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
A Capital Markets Repo & Funding Trading Associate at U.S. Bank supports the firm’s secured financing activities by managing daily funding needs, executing short‑term collateralized trades, and ensuring end‑to‑end accuracy across the trade lifecycle. Associates in this role typically have 1–3 years of capital markets experience and play a critical part in maintaining balance‑sheet efficiency, liquidity optimization, and strong first‑line control execution.
Key Responsibilities
Trade Execution & Lifecycle Management
Execute, confirm, and facilitate timely settlement of Repo and Reverse Repo transactions—Tri‑Party, Sponsored, and Bilateral—while ensuring accurate collateral allocation, funding alignment, and adherence to U.S. Bank’s internal control standards.
Risk & Exposure Monitoring
Monitor counterparty credit limits, intraday liquidity usage, and collateral eligibility requirements, escalating exceptions in accordance with Capital Markets supervision and the bank’s risk framework. Maintain strong documentation and support readiness for internal audit and regulatory review.
Operational & Control Discipline
Use platforms such as Bloomberg, Apex, Helix, and BNY Mellon AccessEdge to support daily processing. Coordinate across Operations, Treasury, and Middle Office to ensure trades settle accurately through Fed, DTC, or Tri‑Party agents, maintaining strict compliance with internal policies and broker‑dealer regulatory obligations (e.g., FINRA Series 7/63 where required).
Funding & Market Analysis
Assess short‑term funding conditions, rate dynamics, and collateral availability to help optimize the bank’s secured funding costs and balance‑sheet positioning. Provide analytical support to senior traders during periods of market volatility or collateral shifts.
Required Qualifications & Skills
Experience
1–3 years in Capital Markets—preferably within Repo, Securities Financing, Fixed Income trade support, or Treasury/Funding roles.
Education
Bachelor’s degree in Finance, Economics, Accounting, or a related discipline.
Technical Skills
Proficiency in Bloomberg and Repo/Financing platforms (Apex, Helix, AccessEdge), with strong Excel skills (e.g., pivot tables, formulas; VBA a plus).
Core Competencies
Strong analytical ability, exceptional attention to detail, effective communication, and the ability to operate in a high‑volume, time‑sensitive trading environment with strong control awareness.
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:
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.
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.
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: $117,725.00 - $138,500.00
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.
