US Bank Business Analyst - Operations Derivatives Products 

United States, Illinois, Chicago 

579360043

Job Description

RESPONSIBILITIES

- Process onboarding, settlement, confirmation, and configuration tasks as necessary in support of the Derivatives Products Group (DPG) Rates and Commodity trading activity.

- Input and maintain client data.

- Manually update system-generated confirmations.

- Review and archive incoming confirmations.

- Publish reports related to confirmation activity and outstanding confirmations.

- Review and approve settlements activity.

- Resolve settlement issues.

- Publish reports related to settlement activity and outstanding settlements.

- Run and/or review various reports relating to DPG Operation tasks.

- Demonstrate basic understanding of interest rate and commodity derivatives and become familiar with the various product type (swaps, caps/floors/collars and futures) including understanding of price/rate settings and cash payment calculations.

- Become familiar with ISDA Definitions related to confirmations.

- Be familiar with technology to troubleshoot and resolve trade, cash settlement, confirmation and system configuration issues.

- Collaborate with teams across Derivative Trading Front Office, Technology & Operations Services, Compliance, Legal, Market Risk Management, Treasury, and Finance to deliver necessary objectives as required.

- Assist Operation Manager to enhance various processes and reporting.

- Act as Business Line stakeholder responsible for defining and documenting business requirements while simultaneously creating and testing a suite of test cases to ensure product deliverables meet expectations prior to upgrades.

- Assist Operations manager with internal and external audits.

- Demonstrate operational understanding and compliance with various rules and regulations including Dodd-Frank, Volcker and Sarbanes-Oxley.

- 4+ years of related experience.
- Bachelor's degree or equivalent work experience.

In-depth knowledge and working experience of energy and commodity market, asset classes, various derivative products offered and an inquisitive mind.

Strong understanding of Calypso or similar trading platform and how to navigate the software to batch files, track trade execution and reporting, execute on-demand reports.

Proficient ability to write, troubleshoot and implement Excel Macro enabled tools to improve process efficiencies.

Advanced proficiency with Excel Functions and VBA Knowledge.

Demonstrated experience in the successful implementation of operational process change and improvement within capital markets operations.

Self-motivated, highly organized, and able to work independently without direct supervision.

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 (some may vary based on role, location or hours):

• 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

EEO is the Law

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 .

The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $73,695.00 - $86,700.00 - $95,370.00

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.

Job postings typically remain open for approximately 20 days of the posting date listed above, however the job posting may be closed earlier should it be determined the position is no longer required due to business need. Job postings in areas with a high volume of applicants, such as customer service, contact center, and Financial Crimes investigations, remain open for approximately 5 days of the posting listed date.