Credit Middle Office Associate
About The Position
The Credit Fixed Income Middle Office Associate provides day-to-day middle office support for U.S. Bancorp Investments Inc.’s secondary trading and sales businesses. The role partners closely with Trading, Sales, Operations, Finance, Technology, and external counterparties to ensure accurate processing and settlement of fixed income transactions. It requires direct experience and understanding of the full trade lifecycle, including execution, capture, allocations, confirmations, settlement management, reconciliations, exception resolution, and P&L validation. The successful candidate is highly organized and detail-oriented, comfortable in a dynamic, deadline-driven trading environment, and able to apply strong analytical and problem-solving skills while managing multiple priorities accurately. The role also contributes to control enhancements, process improvements, automation, scalability, and operating efficiency while maintaining service to internal and external stakeholders.
Requirements
- Bachelor’s degree or equivalent combination of education and relevant work experience.
- 3–5 years of experience in capital markets, fixed income trading support, middle office, operations, or a related financial services environment.
- Experience with Bloomberg or similar trade entry platforms is required.
- Direct experience and understanding of the entire trade lifecycle, from trade execution through P&L validation.
- Strong analytical and problem-solving skills and exceptional attention to detail.
- Ability to manage multiple priorities in a fast-paced, deadline-driven environment while maintaining accuracy.
- Strong verbal and written communication skills and ability to interact effectively across business and operational teams.
Nice To Haves
- Understanding of fixed income products, debt capital markets, secondary activities, and trade lifecycle management.
- Experience supporting syndicate, debt issuance, brokered CD, fixed income sales, trading, or operations functions.
- Experience investigating and resolving operational breaks and exceptions.
- Advanced proficiency in Microsoft Excel and other Microsoft Office applications.
- Familiarity with fixed income ECNs and market data platforms.
- FINRA SIE, Series 7, and Series 63 licenses, or willingness to obtain required licenses within 120 days of hire.
- Demonstrated interest in process improvement, operational excellence, and automation initiatives.
- General understanding of AI tools and their application to promote efficiencies.
Responsibilities
- Support the post-trade processing lifecycle for Fixed Income Credit transactions from execution through settlement.
- Serve as a primary point of contact among trading, sales, operations, finance, and external counterparties.
- Monitor and resolve trade exceptions, settlement discrepancies, and reconciliation breaks in a timely manner.
- Validate trade allocations, trade economics, and position accuracy across internal systems.
- Assist with daily profit and loss (P&L) reconciliation and reporting processes.
- Support new issue syndicate transactions, including order management, allocations, and settlement coordination.
- Participate in developing and enhancing operational controls, procedures, and process improvements.
- Identify operational risks and escalate issues appropriately to management.
- Contribute to strategic initiatives focused on automation, scalability, and operating efficiency.
- Maintain a strong control environment while delivering a high level of service to internal and external stakeholders.
Benefits
- Medical, dental, and vision healthcare coverage.
- Basic term and optional term life insurance.
- Short-term and long-term disability coverage.
- Pregnancy disability and parental leave.
- 401(k) and employer-funded retirement plan.
- Paid vacation of 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 hours worked, up to 80 hours per calendar year unless otherwise provided by law.
- Incentive and recognition programs.
- Equity stock purchase, 401(k) contribution, and pension, subject to eligibility requirements.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
