xVA Trader

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.

JOB DESCRIPTION

The xVA Trader resides within U.S. Bank’s Corporate Treasury Department and will include the following responsibilities:

• Perform pre-trade pricing of xVA for derivative transactions across commodities, rates and FX asset classes
• Execute xVA hedges within prescribed market risk framework in accordance with the XVA desk’s hedging strategy
• Analyze and predict dynamic risk changes within the xVA portfolio
• 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’s cope
• Work independently to produce tangible tools and work within a team setting to contribute to project workstreams

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 QUALIFICATIONS

• Graduate degree with a quantitative focus
• Knowledge of SQL, Python, and VBA
• Experience using programming languages to construct business tools
• Experience in financial mathematics/quantitative finance
  Tag:INDMO

THIS ROLE OFFERS A HYBRID/FLEXIBLE SCHEDULE, WHICH MEANS THERE’S AN IN-OFFICE EXPECTATION OF 3 OR MORE DAYS PER WEEK AND THE FLEXIBILITY TO WORK OUTSIDE THE OFFICE LOCATION FOR THE OTHER DAYS.

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.

The xVA Trader resides within U.S. Bank’s Corporate Treasury Department and will include the following responsibilities:

• Perform pre-trade pricing of xVA for derivative transactions across commodities, rates and FX asset classes
• Execute xVA hedges within prescribed market risk framework in accordance with the XVA desk’s hedging strategy
• Analyze and predict dynamic risk changes within the xVA portfolio
• 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’s cope
• Work independently to produce tangible tools and work within a team setting to contribute to project workstream

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