Swaptions, while effectively managing client relationships and executing trades. Strong analytical skills are applied to assess market trends and develop risk mitigation strategies.

Highest-signal resume keywords

USD Interest Rate Derivatives TradingQuantitative AnalysisExcel (VBA) ProficiencyPython ProgrammingMarket Analysis

ATS Keywords

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Applicant Tracking System Keywords

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Hard Skills

Interest Rate SwapsOptions TradingRisk ManagementModelingTrade ExecutionData AnalysisRisk Mitigation StrategiesClient Order Flow ManagementMacroeconomic Trends AnalysisAI Coding Techniques

Soft Skills

Strong Communication SkillsAttention to DetailSelf-StarterTeam CollaborationAbility to Manage Multiple Tasks

Tools & Technologies

BloombergExcelVBAPython

Industry Keywords

Rates ProductsMarket-MakingClient Franchise ExpansionSales CoordinationMiddle-Office CoordinationBack-Office CoordinationU.S. Bank Policies ComplianceCode of Ethics Compliance

Tech Stack

Tools & technologies

PythonVBA

About the role

Key responsibilities & impact

Engage with senior traders to build and expand the market-making operation across Rates products, including Interest Rate Swaps and Options
Participate in pricing, risk management, and modeling
Interact with Sales to expand the client franchise and with Quant teams to expand product offerings
Execute USD Interest Rate Derivative trades, including Swaps, Swaptions, and 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

Requirements

What you’ll need

Bachelor’s degree in finance, economics, mathematics, engineering or related field
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
Ability to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies

Benefits

Comp & perks

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
Annual discretionary incentive
Equity stock purchase
401(k) contribution and pension
Disability accommodations during the application or hiring process