Derivative Products Operations Risk Manager

U.S. Bank • Chicago, IL

1d • $124,355 - $146,300 • Hybrid

About The Position

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. We are seeking a Risk Support professional within Derivative Products Control & Operations. This role partners with various functions within Derivations Products Control & Operations, trading desks including Rates, Commodities, FX, Mortgage MSR and Credit derivative, Risk/Compliance/Audit (RCA) teams to support the development, implementation, and maintenance of an effective risk management framework. The ideal candidate brings strong business acumen, a strategic mindset, and the ability to influence stakeholders. They excel in risk management, regulatory compliance, and driving operational excellence within complex financial environments.

Requirements

• Bachelor's degree, or equivalent work experience
• Typically six or more years of related experience
• Must be U.S. Citizen not holding a visa.

Nice To Haves

• Risk and regulatory knowledge related to derivatives and capital markets
• 5+ years of risk-based finance experience
• Understanding of Basel capital governance and risk management practices
• Strong knowledge of financial regulations and industry trends
• Ability to build relationships and influence stakeholders
• Strong project management, analytical, and problem-solving skills
• Effective communication and presentation skills
• Proficiency in Microsoft Office

Responsibilities

• Maintain knowledge of derivative products, operational risk, internal controls, and reporting standards, including evolving regulations
• Partner with audit, risk (1st, 2nd, and 3rd line), compliance, data governance, and operations teams to support audits, exams, and documentation requirements
• Support the creation and review of procedures to ensure alignment with documentation standards
• Perform and document periodic control testing to meet audit requirements
• Identify control gaps and drive solutions to mitigate risk and potential losses
• Develop and implement policies and procedures aligned with regulatory and company standards

Benefits

• 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

What This Job Offers

• Job Type: Full-time
• Career Level: Senior