Macro Data Analytics Reporting Analyst - Operations

U.S. Bank; Chicago (IL); Hybrid; USD 124,000 - 146,000; Full time

Benefits offered by this job

Healthcare (medical, dental, vision)

401(k) and retirement plan

Paid vacation and holidays

Job summary

U.S. Bank is seeking a skilled Derivatives Data Analytics Reporting Analyst to join its Macro Markets team in Chicago. You will analyze rates and FX markets, develop data-driven risk analytics, and build pricing models to support trading and regulatory reporting.

The role requires strong technical skills in Python, VBA, and R, and familiarity with Calypso and Wall Street Systems (ION). The successful candidate will collaborate with front-office traders and middle-office teams to translate

Qualifications

• Bachelor's degree in a related field and 6–8 years of statistical and/or data analytics experience.
• Experience with cross-asset trading systems such as Calypso, Wall Street Systems (ION).
• Technical proficiency in Python, VBA and R is highly desirable.

Responsibilities

• 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.

Skills

Statistical data analytics

Python

VBA

R

Education

Bachelor's degree in a related field

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.

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

• A unique opportunity to work closely with trading desks and gain direct exposure to: 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.

You’ll play a key role in helping the business understand market behavior, monitor risk, identify opportunities, and make data‑driven decisions that support the growth of the Macro Markets business.

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. If you're energized by financial markets, intrigued by derivatives, and excited by the challenge of turning complex data into business value, we encourage you to apply.

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 products, including swaps, basis swaps, cap/floor, and swaption.
• Experience in risk attribution and analytics with deep understanding of option Greeks (VEGA, DELTA, GAMMA, THETA).
• Excellent communication and interpersonal skills.
• Ability to work effectively in a fast‑paced and dynamic environment.
• Strong attention to detail and ability to meet deadlines.
• Professional certifications in relevant areas (e.g., CFA, FRM) are a plus.

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 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 the E-Verify program.

Pay Range: $124,355.00 - $146,300.00

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.

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 you excel at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One.