U.S. Bank Quantitative Derivatives Analyst in New York, New York
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-Primary responsibility is support and development of derivatives models and analytics tools, derivatives pricing and hedging operations with specific focus on the complex quantitative methods employed in the valuation and associated risk mitigation. Analyst will be able to contribute to the full life-cycle development and conduct optimal hedge analysis to support the desk. In addition, the incumbent will be responsible for the proper implementation and maintenance of all selected valuation models within an object oriented programming environment including but not limited to model testing, monitoring and creation of model documentation. -Additionally, the candidates quantitative/computational skills may be leveraged as needed for other pricing and analysis needs.
Basic Qualifications - Bachelor’s degree in a quantitative field required with at least 8 years of relevant experience in quantitative modeling, model validation, or financial consulting – OR – - Master’s degree with typically 5+ years of experience in quantitative modeling, model validation, or financial consulting – OR – - PhD with typically 4+ years of experience in quantitative modeling, model validation, or financial consulting.
Preferred Qualifications - 5+ years of experience, preferably with financial engineering - Knowledge and experience with option pricing methodologies and derivatives valuation - Strong knowledge of fixed income derivatives - Familiarity with energy (oil & gas) derivatives pricing and hedging - Understanding of credit derivatives, credit risk and valuation adjustments (XVAs) - Experience coding in C++, C#, .Net, java or with a scientific computing language such as Matlab, Python, etc. - Proven success writing code within visual studio or a comparable - Strong data manipulation skills (i.e. SQL, xml data, python scripting etc…) - Experience utilizing server based calculation solutions, experience with Numerix a plus - Familiarity with pricing multiple asset classes individually and within hybrid models (i.e. fixed income, foreign exchange, equity, etc.) - Excellent written and verbal communication skills
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.
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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.