U.S. Bank Trader 2- Minneapolis, MN in Minneapolis, Minnesota
At U.S. Bank, we're passionate about helping customers and the communities where we live and work. The fifth-largest bank in the United States, we’re one of the country's most respected, innovative and successful financial institutions. 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.
Job DescriptionThis position resides within the Funding and Derivatives Group in Corporate Treasury and will be responsible for short-term funding and trading activities. This role primarily supports the overnight and short-term funding needs of the Bank. A key focus includes partnering with the appropriate business lines to monitor and manage short-term funding needs. This includes day to day cash forecasting and identifying the appropriate use of excess cash. Additional responsibilities will include hedging foreign currency exposures, supporting the Tender Option Bond program, monitoring and effectively communicating rate changes, and supporting other trading activities. The ideal candidate will have experience in the short-term funding markets, a high-level understanding of various banking regulations, and a general knowledge of fixed income markets. This role will provide various daily, monthly and quarterly reports on funding capacity and the rate environment. The successful candidate will have an interest in financial markets, the ability to assist others in obtaining a deeper understanding of processes, is detail oriented, has a track record of continuous improvement and an ability to communicate effectively with various levels of management.
Responsibilities Monitor and manage the Bank’s overnight position at the Federal Reserve Partner with various business lines to clearly articulate cash needs and flows Enhance forecasting, processes, and reporting functions Execute funding transactions utilizing a variety of sources including Federal Home Loan Bank (FHLB) Advances, repurchase agreements (repo), brokered deposits, and short-term debt Execute hedges to manage FX risk Work with internal parties to set the Bank’s funding curve Provide support for audit and regulatory requests
Basic Qualifications Bachelor's degree in business, economics, or a related field Three or more years of experience in financial analysis activities Strong Microsoft Office skills, particularly Excel, PowerPoint, and Access. Ability to communicate effectively with business partners both internally and externally Proven ability to take initiative and independently analyze and problem-solve Trader will be required to satisfy the requirements to become an Associated Person with the NFA
Preferred Skills/Experience Self-motivated, high performing individual interested in financial markets and financial institutions Basic knowledge of investments, accounting transactions, Federal Reserve activities Ability to effectively manage and prioritize multiple activities with competing deadlines Visual Basic for Applications (VBA), Python or similar expertise Experience with Essbase, Intrader, and PowerBI Progress toward an MBA or CFA
Benefits: Take care of yourself and your family with U.S. Bank employee benefits. We know that healthy employees are happy employees, and we believe that work/life balance should be easy to achieve. That's why we share the cost of benefits and offer a variety of programs, resources and support you need to bring your full self to work and stay present and committed to the people who matter most - your family.
Learn all about U.S. Bank employee benefits, including tuition reimbursement, retirement plans and more, by visiting usbank.com/careers.
EEO is the Law Applicants can learn more about the company’s status as an equal opportunity employer by viewing the federal EEO is the Law poster.
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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.