2026 Capital Markets Summer Intern - Derivative Product Group

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 at-all 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.

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.

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 : $32.21 - $42.93

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.