What are the responsibilities and job description for the Derivatives Data Analytics Reporting Analyst position at U.S. Bank?
Job Details
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
SUMMARY
We are seeking a highly skilled and experienced Derivatives Data Analytics and Reporting Analyst who has a passion for financial markets and data analysis. The ideal candidate will have in-depth knowledge of rates and commodities financial markets and hands on experience working closely Derivatives Trading Desk or relevant experience in the areas of Market Data and Risk Analytics, Valuation, Quantitative Modeling and Regulative Reporting. Any knowledge in Rates derivative is a plus but not a must. In addition, the candidate should have a good understanding of various derivatives products, including swaps, basis swaps, cap/floor, and swaption. Proficiency in risk reporting and familiarity with option Greeks (VEGA, DELTA, GAMMA, THETA) is desired. Strong troubleshooting skills and technical knowledge in Python, VBA and R are highly desirable.
RESPONSIBILITIES
- Work closely with Derivatives Front Office desks to design and develop solutions for derivatives products, utilizing cross asset trading systems (Calypso) to analyze and manage derivative exposure and risk.
- Create market data and risk analytics, Profit and Loss calculation, and develop pricing and risk models.
- Design and develop complex models and tools to meet business and regulatory reporting requirements.
- Support the derivatives Middle Office operation functions
- Stay updated with industry trends and regulatory changes related to interest rate derivatives.
- Collaborate with stakeholders to identify and implement improvements in derivative trading operation.
- Collaborate with stakeholders to understand business requirements and translate them into technical solutions to support the growth and expansion of the Derivatives Product Group's businesses.
- Collaborate with internal teams to troubleshoot and resolve any issues related to rates and commodity derivatives.
REQUIRED
- Five to seven years of statistical and/or data analytics experience
- Bachelor's degree in a related field, or equivalent work experience
PREFERRED
- Master's degree in STEM (Science, Technology, Engineering or Math) or Finance or Analytic Finance or Financial Engineering, or equivalent work experience
- One to Three years of experience in data and analytics in the financial services industry
- Strong analytical and problem-solving skills.
- Excellent troubleshooting skills and ability to resolve complex issues related to derivatives products.
- Technical proficiency in Python, VBA and R is highly desirable.
- Experience with cross asset trading systems such as Calypso, Murex, or OpenLink.
- Experience with derivatives products, including swaps, basis swaps, cap/floor, and swaption.
- Experience in risk attribution and analytics with deep understanding of option Greeks (VEGA, DELTA, GAMMA, THETA).
- Excellent communication and interpersonal skills.
- Ability to work effectively in a fast-paced and dynamic environment.
- Strong attention to detail and ability to meet deadlines.
- Professional certifications in relevant areas (e.g., CFA, FRM)
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):
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: $111,095.00 - $130,700.00 - $143,770.00
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.
Job Description
SUMMARY
We are seeking a highly skilled and experienced Derivatives Data Analytics and Reporting Analyst who has a passion for financial markets and data analysis. The ideal candidate will have in-depth knowledge of rates and commodities financial markets and hands on experience working closely Derivatives Trading Desk or relevant experience in the areas of Market Data and Risk Analytics, Valuation, Quantitative Modeling and Regulative Reporting. Any knowledge in Rates derivative is a plus but not a must. In addition, the candidate should have a good understanding of various derivatives products, including swaps, basis swaps, cap/floor, and swaption. Proficiency in risk reporting and familiarity with option Greeks (VEGA, DELTA, GAMMA, THETA) is desired. Strong troubleshooting skills and technical knowledge in Python, VBA and R are highly desirable.
RESPONSIBILITIES
- Work closely with Derivatives Front Office desks to design and develop solutions for derivatives products, utilizing cross asset trading systems (Calypso) to analyze and manage derivative exposure and risk.
- Create market data and risk analytics, Profit and Loss calculation, and develop pricing and risk models.
- Design and develop complex models and tools to meet business and regulatory reporting requirements.
- Support the derivatives Middle Office operation functions
- Stay updated with industry trends and regulatory changes related to interest rate derivatives.
- Collaborate with stakeholders to identify and implement improvements in derivative trading operation.
- Collaborate with stakeholders to understand business requirements and translate them into technical solutions to support the growth and expansion of the Derivatives Product Group's businesses.
- Collaborate with internal teams to troubleshoot and resolve any issues related to rates and commodity derivatives.
REQUIRED
- Five to seven years of statistical and/or data analytics experience
- Bachelor's degree in a related field, or equivalent work experience
PREFERRED
- Master's degree in STEM (Science, Technology, Engineering or Math) or Finance or Analytic Finance or Financial Engineering, or equivalent work experience
- One to Three years of experience in data and analytics in the financial services industry
- Strong analytical and problem-solving skills.
- Excellent troubleshooting skills and ability to resolve complex issues related to derivatives products.
- Technical proficiency in Python, VBA and R is highly desirable.
- Experience with cross asset trading systems such as Calypso, Murex, or OpenLink.
- Experience with derivatives products, including swaps, basis swaps, cap/floor, and swaption.
- Experience in risk attribution and analytics with deep understanding of option Greeks (VEGA, DELTA, GAMMA, THETA).
- Excellent communication and interpersonal skills.
- Ability to work effectively in a fast-paced and dynamic environment.
- Strong attention to detail and ability to meet deadlines.
- Professional certifications in relevant areas (e.g., CFA, FRM)
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: $111,095.00 - $130,700.00 - $143,770.00
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.
Employers have access to artificial intelligence language tools (“AI”) that help generate and enhance job descriptions and AI may have been used to create this description. The position description has been reviewed for accuracy and Dice believes it to correctly reflect the job opportunity.
Salary : $111,095 - $130,700
