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 Chief Operating Officer for the Macro division is an integral member of the Macro leadership team. He / she will partner with internal constituents in all aspects of business strategy, infrastructure, technology, compliance and risk management, change management, and cost / expenses. In the process, this role will ensure the Macro business runs efficiently and grows responsibly across sales, trading, structuring, and support functions.

Key Responsibilities

Strategic Implementation

• Oversee technology, risk infrastructure, and system processes to support growth initiatives for Macro Division;

• Drive accountability for disciplined execution through KPI tracking, performance analytics, and management reporting

Product and Client

• Lead Macro new product and initiative approval processes;

• Perform client data analysis, create and maintain client onboarding pipeline

Resource Management

• Drive balance sheet and capital efficiency via effective partnership with Corporate Treasury, xVA functions, and Accounting Policy;

• Manage expenses while ensuring optimal resourcing to foster growth, and in the process, achieve cost-efficient and responsible scaling of the Macro business

Risk Management

• Continuously improve risk governance and control processes to ensure the Macro division is in full compliance with regulatory requirements and US Bank company policies;

• Act as a key liaison amongst Macro leadership, sales and trading, technology, operations, and risk functions to identify, escalate, and mitigate risks, including market risk, counterparty risk, operational and technology resiliency, model governance, conduct and reputational risks, etc

Basic Qualifications

• Practical knowledge of Macro products, including Cash Rates, Rate Derivatives (both cleared and bilateral), Foreign Exchange, Commodities, and Secured Funding instruments, as well as associated execution workflows and market structure evolution;

• 15+ Years of total experience in Macro (Rates, FX, Commodities, and Secured Funding), including 3+ Years in a sales, trading, or structuring function in Macro products;

• FINRA Series 7 and 63 required, Series 24 or Equivalent Preferred;

• Proven track record of collaboration with support partners including Corporate Treasury, Risk Functions, Operations, Regulatory Compliance, etc;

• Experience in representing Macro lines of business in internal and external forums;

• Ability and experience in leading change management and transformational initiatives

Preferred Skills / Experience

• Bachelor’s degree required;

• Excellent communication skills;

• Strategic, adaptive, and forward looking thinker;

• Global experience a plus

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.

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, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $143,905.00 - $169,300.00

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.