Fixed Income Trader

U.S. Bank • Milwaukee, WI

12h • Hybrid

About The Position

The Fixed Income Trader is responsible for executing purchases and sales of Treasury, Agency, Commercial Paper, and Money Market Mutual Fund securities, including FDIC sweep products, on a riskless principal basis to fulfill institutional client requests originated by U.S. Bank’s Money Center Sales team. This role plays a critical function in delivering timely and accurate trade execution while ensuring operational integrity across the full trade lifecycle. Working within a fast-paced trading environment, this individual will manage high-volume transaction activity, maintain strong controls, and collaborate closely with internal partners and external counterparties. The position requires a strong understanding of fixed income markets, attention to detail, and the ability to balance execution, operations, and risk management responsibilities.

Requirements

• Bachelor's degree, or equivalent work experience
• One or more years of related experience
• Hands‑on experience executing and supporting fixed income trades through the full trade lifecycle, including confirmation, clearing, settlement, and operational processing
• Ability to independently perform daily operational responsibilities, including trade balancing, position and cash reconciliation, money market mutual fund balancing, and resolution of variances or breaks
• Demonstrated attention to detail and accuracy in managing high‑volume transaction activity and time‑sensitive deadlines
• Familiarity with regulatory, compliance, and accounting concepts impacting Corporate Treasury and institutional trading activity
• Ability to work independently while contributing positively in a team-based trading and operations environment
• Experience generating, reviewing, balancing, and reconciling trading and operational reports with minimal supervision
• Strong problem‑solving skills with the ability to identify root causes and resolve trade, settlement, or reconciliation issues efficiently to mitigate operational risk
• Effective communicator who works closely with sales teams, operations, compliance, and external counterparties to support timely and accurate trade execution
• Ability to manage large transactions and heavy trade volume in a fast‑paced environment while maintaining strong control standards
• Demonstrated interest in fixed income markets with an inquisitive, detail-oriented mindset
• Strong organizational skills with the ability to prioritize multiple tasks and adjust to changing market conditions
• Required proficiency in Microsoft Excel
• Proven experience utilizing the Bloomberg trading system to support fixed income trading and operational functions

Responsibilities

• Executing purchases and sales of Treasury, Agency, Commercial Paper, and Money Market Mutual Fund securities, including FDIC sweep products, on a riskless principal basis to fulfill institutional client requests originated by U.S. Bank’s Money Center Sales team.
• Delivering timely and accurate trade execution while ensuring operational integrity across the full trade lifecycle.
• Managing high-volume transaction activity.
• Maintaining strong controls.
• Collaborating closely with internal partners and external counterparties.
• Balancing execution, operations, and risk management responsibilities.
• Performing daily operational responsibilities, including trade balancing, position and cash reconciliation, money market mutual fund balancing, and resolution of variances or breaks.
• Generating, reviewing, balancing, and reconciling trading and operational reports with minimal supervision.
• Identifying root causes and resolving trade, settlement, or reconciliation issues efficiently to mitigate operational risk.
• Supporting timely and accurate trade execution by working closely with sales teams, operations, compliance, and external counterparties.
• Managing large transactions and heavy trade volume in a fast-paced environment while maintaining strong control standards.
• Prioritizing multiple tasks and adjusting to changing market conditions.

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

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level