Derivative Products Operations Risk Manager
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
We encourage growth – and reward the journey
We are seeking a Risk Support professional within Derivative Products Control & Operations. This role partners with various functions within Derivations Products Control & Operations, trading desks including Rates, Commodities, FX, Mortgage MSR and Credit derivative, Risk/Compliance/Audit (RCA) teams to support the development, implementation, and maintenance of an effective risk management framework.
The ideal candidate brings strong business acumen, a strategic mindset, and the ability to influence stakeholders. They excel in risk management, regulatory compliance, and driving operational excellence within complex financial environments.
What You’ll Do
Maintain knowledge of derivative products, operational risk, internal controls, and reporting standards, including evolving regulations
Partner with audit, risk (1st, 2nd, and 3rd line), compliance, data governance, and operations teams to support audits, exams, and documentation requirements
Support the creation and review of procedures to ensure alignment with documentation standards
Perform and document periodic control testing to meet audit requirements
Identify control gaps and drive solutions to mitigate risk and potential losses
Develop and implement policies and procedures aligned with regulatory and company standards
What Makes This Role Unique
High visibility impact – your work directly supports audit outcomes and regulatory compliance
Niche expertise growth – build deep knowledge in derivatives and capital markets
Cross-functional influence – collaborate with audit, risk, compliance, and operations leaders
Problem-solving environment – navigate complex, evolving regulatory and financial challenges
Schedule & Location
Monday - Friday 8:00am-5:00pm local time
Charlotte or Chicago
Hybrid 3+ days in office
Basic Qualifications
Bachelor's degree, or equivalent work experience
Typically six or more years of related experience
Preferred Skills/Experience
Risk and regulatory knowledge related to derivatives and capital markets
5+ years of risk-based finance experience
Understanding of Basel capital governance and risk management practices
Strong knowledge of financial regulations and industry trends
Ability to build relationships and influence stakeholders
Strong project management, analytical, and problem-solving skills
Effective communication and presentation skills
Proficiency in Microsoft Office
Why Join Us
You’ll be part of a team that values precision, collaboration, and continuous learning, with the opportunity to build expertise in one of the most complex and impactful areas of financial services.
This position is not eligible for visa sponsorship. Must be U.S. Citizen not holding a visa.
Location Expectations
This role requires working from a U.S. Bank location three (3) or more days per week.
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: $124,355.00 - $146,300.00U.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.
