USD Interest Rate Swaps Trading

USD Interest Rate Swaps Trader

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.

The USD Interest Rate Swaps Trader, is responsible for client execution, market-making, and risk management activities across different instruments within USD Interest Rate Swaps market, while modernizing the firm's pricing and risk analytics infrastructure. This role will drive client-focused revenue generation and ensure a resilient and scalable USD Interest Rate Swaps trading platform that operates with discipline, integrity, and sound risk management.

Key Responsibilities

• Execute and monetize client transactions in alignment with market structure (both voice and electronic) and macroeconomic outlook.
• Implement pricing tools, analytics, and automation to increase pricing efficiency and enhance monetization of client flows.
• Partner closely with Sales to deepen client engagement and showcase the firm's trading and execution capabilities at key client events

Risk Management & Infrastructure

• Ensure strict adherence to established risk limits, governance frameworks, and regulatory requirements.
• Partner with risk management teams to ensure compliance with trading limits, stress testing requirements, and control frameworks.

Compensation

Base pay for this role usually falls within $200,000 to $225,000. Your compensation expectations will be discussed with a U.S. Bank recruiter if you are contacted to discuss the role further.

Basic Qualifications

• FINRA Series 7 and 63, and NFA Associated Persons designation (required).
• Bachelor's degree in Finance, Economics, Mathematics, Engineering, or related quantitative field.
• Extensive experience (5+ years) trading USD Interest Rate Swaps or related derivatives in a global markets environment.
• Deep expertise in Macro cash products, linear derivatives, and financing instruments, including modeling and risk management.
• Proven record of effective risk management, limit adherence, and regulatory engagement across changing market environments.
• Demonstrated success partnering with internal stakeholders such as Sales, Middle Office, Risk, Technology, Corporate Treasury, and Investment Portfolio.
• Ability to articulate strategy, market views, and risk considerations to senior stakeholders and external partners.

Preferred Skills & Experience

• Advanced quantitative or technical degree preferred.

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:

Our approach to benefits and total rewards considers our team members' whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following:

• 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

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.

The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on…