Macro Derivatives Middle Office Analyst Operations

At U.S. Bank were 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 atall from Day One.

Are you energized by complex financial products fast-paced markets and solving operational challenges that directly impact trading activity Do you enjoy combining analytical expertise with technology to improve processes and drive results

U.S. Bank is seeking a Macro Derivatives Middle Office Analyst to join our Markets Operations this highly visible role youll work alongside Trading Risk Management Technology Finance and Operations partners to support the daily lifecycle of complex derivatives products while helping advance automation operational controls and process innovation.

This is an opportunity to become a trusted business partner supporting Interest Rate FX Options Futures and Treasury products within a dynamic trading environment where your expertise judgment and problem-solving skills will make a meaningful impact.

What Youll Do

• Support the daily processing and reconciliation of macro derivatives trades across multiple products and systems.
• Monitor portfolio risk and profit-and-loss activity to ensure accuracy transparency and operational integrity.
• Partner with Front Office trading teams and key business stakeholders to resolve issues and support strategic initiatives.
• Analyze workflows and identify opportunities to increase efficiency through automation and process improvements.
• Develop and maintain VBA and Python-based tools that enhance reporting reconciliation and operational effectiveness.
• Participate in system enhancements testing activities and implementation initiatives.
• Serve as a subject matter expert between Front Office and downstream business partners.
• Maintain operational procedures documentation and controls to support audit regulatory and governance requirements.

Why This Role Stands Out

• Gain exposure to a broad range of macro derivatives products including Interest Rates FX Options Futures and Treasury products.
• Work directly with trading desks in a collaborative middle-office environment.
• Influence automation and continuous improvement efforts using technology and data.
• Play a critical role in supporting trade activity portfolio risk management and operational excellence.
• Join a team where innovation collaboration and analytical thinking are highly valued.

Location: 3 days in office at Chicago IL or Charlotte NC

Schedule: Monday - Friday between 7am-5pm local time

Qualifications

Basic Qualifications

• High school diploma or equivalent.
• Eight or more years of relevant work experience.

Preferred Qualifications

• Experience supporting derivatives trading desks within a middle-office or back-office environment.
• Strong understanding of derivatives trade processing trade lifecycle events and position reconciliation.
• Experience supporting interest rate derivatives options futures treasury futures and related products.
• Knowledge of international banking operations foreign exchange products derivatives and applicable regulations.
• Advanced analytical critical-thinking and problem-solving skills.
• Strong communication and relationship management abilities.
• Ability to manage multiple priorities in a fast-paced environment.
• Advanced proficiency with Microsoft Office applications.
• Demonstrated experience using VBA and Python to automate processes develop reporting solutions or improve operational workflows.
• Experience with Calypso is a plus.
• Experience with Power BI and Power Automate is preferred.

Location Expectations

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

If theres anything we can do to accommodate a disability during any portion of the application or hiring process please refer to ourdisability 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. Thats 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 theE-Verify program.

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.