U.S. Bank Business Process Advisor - Swap Data Reporting in Omaha, Nebraska
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.
Business Process Advisor - Swap Data Reporting
The organization's risk management structure is designed to promote effective governance and risk management that is systematic, transparent, credible, timely, and verifiable through clear delineation and execution of key roles and responsibilities.
Its goal is to assess and/or manage risks that may impact the company, including credit, financial, liquidity, market, operational, reputational, strategic, and other risks as appropriate.
The Business Process Advisor - Swap Data Reporting reports to the VP Derivatives and FX Compliance Support and will partner with their assigned Line of Business, other Business Risk Professionals, and Business Risk Managers to, depending on their function, create, implement, maintain, review or oversee an effective risk management framework.
Duties may include:
Coordination of special projects and/or activities that ensure compliance with applicable federal, state and local laws and regulations
Define and participate in processes for validation and reconciliation of reportable swaps traded by the Bank, as defined by CFTC regulation and industry practice
Identify gaps and inform solutions that minimize losses resulting from inadequate internal processes, systems or human errors
Actively identify, respond and/or escalate risks as appropriate
Inform policies, procedures, and controls in an effort to maximize profit potential and minimize regulatory exposure
Collaborate with Technology & Operations Services, Compliance, Legal, Risk & Control and business line managers to ensure transparent and aligned objectives
Serve as a functional liaison between the Business Line and the Lines of Defense, including compliance and audit, and may occasionally engage with legal contacts and/or regulators
Act as subject matter expert for reporting regulations and related industry practices
Bachelor's degree, or equivalent work experience
7-10 years of applicable experience
Applicable professional certifications
Swap Data Reporting
Thorough knowledge and understanding of Foreign Exchange and Interest Rate asset classes, and derivatives
Familiarity with capital markets middle office, and the regulatory requirements for timely, complete, and accurate reporting for FX and OTC Derivatives products (17 CFR Parts 43 and 45)
Basic understanding of the Depository Trust and Clearing Corporation (DTCC) framework for swaps reporting
Familiarity with CGI Object Charlie, Calypso, and/or Numerix Wallstreet FX applications strongly preferred
Basic knowledge of Business Risk competencies
Ability to proactively identify potential gaps, escalate appropriately, and assist with corrective action
Maintain currency with industry changes, including applicable laws, rule amendments, regulatory expectations and trends, DTCC technical specifications, and other industry-wide initiatives that may have a material impact on swap data reporting
Foster awareness and understanding of compliance and risk management best practises with operations partners
Experience with audit/regulatory issue management, response, and escalation
Demonstrated experience in the successful implementation of operational process change and improvement, preferably within capital markets operations
Strong process facilitation and project management skills
Strong presentation, relationship building, collaboration, and negotiation skills
Monitor and coordinate multiple project workstreams simultaneously
Self-motivated, highly organised, and able to work independently without direct supervision
Well-developed analytical, problem solving, and critical thinking skills
Comfortable with ambiguity
Ability to build and manage a team of Business Risk professionals who have credibility and work directly with business line management, as appropriate
Possess business acumen and credibility to proactively identify and address changing workforce needs
Effective oral and written communication skills
Proficient computer navigation skills, particularly word processing, spreadsheet, databases, and presentations
Proficiency with Microsoft products (such as Word, Excel, Outlook, Teams, OneNote, Planner, SharePoint, and OneDrive) is a plus
Advanced skills with spreadsheet formulas, pivot tables, macros, etc. is a plus
Proficiency with database tools (ex. Microsoft Access, SQL, etc.) is a plus
Knowledge of U.S. Bank’s operations, systems, and practices
Experience supporting procedure writing and maintenance processes
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) .
Learn how the way we work at U.S. Bank (https://assets.phenompeople.com/CareerConnectResources/prod/UBNAGLOBAL/documents/Thewaywework-1666895142717.pdf) drives meaningful relationships with our customers and collaboration across the company.
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
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 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. Applicants can learn more about the company’s status as an equal opportunity employer by viewing the federal KNOW YOUR RIGHTS (https://eeoc.gov/sites/default/files/2023-06/22-088_EEOC_KnowYourRights6.12ScreenRdr.pdf) EEO poster.
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) .
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, US Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401k contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $111,010.00 - $130,600.00 - $143,660.00
U.S. Bank will consider qualified applicants with criminal histories in a manner consistent with the San Francisco Fair Chance Ordinance.
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