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2026 Capital Markets Summer Intern Derivative Product Group

2026 Capital Markets Summer Intern Derivative Product Group

Illinois StaffingChicago, IL, US
4 hours ago
Job type
  • Full-time
Job description

U.S. Bank Internship Program

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 atall from Day One.

Job Description

Our 10-week paid internship will provide you with the foundation to become a financial market specialist while working in a dynamic and supportive team environment. You will receive accelerated learning and skill development through a mix of on-the-job training, mentorship, a community of peers and advisors, and a pathway to our full-time Capital Markets Development Program upon graduation.

Derivative Product Group (DPG) Role

Interest rate and commodity derivatives are a key component of U.S. Bank's expanding capital markets platform, and the firm continues to invest in and enhance its derivative capabilities. The Derivative Product Group is currently comprised of 27 product specialists marketing derivative products to corporate, commercial, real estate, specialty finance, and commercial clients. During their assignments the interns will get exposure to the DPG sales, trading, and operational processes. In addition to the practical exposure on the DPG desk, there is an academic component of the program where content and assignments relative to our industry will be offered to the internship class.

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 :

  • Pursuing a bachelor's degree in Finance, Financial Engineering, Economics, or a related field with a target graduation of December 2026 or spring 2027
  • Ability to start the internship program on June 1, 2026
  • Ability to work out of the Charlotte, NC or Chicago, IL office

Preferred qualifications :

  • Solid foundation of economics and finance theory; well-versed in current economic conditions and outlook including monetary policy, growth / inflation, and the current interest rate environment
  • Knowledge of fixed income mathematics and pricing of derivative applications, including swaps, swaptions, caps, floors, and treasury locks
  • Exceptional interpersonal skills, both oral and written.
  • Well-developed analytical skills.
  • Acute attention to detail.
  • Self-motivated with a keen desire to learn and contribute within a dynamic team environment.
  • Ability to work well under pressure and time constraints.
  • Internship Benefits

    Meaningful, hands-on work that impacts the business

    Networking opportunities with senior leadership, U.S. Bank team members, and interns

    Potential for a fulltime offer upon graduation into a development program

    Working Model and Hours

    This role is hybrid. Interns 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. Interns work approximately 40-hours each week during the internship.

    The Application Process

    If you are interested in applying and learning more, click on the Apply Now icon to submit your application. 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) :

  • 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
  • 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.

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