U.S. Bank Derivatives Counterparty Analyst - Remote in Chicago, Illinois
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 DescriptionU.S. Bank is seeking a counterparty credit risk analyst to implement analytical projects related to firmwide counterparty strategic initiatives. The focus will be on commodities derivatives. The counterparty credit risk management function is responsible for the management and control of counterparty risk at US Bank. The group provides independent review of counterparty risk across the business, producing detailed analysis of the derivative portfolio for internal and external constituents and manage the control framework under which counterparty risk is governed.
Responsibilities include but not limited to implementation of PFE modeling of commodities and other derivative products, developing stress testing models and conduct periodic analysis. Working with treasury and other key stakeholders, develop and maintain counterparty risk capital metrics and corresponding returns; ad-hoc analysis on wide varieties of risk analytic projects; On-going counterparty surveillance and monitoring; and working closely with front office on exposures, trading activities and limit breaches.
The person will also model various products in vendor model. Develop and maintain wide varieties of stress testing scenarios (in addition to firm wide stress tests) across various probability spectrum covering historical, hypothetical and forward-looking approaches. Assist broader group in sizing stress test limits and establishing governance around it.
Basic Qualifications - Bachelor’s degree in a quantitative field required with at least 10 years of relevant experience, or - MA/MS with 6+ years of related experience, or - PhD with 5+ years of related experience.
Preferred Skills/Experience A Bachelor's / Master's degree or higher in a quantitative field such as finance, mathematics, engineering, physics, computer science, or statistics
Strong knowledge and understanding of financial markets/products and derivatives valuation
Working experience with counterparty risk modeling and systems OR market risk OR front office modeling
Working experience of managing large scale projects impacting the entire organization.
Experience with working with internal developers, Data Sourcing team and external vendors to build infrastructure necessary to implement the pricing methodologies
Drive improvements in stress testing, and various limit frameworks around concentration and liquidity.
Investigate a portfolio or a strategy to understand the drivers of performance and develop a report that summarizes the risk profile, facilitates efficient risk management, and improves understanding of portfolio construction and investment behavior
Strong technical skills required Excel/VBA at a minimum and Python or SQL advantageous.
Skilled at independently researching topics using all means available to discover relevant information
Strong communication and interpersonal skills. Will be collaborating with different quant teams, technology and data management partners, and various business stakeholders
Self-starter with the ability to maintain momentum and multi-task is paramount, seeking guidance where necessary
Ability to work in a team environment
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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Salary range reflected is an estimate of base pay and is for the primary location. Base pay range may vary if an offer is made for work in a different location. Pay Range: $130,730.00 - $153,800.00 - $169,180.00
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.