Non-Quant Market Risk Governance & Volcker Program Analyst
About The Position
Market Risk Management operates within the second line of defense and reports to the U.S. Bancorp Chief Risk Officer. The function provides independent oversight, governance, monitoring, and control of trading market risk across Capital Markets, Mortgage, Balance Sheet, and the Volcker Program Office. The team ensures market risk is managed in alignment with regulatory expectations, internal policies, and the company’s risk appetite. The Market Risk Governance & Volcker Analyst is a key contributor to the Market Risk Management team, supporting governance, program execution, regulatory engagement, and risk reporting activities. This role partners closely with senior team members and cross-functional stakeholders to help maintain a strong and effective market risk governance framework. This individual will support day-to-day governance processes, assist in coordination across functions, and contribute to strategic and regulatory initiatives, including integration work related to BTIG and the ongoing enhancement of market risk oversight processes.
Requirements
- Bachelor's degree, or equivalent work experience
- Typically more than six years of applicable experience
- Degree in Accounting, Finance, Economics, Business, or related field
- Experience in market risk, risk management, capital markets, or trading support
- Basic understanding of market risk frameworks and governance practices
- Familiarity with capital markets products (fixed income, derivatives, FX)
- Strong organizational and analytical skills
- Ability to work in a team environment and support multiple priorities
- Effective communication and stakeholder coordination skills
- Experience with regulatory, audit, or control functions is a plus
- Exposure to Volcker Rule, governance frameworks, or risk/control processes preferred
Responsibilities
- Support Market Risk Governance and Volcker Program activities, contributing to the execution of a strong second line governance framework.
- Partner with Market Risk team members to assist with governance, reporting, and cross-functional coordination.
- Assist in review and challenge processes related to Market Risk and Volcker Program activities, including: limit monitoring and reporting, limit overage tracking and escalation support, issues management and remediation tracking, Enterprise Compliance Risk Assessment (ECRA), Risk and Control Self-Assessments (RCSA), model/tool governance coordination.
- Support maintenance and enhancement of governance processes, policies, procedures, and reporting routines.
- Assist in preparation and coordination of materials for senior management committees and governance forums.
- Participate in working groups and cross-functional initiatives, helping to evaluate market risk impacts.
- Build working relationships with Trading, Treasury, Compliance, Operations, Finance, Technology, Model Risk, and Audit teams.
- Support regulatory exams, internal reviews, and audit engagements by gathering information and assisting with responses.
- Help identify process improvement opportunities and support implementation of solutions.
- Contribute to enterprise and business-line initiatives impacting Market Risk, including new activities and regulatory changes.
- Support BTIG integration efforts, including governance processes, reporting, and coordination activities.
- Assist with project workstreams and support team priorities as needed.
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
- 401(k) contribution and pension
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
