Derivative Products Operations Risk Manager

Posted 13 Hours Ago
Be an Early Applicant
3 Locations
In-Office
112K-131K Annually
Senior level
Fintech
The Role
Support development and maintenance of risk management framework for derivative products. Partner with trading desks, audit, compliance, and operations to perform control testing, identify gaps, implement policies and procedures, and ensure regulatory compliance to mitigate operational and financial risk.
Summary Generated by Built In

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 DescriptionWe encourage growth – and reward the journey

We are seeking a Risk Support professional within Derivative Products Control & Operations. This role partners with various functions within Derivations Products Control & Operations, trading desks including Rates, Commodities, FX, Mortgage MSR and Credit derivative, Risk/Compliance/Audit (RCA) teams to support the development, implementation, and maintenance of an effective risk management framework.

The ideal candidate brings strong business acumen, a strategic mindset, and the ability to influence stakeholders. They excel in risk management, regulatory compliance, and driving operational excellence within complex financial environments.

What You’ll Do

  • Maintain knowledge of derivative products, operational risk, internal controls, and reporting standards, including evolving regulations

  • Partner with audit, risk (1st, 2nd, and 3rd line), compliance, data governance, and operations teams to support audits, exams, and documentation requirements

  • Support the creation and review of procedures to ensure alignment with documentation standards

  • Perform and document periodic control testing to meet audit requirements

  • Identify control gaps and drive solutions to mitigate risk and potential losses

  • Develop and implement policies and procedures aligned with regulatory and company standards

What Makes This Role Unique

  • High visibility impact – your work directly supports audit outcomes and regulatory compliance

  • Niche expertise growth – build deep knowledge in derivatives and capital markets

  • Cross-functional influence – collaborate with audit, risk, compliance, and operations leaders

  • Problem-solving environment – navigate complex, evolving regulatory and financial challenges

Schedule & Location

  • Monday - Friday 8:00am-5:00pm local time

  • Charlotte, Chicago, Earth City

  • Hybrid 3+ days in office

Basic Qualifications

  • Bachelor's degree, or equivalent work experience

  • Typically six or more years of related experience

Preferred Skills/Experience

  • Risk and regulatory knowledge related to derivatives and capital markets

  • 5+ years of risk-based finance experience

  • Understanding of Basel capital governance and risk management practices

  • Strong knowledge of financial regulations and industry trends

  • Ability to build relationships and influence stakeholders

  • Strong project management, analytical, and problem-solving skills

  • Effective communication and presentation skills

  • Proficiency in Microsoft Office

Why Join Us

You’ll be part of a team that values precision, collaboration, and continuous learning, with the opportunity to build expertise in one of the most complex and impactful areas of financial services.

This position is not eligible for visa sponsorship. Must be U.S. Citizen not holding a visa.

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: 

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 the E-Verify program.

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: $111,605.00 - $131,300.00

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.

Skills Required

  • Bachelor's degree or equivalent work experience
  • Six or more years of related experience
  • Knowledge of derivative products, operational risk, internal controls, and reporting standards
  • Proficiency in Microsoft Office
  • Must be U.S. citizen (position not eligible for visa sponsorship)
  • Hybrid work on-site three or more days per week in Charlotte, Chicago, or Earth City
  • Risk and regulatory knowledge related to derivatives and capital markets
  • 5+ years of risk-based finance experience
  • Understanding of Basel capital governance and risk management practices
  • Strong project management, analytical, and problem-solving skills
  • Effective communication and presentation skills; ability to build relationships and influence stakeholders
  • Strong knowledge of financial regulations and industry trends

US Bank Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about US Bank and has not been reviewed or approved by US Bank.

  • Retirement Support The package pairs a pension with a matched 401(k), strengthening long‑term financial security. Retirement programs and other financial safeguards are presented as comprehensive.
  • Leave & Time Off Breadth Paid vacation, sick time, numerous holidays, and dedicated volunteer hours provide meaningful time away. Additional time off with tenure and options to expand PTO bolster flexibility.
  • Healthcare Strength Medical, dental, and vision coverage with HSA/FSA options and wellness resources are described as robust. Health insurance is characterized as top‑notch in multiple descriptions.

US Bank Insights

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The Company
HQ: Minneapolis, MN

What We Do

We believe in putting people first, and our dedication to making ethical decisions and doing the right thing is at the heart of what we do. We're proud to be named by Ethisphere as a 2018 World's Most Ethical Company.

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