Macro Data Analytics Reporting Analyst - Operations

US Bank; Chicago (IL); Hybrid; USD 120,000 - 150,000; Full time

Job summary

U.S. Bank is seeking a Derivatives Data Analytics Reporting Analyst to join the Macro product teams. You will analyze rates and FX markets, build data-driven insights, and support regulatory reporting and risk analytics.

The role requires hands-on experience with Python, VBA, and R, and familiarity with cross-asset trading systems such as Calypso and Wall Street Systems. Hybrid work in Chicago with strong collaboration across front, middle, and risk functions.

Qualifications

• Bachelor's degree in a related field or equivalent work experience.
• Master's degree preferred in STEM, Finance, Analytic Finance or Financial Engineering or equivalent.
• Strong analytical and problem-solving skills; capable of practical solutions.

Responsibilities

• Work closely with MACRO Front Office desks to design and develop solutions for Rates and FX products.
• Create market data and risk analytics, P&L calculation, and develop pricing and risk models.
• Design and develop complex models and tools to meet regulatory reporting requirements.
• Support the Macro Middle Office operation functions.
• Stay updated with industry trends and regulatory changes related to interest rate derivatives.
• Collaborate with stakeholders to translate business requirements into technical solutions.

Skills

Strong analytical and problem-solving

Excellent troubleshooting

Python

VBA

R

Education

Bachelor's degree in a related field

Master's degree in STEM or Finance or Analytic Finance or Financial Engineering

Tools

Calypso

Wall Street Systems (ION)

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

Shape the Future of Macro Markets Through Data

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 Macro product teams 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.

We are seeking a highly skilled and experienced Derivatives Data Analytics Reporting Analyst who has a passion for financial markets and data analysis. The ideal candidate will have in-depth knowledge of Rates and FX financial markets and hands‑on experience working closely with a Rates or FX Trading Desk or relevant experience in the areas of Market Data and Risk Analytics, Valuation, Quantitative Modeling and Regulative Reporting.

In addition, the candidate should have a good understanding of various derivatives products, including swaps, basis swaps, cap/floor, and swaption. Proficiency in risk reporting and familiarity with option Greeks (VEGA, DELTA, GAMMA, THETA) is desired.

Strong troubleshooting skills and technical knowledge in Python, VBA and R are highly desirable.

What You'll Do

• Work closely with the MACRO Front Office desks to design and develop solutions for Rates and FX products, utilizing cross asset trading systems (Calypso) to analyze and manage the portfolio's exposure and risk.
• Create market data and risk analytics, Profit and Loss calculation, and develop pricing and risk models.
• Design and develop complex models and tools to meet business and regulatory reporting requirements.
• Support the Macro Middle Office operation functions
• Stay updated with industry trends and regulatory changes related to interest rate derivatives.
• Collaborate with stakeholders to identify and implement improvements in derivative trading operation.
• Collaborate with stakeholders to understand business requirements and translate them into technical solutions to support the growth and expansion of the MACRO markets.
• Collaborate with internal teams to troubleshoot and resolve any issues related to financial derivatives.

Why This Role Stands Out

• Foreign Exchange (FX) and Interest Rate markets
• Derivatives products, including swaps, swaptions, basis swaps, caps, and floors
• Quantitative research and financial analytics
• Market risk reporting and attribution
• Product development and support initiatives
• Large-scale data engineering and analytics projects
• Trading infrastructure and cross-asset platforms

Why U.S. Bank?

At U.S. Bank, you'll find opportunities to stretch your skills, build meaningful relationships, and contribute to transformative work. You'll work alongside talented professionals who are passionate about solving complex challenges and shaping the future of financial services through data, analytics, and innovation.

Work Environment

Hybrid 3+days in Chicago South La Salle Location

Monday - Friday 9am or 10am CST start time

This role is not eligible for visa sponsorship. Candidates must be U.S. Citizens and not hold any type of Visa.

Basic Qualifications

• Bachelor's degree in a related field, or equivalent work experience
• Six to eight years of statistical and/or data analytics experience

Preferred Skills/Experience

• Master's degree in STEM (Science, Technology, Engineering or Math) or Finance or Analytic Finance or Financial Engineering, or equivalent work experience
• Strong analytical and problem-solving skills.
• Excellent troubleshooting skills and ability to resolve complex issues related to derivatives products.
• Technical proficiency in Python, VBA and R is highly desirable.
• Experience with cross-asset trading systems such as Calypso, Wall Street Systems (ION).
• Experience with derivatives produ