2024 Capital Markets Development Program - Derivative Product Group (Dpg) - Early Careers

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.

Our Derivative Product Group (DPG) Team

What you’ll do

Become a financial market specialist, while working in a dynamic and supportive team environment. Over the course of our 3-year program, you will receive accelerated learning and skill development through a mix of formal training, mentorship, and a community of peers and advisors.

As a derivative product group development program analyst, you’ll:

• Conduct in-depth research and analysis of global foreign exchange markets, including macroeconomic factors, political events, and monetary policy decisions that impact currency movements.
• Execute FX client transactions, including spot, forward and option trades, as well as order management and trade query resolution.
• Contribute to a dynamic team environment by providing support to colleagues across all activities on the desk.
• Build a supportive community of peers through a variety of cohort strengthening activities such as social events, volunteer days, and development workshops
• Prepare presentation materials and help develop and test risk management strategies to help mitigate currency risk exposure across various portfolios.
• Work closely with our internal trading, middle and back-office teams to support client trading activity.
• Collaborate with broader client coverage teams including relationship bankers, treasury management consultants, and credit risk managers in addressing client needs.

Who we’re looking for

We’re looking for intellectually curious and creative thinkers who can think on their feet and thoughtfully react to a changing market.

Basic qualifications:

• Bachelor’s Degree. Major or minor in economics or finance preferred
• 2-4 years’ experience in the foreign exchange market
• Ability to start fulltime development program on June 24, 2024

Preferred qualifications:

• Quantitative skills - preferred proficiency in Excel (including VBA) and Tableau, including data manipulation and statistical modelling. Familiarity with Bloomberg also preferable.
• Self-motivated with a keen desire to learn and contribute within a dynamic team environment
• The ability to work in a high volume, fast paced environment while retaining acute attention to detail
• Strong PowerPoint presentation skills, with the ability to design and present information in a clear, concise, and compelling fashion
• Superior time management, including multi-tasking abilities and prioritizing daily tasks
• Strong oral and written communication skills

Working model and hours:

This role is hybrid. Team members who are in a hybrid role typically spend three days a week at the listed U.S. Bank location(s), while having flexibility on their work location for the other working days.

Development program members work approximately 40-hours each week in this fulltime role.

The application process

If you are interested in applying and learning more, click on the Apply Now icon to submit your application. Most applications will be closed on September 29, 2023.

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 (some may vary based on role, location or hours):

• Pregnancy disability and parental leave
• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law
• Healthcare (medical, dental, vision)
• Paid vacation (from two to five weeks depending on salary grade and tenure)
• 401(k) and employer-funded retirement plan
• Up to 11 paid holiday opportunities
• Adoption assistance
• Basic term and optional term life insurance
• Short-term and long-term disability

EEO is the Law

U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors.

E-Verify

U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services.

The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, US Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401k contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $62,815.00 - $73,900.00 - $81,290.00