Derivative Counterparty Risk Analyst

US Bank; New York (NY); Hybrid; USD 120,000 - 180,000; Full time

Benefits offered by this job

Healthcare benefits

401(k) plan

Paid vacation and holidays

Disability insurance

Parental leave

Job summary

U.S. Bank seeks a Counterparty Risk Analyst to perform pre-trade credit risk analysis of derivatives, repos and related products. You will quantify EE, PFE, and stressed exposures, review limits and collateral, and ensure risk controls prior to trade execution.

You will work with trading, credit and risk teams to identify concentrations and propose mitigants in a fast-paced environment, requiring strong analytical and communication skills.

Qualifications

• Bachelor's degree or equivalent work experience required.
• Strong analytical and quantitative skills with ability to evaluate complex risk exposures.
• Experience with counterparty risk concepts and financial products is preferred.

Responsibilities

• Conduct pre-trade counterparty credit risk analysis for diverse products.
• Quantify exposure using EE, PFE, and stressed metrics to assess market impact.
• Evaluate transactions against limits, collateral, and regulatory requirements.
• Collaborate with trading, credit and risk teams to identify risk concentrations and mitigants.

Skills

Analytical skills

Quantitative skills

Python

SQL

VBA

Risk reporting

Communication skills

Understanding EE/PFE/CVA

Education

Bachelor's degree in Finance, Economics, Mathematics, Statistics, Engineering, Physics, Computer Science, or related quantitative discipline

Master's degree in Finance, Financial Engineering, Mathematics, Statistics, Economics, Engineering, or related quantitative field

Tools

Python

SQL

VBA

Risk management platforms

Job description

At U.S. Bank, we're on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at-all from Day One.

Job Description

Counterparty Risk Group

The counterparty credit risk management function is responsible for the management and control of counterparty risk at US Bank. The group provides independent review of counterparty risk across the business, producing detailed analysis of the derivative portfolio for internal and external constituents and manage the control framework under which counterparty risk is governed.

Job Description

Responsible for conducting pre-trade counterparty credit risk analysis for a broad range of products, including interest rate derivatives, foreign exchange (FX) derivatives, commodity derivatives, credit derivatives, and repo transactions. The role involves quantifying counterparty risk exposure through measures such as Expected Exposure (EE), Potential Future Exposure (PFE), and stressed exposure metrics to assess the potential impact of adverse market movements and counterparty default.

The analyst evaluates proposed transactions against approved credit limits, risk appetite, collateral arrangements, and regulatory requirements to ensure appropriate risk-taking and limit compliance prior to trade execution. Working closely with trading, credit, and risk management teams, the analyst identifies material risk concentrations, recommends risk mitigants where necessary, and helps ensure that counterparty credit risk is accurately measured, monitored, and controlled across the trading portfolio.

Basic Qualifications

• Bachelor's degree, or equivalent work experience
• Typically more than six years of applicable experience

Preferred Qualifications and Experience

• Bachelor's degree in Finance, Economics, Mathematics, Statistics, Engineering, Physics, Computer Science, or a related quantitative discipline, with 2-4 years of experience in counterparty risk, market risk, trading, CVA, or a related quantitative risk management function ; or
• Master's degree in Finance, Financial Engineering, Mathematics, Statistics, Economics, Engineering, or a related quantitative field, with 1-2 years of relevant experience in counterparty risk, market risk, trading, CVA, or quantitative analytics .
• Strong analytical and quantitative skills with the ability to evaluate and interpret complex risk exposures.
• Understanding of counterparty credit risk concepts, including Expected Exposure (EE), Potential Future Exposure (PFE), CVA, collateral management, and netting agreements .
• Knowledge of financial products such as interest rate derivatives, FX derivatives, commodity derivatives, credit derivatives, and repo transactions .
• Ability to assess transactions against counterparty credit limits and identify material risk drivers.
• Proficiency in data analysis and risk reporting tools; experience with Python, SQL, VBA, or risk management platforms is a plus.
• Strong communication skills with the ability to present risk assessments and recommendations to trading, credit, and senior risk management stakeholders.
• Ability to work effectively in a fast-paced trading and risk management environment.

LOCATION EXPECTATIONS

This role requires working from a U.S. Bank Location three (3) or more days per week.

If there's anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants .

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
• Review our full benefits available by employment status here .

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable la