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U.S. Bank Counterparty Credit Risk Analyst 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 Description

U.S. Bank is seeking a counterparty credit risk analyst to implement analytical projects related to firmwide counterparty strategic initiatives. 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 project management, on-going maintenance of counterparty risk and stress testing models and assumptions; publishing stress test results 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, and 10 or more years of experience in counterparty/market risk management OR

  • Master’s of PhD degree in quantitative field, and six or more years of experience counterparty/market risk management.

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.


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 (https://www.usbank.com/careers/index.html) .

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 (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/eeopost.pdf) poster.


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 (https://www.usbank.com/careers/verification-of-eligibility-for-employment.html) .

Our 74,000 employees work across departments to help our millions of retail, business, wealth management, payment, commercial and corporate, and investment services customers across the country and around the world turn their dreams into reality. Our employees are empowered to create change and drive our future, and we pride ourselves on diligently and ethically upholding U.S. Bank’s best-in-class financial record and legacy of more than 150 years in banking. Most importantly, we put people first, cultivating and treasuring meaningful relationships with the customers we serve, the colleagues we support and the communities where we live and work.