Business Analyst - Operations Derivatives Products

at  US Bank National Association

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.

SUMMARY

U.S. Bank is seeking a Derivatives Products Operations Business Analyst with relevant experience that will contribute toward the success of our operational initiatives in the interest rates and commodities space. This position reports to the Head of Derivatives Operations and will partner with business line, operations, technology, and compliance stakeholders to implement and maintain the operational solutions necessary to support the Swap Dealer rates and commodity business. The Business Analyst will perform client onboarding, confirmations, settlements, and reporting processes. The Operations Business Analyst will also participate in various ad hoc projects, such as system upgrades and testing. The ideal candidate should help Head of Operations to identify automation opportunities and areas of improvements while performing daily tasks.

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.
• Define and document business procedures when necessary.
• 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.
• Work closely with other members of the DPG Operations team in a collaborative environment.

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 la