Job DescriptionBUSINESS OVERVIEWU.S. Bancorp Fixed Income, Currencies & Commodities (FICC) is building out a newly created Financial Risk & Strategy function to provide dedicated front-line risk management, financial resource management, and strategic oversight across the FICC businesses, including Macro (Rates / FX), Structured Credit, Working Capital Finance, Debt Capital Markets, Credit, and Commodities. This build-out coincides with U.S. Bancorp's transition across the Category II regulatory asset threshold and the integration of BTIG LLC's equities and prime brokerage capabilities, creating a highly visible mandate at the intersection of risk, finance, and strategy within Global Capital Markets.
POSITION OVERVIEWReporting to the Head of FICC Financial Risk & Strategy, the Director will serve as a front-line financial risk partner to Fixed Income, Currencies & Commodities (FICC) businesses, providing oversight of market, counterparty, and credit risk exposures, limits, concentrations, and risk-adjusted returns. This role operates within the first line of defense and works in close partnership with the respective second-line Market Risk, Counterparty Risk, and Credit Risk teams to establish clear, well-governed risk boundaries, escalation protocols, and governance standards.
KEY RESPONSIBILITIESFinancial Risk Oversight- Provide first-line oversight of market, counterparty, and credit risk exposures across FICC trading desks, including limit utilization, sensitivities, VaR, stress testing, current exposure, potential future exposure, collateralization, and portfolio concentrations
- Analyze and challenge desk-level risk-taking, counterparty exposures, and credit concentrations against approved limits and risk appetite; escalate breaches, deteriorating credit quality, and emerging concentrations to senior management
- Partner with the respective second-line Market Risk, Counterparty Risk, and Credit Risk teams to establish and maintain clear first-line/second-line boundaries, escalation protocols, approval standards, and governance cadence
Capital and Financial Performance- Support the FICC Balance Sheet Council with risk-adjusted return analysis and capital decomposition by desk and product
- Partner with Finance on P&L attribution and risk-driven variance analysis
- Prepare risk commentary and materials for senior management, Finance teams, and governance forums
Regulatory and Strategic Initiatives- Contribute to FRTB, SA-CCR, and CVA capital framework implementation as they affect FICC trading books
- Support BTIG LLC integration workstreams.
BASIC QUALIFICATIONS- 8+ years of experience in financial risk management, trading risk, counterparty risk, credit risk, or a related front-line risk function at a broker-dealer or bank
- Strong grounding in financial risk frameworks, including VaR, sensitivities, stress testing, limits, counterparty exposure measurement, collateral and netting concepts, and credit assessment across rates, credit, or securitized products
- Working knowledge of FRTB, SA-CCR, CVA, and related regulatory capital frameworks
- Bachelor's degree required; advanced degree or CFA / FRM / PRM designation preferred
- Demonstrated ability to operate across first- and second-line functions with strong stakeholder management skills
- FINRA Series 7 and 63 licenses required, or ability to obtain within a defined onboarding period
- Excellent written and verbal communication skills, with experience preparing materials for senior management
PREFERRED SKILLS / EXPERIENCE- Advanced degree or CFA / FRM / PRM designation
- Experience with FICC financial risk across market, counterparty, and credit risk for Macro (Rates / FX), Structured Credit, Working Capital Finance, Debt Capital Markets, Credit, or Commodities businesses
- Experience supporting Category II regulatory transition, broker-dealer integration, or trading-book capital transformation
COMPENSATION & BENEFITSBase pay for this role usually falls within $250,000 to $300,000. Additional considerations regarding base pay levels are based on candidate qualifications. Your compensation expectations will be discussed with a U.S. Bank recruiter if you are contacted to discuss the role further.
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.
