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 Managing Director, Head of Macro Trading & Risk Analytics, is responsible for leading the Macro trading business within Global Capital Markets. This role oversees all market‑making, pricing, and risk‑taking activities across Macro products, while modernizing the firm’s pricing and risk analytics infrastructure. The leader will drive client‑focused revenue generation, strengthen governance, and ensure a resilient and scalable Macro trading platform that operates with discipline, integrity, and sound risk management.

Key Responsibilities

Revenue Growth & Market‑Making

• Develop and execute market‑making strategies aligned with client demand, market structure, and macroeconomic outlook.
• Implement advanced pricing tools, analytics, and automation to increase pricing efficiency and enhance monetization of client flows.
• Lead by example in evaluating market conditions, interpreting trends, and making informed, risk‑aligned trading decisions.
• Partner closely with Sales to deepen client engagement and showcase the firm’s trading and execution capabilities at key client events and senior meetings.

Risk Management & Infrastructure

• Ensure strict adherence to established risk limits, governance frameworks, and regulatory requirements across the Macro trading organization.
• Oversee day‑to‑day supervisory responsibilities and promote a strong culture of accountability, conduct, and risk discipline.
• Partner with risk management teams to ensure compliance with trading limits, stress testing requirements, and control frameworks.

Basic Qualifications

• FINRA Series 7, 63, and 24, and NFA Associated Persons designation (required).
• Bachelor’s degree in Finance, Economics, Mathematics, Engineering, or related quantitative field.
• Extensive experience (7+ years) trading macro options or related derivatives in a global markets environment.
• Proven record in market-making, options pricing, and managing a complex derivatives book.
• Deep expertise in Macro cash products, linear and non‑linear derivatives, and financing instruments, including modeling and risk management.
• Proven record of effective risk management, limit adherence, and regulatory engagement across changing market environments.
• Demonstrated success partnering with internal stakeholders such as Sales, Middle Office, Risk, Technology, Corporate Treasury, and Investment Portfolio.
• Ability to articulate strategy, market views, and risk considerations to senior stakeholders and external partners.
• History of talent development, team leadership, and retention in high‑performance trading environments.

Preferred Skills & Experience

• Advanced quantitative or technical degree preferred.
• Experience leading digital, analytical, or automation initiatives within Macro markets.

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.

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.