Financial Risk & Strategy Director

U.S. Bank • Charlotte, NC

1d • Onsite

About The Position

U.S. Bancorp Fixed Income, Currencies & Commodities (FICC) is establishing a new Financial Risk & Strategy function to manage financial risk, financial resources, and strategic oversight for its various businesses. This initiative is driven by U.S. Bancorp's growth and integration of new capabilities, making it a significant role within Global Capital Markets. The Director will act as a front-line financial risk partner for FICC, overseeing market, counterparty, and credit risk exposures, limits, concentrations, and risk-adjusted returns. This role collaborates closely with second-line risk teams to ensure robust risk boundaries, escalation processes, and governance standards.

Requirements

• 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.
• 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.

Nice To Haves

• 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.

Responsibilities

• 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.
• 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.
• Contribute to FRTB, SA-CCR, and CVA capital framework implementation as they affect FICC trading books.
• Support BTIG LLC integration workstreams.

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: Director