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U.S. Bank xVA Trader- Charlotte, NC in Charlotte, North Carolina

At U.S. Bank, we're passionate about helping customers and the communities where we live and work. The fifth-largest bank in the United States, we’re one of the country's most respected, innovative and successful financial institutions. U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors.

Job Description

xVA Trader

The position resides within U.S. Bank’s Corporate Treasury Department, this individual will:

  • Perform pre-trade pricing of xVA for derivative transactions across commodities, rates and FX asset classes with a focus on commodities

  • Execute xVA hedges within prescribed market risk framework in accordance with the XVA desk’s hedging strategy

  • Build analytical tools to improve the efficiency and functionality of the desk across various pricing libraries, market data stores, and trade databases

  • Help develop and test new hedging strategies while measuring the impact on P&L /tail risk

  • Work closely with internal partners in middle office, market risk, credit risk, accounting and technology

  • Partner with sales teams to provide on-demand pricing with clear explanations

  • Help develop emerging pricing frameworks for capital and funding in accordance with the bank’s accounting framework and management objectives

  • Contribute to multiple long-term project workstreams in xVA which are essential to expanding the desk

This individual will:

  • Support the derivative sales group’s understanding of xVAs

  • Collaborate with the technology and quantitative teams who supports the xVA modeling effort

  • Communicate with management and internal risk partners regarding processes, controls, emerging risks, and hedge P&L

  • Contribute to projects relating to changes in regulation impacting xVAs and other aspects of the trading desk

Basic Qualifications:

  • Bachelor’s degree, with a concentration in finance/math/economics

  • Self-motivated and detail oriented

  • Excellent communication and decision-making skills

  • Ability to work under pressure and in high paced environment

  • Ability to resolve complex problems in a short time frame

  • Strong skills in Microsoft Excel

Preferred Skills/Experience:

  • Graduate degree or CFA charter holder

  • Experience with commodity derivatives a plus

  • Knowledge of SQL, Python, VBA, C+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 (https://careers.usbank.com/global/en/disability-accommodations-for-applicants) .

Benefits:

Take care of yourself and your family with U.S. Bank employee benefits. We know that healthy employees are happy employees, and we believe that work/life balance should be easy to achieve. That's why we share the cost of benefits and offer a variety of programs, resources and support you need to bring your full self to work and stay present and committed to the people who matter most - your family.

Learn all about U.S. Bank employee benefits, including tuition reimbursement, retirement plans and more, by visiting careers.usbank.com .

EEO is the Law

Applicants can learn more about the company’s status as an equal opportunity employer by viewing the federal EEO is the Law (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/eeopost.pdf) poster.

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 (https://careers.usbank.com/verification-of-eligibility-for-employment) .

Due to legal requirements, U.S. Bank requires that the successful candidate hired for some positions be fully-vaccinated for COVID-19, absent being granted an accommodation due to a medical condition, pregnancy, or sincerely held religious belief or other legally required exemption. For these positions, as part of the conditional offer of employment, the successful candidate will be asked to provide proof of vaccination or approval for an accommodation or exemption upon hire.

U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors.

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