Financial Risk & Strategy Director

Us Bank; Minneapolis (MN); On-site; USD 250,000 - 300,000; Full time

Benefits offered by this job

Healthcare

401(k) plan

Paid vacation

Disability insurance

Life insurance

Job summary

U.S. Bank is seeking a Director to serve as a front-line financial risk partner for Fixed Income, Currencies & Commodities (FICC).

You will oversee market, counterparty, and credit risk exposures, ensuring governance standards and risk boundaries are maintained, in collaboration with risk teams across the organization. You will contribute to capital decomposition, P&L attribution discussions, and regulatory initiatives like FRTB/SA-CCR, while engaging with senior management and stakeholders with

Qualifications

• 8+ years of experience in financial risk management or related front-line risk function.
• Strong grounding in VaR, sensitivities, stress testing, limits, and credit assessment.
• Knowledge of FRTB, SA-CCR, CVA and related regulatory capital frameworks.
• Bachelor's degree required; advanced designation preferred.

Responsibilities

• Provide first-line oversight of market, counterparty, and credit risk exposures across FICC trading desks.
• Analyze risk-taking and breaches; escalate to senior management when needed.
• Partner with second-line risk teams to maintain governance and escalation cadence.
• Support risk-adjusted return analysis and capital decomposition by desk/product.
• Prepare risk commentary for senior management and governance forums.

Skills

Financial risk management

VaR & stress testing

Regulatory capital frameworks

Stakeholder management

First-line risk control

Communication skills

Education

Bachelor's degree

CFA / FRM / PRM designation

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

BUSINESS OVERVIEW

U.S. Bancorp Fixed Income, Currencies & Commodities (FICC) is building out a newly created Financial Risk & Strategy function to provide dedicated front-line risk management, financial resource management, and strategic oversight across the FICC businesses, including Macro (Rates / FX), Structured Credit, Working Capital Finance, Debt Capital Markets, Credit, and Commodities. This build-out coincides with U.S. Bancorp's transition across the Category II regulatory asset threshold and the integration of BTIG LLC's equities and prime brokerage capabilities, creating a highly visible mandate at the intersection of risk, finance, and strategy within Global Capital Markets.

POSITION OVERVIEW

Reporting to the Head of FICC Financial Risk & Strategy, the Director will serve as a front-line financial risk partner to Fixed Income, Currencies & Commodities (FICC) businesses, providing oversight of market, counterparty, and credit risk exposures, limits, concentrations, and risk-adjusted returns. This role operates within the first line of defense and works in close partnership with the respective second-line Market Risk, Counterparty Risk, and Credit Risk teams to establish clear, well-governed risk boundaries, escalation protocols, and governance standards.

KEY RESPONSIBILITIES

Financial Risk Oversight

• 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; elevate 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

Capital and Financial Performance

• 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

Regulatory and Strategic Initiatives

• Contribute to FRTB, SA-CCR, and CVA capital framework implementation as they affect FICC trading books

• Support BTIG LLC integration workstreams.

BASIC QUALIFICATIONS

• 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; advanced degree or CFA / FRM / PRM designation preferred

• 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

PREFERRED SKILLS / EXPERIENCE

• 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

COMPENSATION & BENEFITS

Base pay for this role usually falls within $250,000 to $300,000. Additional considerations regarding base pay levels are based on candidate qualifications. Your compensation expectations will be discussed with a U.S. Bank recruiter if you are contacted to discuss the role further.

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:

Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following:

• 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 law.

E-Verify

U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about E-Verify program.

Pay Range: $152,370.00 - 186,230.00

U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.

Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.

Posting may be closed earlier due to high volume of applicants.