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

The xVA Trader resides within U.S. Bank’s Corporate Treasury Department and will include the following responsibilities:

Perform pre-trade pricing of xVA for derivative transactions across commodities, rates and FX asset classes

Execute xVA hedges within prescribed market risk framework in accordance with the XVA desk’s hedging strategy

Analyze and predict dynamic risk changes within the xVA portfolio

Build analytical tools to improve the efficiency and functionality of the desk across various pricing libraries, market data stores, and trade databases

Help develop and test new hedging strategies while measuring the impact on P&L /tail risk

Work closely with internal partners in middle office, market risk, credit risk, accounting and technology

Partner with sales teams to provide on-demand pricing with clear explanations

Help develop emerging pricing frameworks for capital and funding in accordance with the bank’s accounting framework and management objectives

Contribute to multiple long-term project workstreams in xVA which are essential to expanding the desk's cope

Work independently to produce tangible tools and work within a team setting to contribute to project workstreams

Additionally, this individual will:

Support the derivative sales group’s understanding of xVAs and tailor custom structuring solutions

Collaborate with the technology and quantitative teams who supports the xVA modeling effort

Communicate with management and internal risk partners regarding processes, controls, emerging risks, and hedging strategies

Contribute to projects relating to changes in regulation impacting xVAs and other aspects of the trading desk

Create business tools within Python and SQL while operating over large data sets 

Basic Qualifications

Bachelor’s degree, with a concentration in finance/math/economics

Self-motivated and detail oriented

Excellent communication and decision-making skills

Ability to work under pressure and in high paced environment

Ability to resolve complex problems in a short time frame

Strong skills in Microsoft Excel

Preferred Qualifications

Graduate degree with a quantitative focus

Knowledge of SQL, Python, and VBA

Experience using programming languages to construct business tools

Experience in financial mathematics/quantitative finance

Tag:INDMO

This role offers a hybrid/flexible schedule, which means there's an in-office expectation of 3 or more days per week and the flexibility to work outside the office location for the other days.

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

EEO is the Law

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. Applicants can learn more about the company’s status as an equal opportunity employer by viewing the federal KNOW YOUR RIGHTS EEO poster.  

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: $126,820.00 - $149,200.00 - $164,120.00

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, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.

Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.

Job postings typically remain open for approximately 20 days of the posting date listed above, however the job posting may be closed earlier should it be determined the position is no longer required due to business need. Job postings in areas with a high volume of applicants, such as customer service, contact center, and Financial Crimes investigations, remain open for approximately 5 days of the posting listed date.