Macro Derivatives Middle Office Analyst - Operations
About The Position
U.S. Bank is seeking a Macro Derivatives Middle Office Analyst to join its Markets Operations team. The role supports the daily lifecycle of complex derivatives products and works with Trading, Risk Management, Technology, Finance, and Operations partners. The analyst supports Interest Rate, FX, Options, Futures, and Treasury products in a trading environment, contributing to operational controls, automation, and process improvements. The role is based at a U.S. Bank location in Chicago, Illinois, or Charlotte, North Carolina, and requires working in the office three or more days per week. The schedule is Monday through Friday between 7 a.m. and 5 p.m. local time.
Requirements
- High school diploma or equivalent.
- Eight or more years of relevant work experience.
- Advanced analytical, critical-thinking, and problem-solving skills.
- Strong communication and relationship management abilities.
- Ability to manage multiple priorities in a fast-paced environment.
- Advanced proficiency with Microsoft Office applications.
- Demonstrated experience using VBA and Python to automate processes, develop reporting solutions, or improve operational workflows.
Nice To Haves
- Experience supporting derivatives trading desks in a middle-office or back-office environment.
- Strong understanding of derivatives trade processing, trade lifecycle events, and position reconciliation.
- Experience supporting interest rate derivatives, options, futures, treasury futures, and related products.
- Knowledge of international banking operations, foreign exchange products, derivatives, and applicable regulations.
- Experience with Calypso.
- Experience with Power BI and Power Automate.
Responsibilities
- Support daily processing and reconciliation of macro derivatives trades across multiple products and systems.
- Monitor portfolio risk and profit-and-loss activity to ensure accuracy, transparency, and operational integrity.
- Partner with Front Office trading teams and business stakeholders to resolve issues and support strategic initiatives.
- Analyze workflows and identify opportunities to improve efficiency through automation and process improvements.
- Develop and maintain VBA- and Python-based tools for reporting, reconciliation, and operational effectiveness.
- Participate in system enhancements, testing activities, and implementation initiatives.
- Serve as a subject matter expert between Front Office and downstream business partners.
- Maintain operational procedures, documentation, and controls supporting audit, regulatory, and governance requirements.
Benefits
- Healthcare coverage, including medical, dental, and vision insurance.
- Basic term and optional term life insurance.
- Short-term and long-term disability coverage.
- Pregnancy disability and parental leave.
- 401(k) and employer-funded retirement plan.
- Paid vacation of 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 hours worked, up to 80 hours per calendar year unless otherwise provided by law.
- Incentive and recognition programs.
- Equity stock purchase, 401(k) contribution, and pension, subject to eligibility requirements.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
Education Level
High school or GED
