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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

**Product Implementation:** The individual will be focused on new commodity product implementation. Will support broader counterparty risk team in launching over a dozen commodities products. The launch and implementation will include integration of these products into counterparty risk models by configuring them appropriate and ensuring all the required tests are done. The individual will also support in developing technical implementation document as required by model regulation. More details as follows:

+ Extensive testing is done on valuations and model outputs for exposure.

+ Data will be evaluated for availability and solutions are pursued for data not readily available.

+ Coordination is done with Model Development and Validation teams, with extensive discussions on model selection and back testing results.

+ Code changes are done to automate reporting, both on receiving trade data, ensuring sufficient information is obtained, and on submitting data to RiskMetrics model, which requires formatting and testing of the inputs into their models.

**Daily Monitoring of Limits:** The monitoring of limits involves both daily reporting of executed trades and also the analysis of exposure before trading, as needed.

+ For pre-trade analysis, new trades are formatted for RiskMetrics and existing trades for the client are compiled, with the combined list of trades evaluated. This work is time sensitive.

**Monitoring of model performance and exposures:** In conjunction with quarterly monitoring by the model development team, the CCR team also analyzes model output and identifies issues that may arise outside of the quarterly monitoring scope.

+ Identifying the quoted futures bug is one example of the analysis done by CCR. For any issues, an overlay must be researched, documented and implemented.

+ Certain issues may only arise in different market environments, certain variations of trades or at the counterparty level. Attention to detail must be paid for all such circumstances and proactively recognizing issues is critical for risk management.

**Overlay Management:** Will assist in developing overlay methods when needed.

Additional Products:

+ Will assist in risk management of other derivatives products such as the credit derivatives, ETFs, mortgage TBAs, bond futures, sponsored secured lending.

+ As the bank continues to grow in size, regulatory attention will also increase and the bank must proactively dedicate sufficient resources in risk management to all transactions, not just the largest portfolios.

+ Will also assist in the growth of Rates and FX products requiring similar implementation and monitoring needs as described above for commodities.

Intercompany Reporting and Analysis

**Reg W** : Will help in monitoring intrer affiliate monitoring gained new attention as this is an oversight from Fed. This monitoring will be outside of US bank’s true counterparty risk monitoring (third party). Reg W will become more important as US bank does lot more inter affiliate transaction in connection with host of new activity including hedging new issuance by US Bank.

Basic Qualifications

- Bachelor’s degree in a quantitative field, and five or more years of relevant experience OR

- MA/MS in a quantitative field, and three or more years of related experience

OR

- PhD in a quantitative field, and less than two years of related experience

Preferred Skills/Experience

- 3+ years of experience in capital markets, industry experience within the specific sector of the position, or a combination of both

- Required bachelor’s degree or higher in a quantitative field such as mathematics, engineering, physics, or statistics

- MBA preferred

- Required strong Python & SQL

- Experience financial modeling and strong understanding of stochastic processes

- Experience building an efficient large scale and complex market data operations/end to end market data engineering processes in a sales and trading environment

- Experience working with quant teams developing market data management systems which allow for efficient data retrieving to optimize modeling approaches

- Experience in the development and implementation of quantitative methods for data quality checks and remediation techniques including statistical data filling methods and proxying

- Understanding of how market data impacts the downstream uses

- Counterparty credit risk and CVA

- Understanding of major market data sources (e.g., Bloomberg, Reuters, Markit)

- Market data object construction methods for curves and volatility surfaces

- Risk factor types across asset classes

- Market data related to regulatory requirements

- 3+ yrs experience in quantitative or complex data management field

- Experience working with large scale and complex data management systems

- Proficient in Python and SQL (reading and writing queries)

The 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 (https://careers.usbank.com/global/en/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

E-Verify

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: $117,725.00 - $138,500.00 - $152,350.00

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.

Posting may be closed earlier due to high volume of applicants.