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.
Job Description
This role executes fixed income and money market transactions for institutional clients based on customer direction provided through Money Center Sales. The individual supports the full trade lifecycle, including trade execution, settlement, balancing, reconciliation, and operational processing. Working closely with Sales, Operations, Compliance, broker dealers, and external counterparties, this position helps ensure timely and accurate trade execution in a fast-paced, high-volume environment. Strong attention to detail, problem-solving skills, and compliance with established procedures and regulations are critical to success.
Key Responsibilities
Execute customer-directed transactions involving Treasury securities, agency securities, commercial paper, money market mutual funds, FDIC sweep products, and other fixed income instruments.
Support trades through the full trade lifecycle, including execution, confirmation, clearing, settlement, and operational processing.
Perform trade balancing, reconciliations, operational reporting, and issue resolution activities.
Partner with Money Center Sales, Operations, Compliance, broker dealers, and external counterparties to support accurate trade execution and processing.
Maintain compliance with established procedures, policies, and regulatory requirements.
Provide guidance and assistance to less experienced team members as needed.
Basic Qualifications
Bachelor's degree, or equivalent work experience
Five to eight years of relevant work experience
Preferred Skills/Experience
Working knowledge of fixed income and money market products, including Treasuries, Agencies, Commercial Paper, Money Market Mutual Funds, and FDIC sweep products
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 with proven experience utilizing the Bloomberg trading system to support fixed income trading and operational functions
Location Expectations:
This role requires working from a U.S. Bank location three (3) or more days per week.
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 (https://careers.usbank.com/global/en/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
Review our full benefits available by employment status here (https://careers.usbank.com/global/en/benefits/us) .
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.
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. Learn more about the E-Verify program (https://careers.usbank.com/verification-of-eligibility-for-employment) .
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, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $81,515.00 - $95,900.00
U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.
Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.
Posting may be closed earlier due to high volume of applicants.
