Macro Derivatives Middle Office Analyst - Operations
About The Position
Are you energized by complex financial products, fast-paced markets, and solving operational challenges that directly impact trading activity? Do you enjoy combining analytical expertise with technology to improve processes and drive results? U.S. Bank is seeking a Macro Derivatives Middle Office Analyst to join our Markets Operations team. In this highly visible role, you'll work alongside Trading, Risk Management, Technology, Finance, and Operations partners to support the daily lifecycle of complex derivatives products while helping advance automation, operational controls, and process innovation. This is an opportunity to become a trusted business partner supporting Interest Rate, FX, Options, Futures, and Treasury products within a dynamic trading environment where your expertise, judgment, and problem-solving skills will make a meaningful impact.
Requirements
- High school diploma or equivalent.
- Eight or more years of relevant work experience.
Nice To Haves
- Experience supporting derivatives trading desks within 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.
- 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.
- Experience with Calypso is a plus.
- Experience with Power BI and Power Automate is preferred.
Responsibilities
- Support the 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 key business stakeholders to resolve issues and support strategic initiatives.
- Analyze workflows and identify opportunities to increase efficiency through automation and process improvements.
- Develop and maintain VBA and Python-based tools that enhance 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 to support audit, regulatory, and governance requirements.
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
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
High school or GED
