Financial Risk & Strategy Director
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 FICC businesses. This initiative is driven by U.S. Bancorp's growth and integration of new capabilities, creating a significant role at the intersection of risk, finance, and strategy 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 is part of the first line of defense and will collaborate closely with second-line risk teams to ensure robust risk boundaries, escalation processes, and governance.
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
- Incentive and recognition programs
- Equity stock purchase
- Pension (all benefits are subject to eligibility requirements)
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What This Job Offers
Job Type
Full-time
Career Level
Director
