Derivatives Associate

U.S. Bank•Chicago, IL

1d•$135,000 - $160,000•Hybrid

About The Position

The Derivatives Associate works as a member of the Macro Rates Sales team to demonstrate and design derivative pricing, valuation, and risk management solutions for clients. Serves as a back-up and support to assigned senior sales team members. Makes sure that issues are resolved and takes initiative in all areas relating to credit lines, ISDA documentation and trades. Prepares marketing presentations, including current market commentary, discussion of hedging products and applications, and indicative pricing. Participates and contributes to the RFP response process for customer opportunities. Coordinates with credit and legal teams to ensure timely approval and execution of credit lines, ISDA documentation, and trade confirmations. Assists in client execution and idea generation of new interest rate derivative products. Job location will focus on New York, Chicago, and Charlotte

Requirements

Bachelor's degree in Business, Economics, Finance, Econometrics or related field, or equivalent work experience
Two to five years of derivatives sales support or related experience
Solid understanding of complexities of the derivatives markets
Thorough knowledge of fixed income and pricing of derivative applications, including swaps, swaptions, caps, floors, cross currency, and treasury locks.
Strong analytical and problem-solving skills
Experience with ISDA documentation drafting
Understanding and knowledge of ISDA terms
Ability to work equally well in a team environment and independently, exhibiting initiative, ownership, and flexibility
Strong oral and written communication skills, including the ability to translate complex financial concepts into simple terms and actionable steps
Strong attention to detail
Ability to manage multiple tasks/projects and deadlines simultaneously

Responsibilities

Demonstrate and design derivative pricing, valuation, and risk management solutions for clients.
Serve as a back-up and support to assigned senior sales team members.
Ensure issues are resolved and take initiative in all areas relating to credit lines, ISDA documentation and trades.
Prepare marketing presentations, including current market commentary, discussion of hedging products and applications, and indicative pricing.
Participate and contribute to the RFP response process for customer opportunities.
Coordinate with credit and legal teams to ensure timely approval and execution of credit lines, ISDA documentation, and trade confirmations.
Assist in client execution and idea generation of new interest rate derivative products.

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
Incentive and recognition programs
Equity stock purchase
Pension (all benefits are subject to eligibility requirements)