Derivative Counterparty Risk Analyst

Counterparty Risk Group

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.

Job Description

Responsible for conducting pre-trade counterparty credit risk analysis for a broad range of products, including interest rate derivatives, foreign exchange (FX) derivatives, commodity derivatives, credit derivatives, and repo transactions. The role involves quantifying counterparty risk exposure through measures such as Expected Exposure (EE), Potential Future Exposure (PFE), and stressed exposure metrics to assess the potential impact of adverse market movements and counterparty default.

The analyst evaluates proposed transactions against approved credit limits, risk appetite, collateral arrangements, and regulatory requirements to ensure appropriate risk-taking and limit compliance prior to trade execution. Working closely with trading, credit, and risk management teams, the analyst identifies material risk concentrations, recommends risk mitigants where necessary, and helps ensure that counterparty credit risk is accurately measured, monitored, and controlled across the trading portfolio.

Basic Qualifications
- Bachelor's degree, or equivalent work experience
- Typically more than six years of applicable experience

Preferred Qualifications and Experience

• Bachelor's degree in Finance, Economics, Mathematics, Statistics, Engineering, Physics, Computer Science, or a related quantitative discipline, with 2-4 years of experience in counterparty risk, market risk, trading, CVA, or a related quantitative risk management function; or
• Master's degree in Finance, Financial Engineering, Mathematics, Statistics, Economics, Engineering, or a related quantitative field, with 1-2 years of relevant experience in counterparty risk, market risk, trading, CVA, or quantitative analytics.
• Strong analytical and quantitative skills with the ability to evaluate and interpret complex risk exposures.
• Understanding of counterparty credit risk concepts, including Expected Exposure (EE), Potential Future Exposure (PFE), CVA, collateral management, and netting agreements.
• Knowledge of financial products such as interest rate derivatives, FX derivatives, commodity derivatives, credit derivatives, and repo transactions.
• Ability to assess transactions against counterparty credit limits and identify material risk drivers.
• Proficiency in data analysis and risk reporting tools; experience with Python, SQL, VBA, or risk management platforms is a plus.
• Strong communication skills with the ability to present risk assessments and recommendations to trading, credit, and senior risk management stakeholders.
• Ability to work effectively in a fast-paced trading and risk management environment.

LOCATION EXPECTATIONS:  This role requires working from a U.S. Bank Location three (3) or more days per week.

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:

• 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

Review our full benefits available by employment status here.

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

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