Financial Risk & Strategy COO

 

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

BUSINESS OVERVIEW

U.S. Bancorp Fixed Income, Currencies & Commodities (FICC) is building out a newly created Financial Risk & Strategy function to provide dedicated front-line risk management, financial resource management, and strategic oversight across the FICC businesses, including Macro (Rates / FX), Structured Credit, Working Capital Finance, Debt Capital Markets, Credit, and Commodities. This build-out coincides with U.S. Bancorp's transition across the Category II regulatory asset threshold and the integration of BTIG LLC's equities and prime brokerage capabilities, creating a highly visible mandate at the intersection of risk, finance, and strategy within Global Capital Markets.

POSITION OVERVIEW

The Chief Operating Officer is an integral member of the FICC Financial Risk & Strategy leadership team. Reporting to the Head of FICC Financial Risk & Strategy, he / she will partner with internal constituents across strategy, infrastructure, technology, compliance and risk management, change management, and cost / expenses. In the process, this role will ensure the FICC business runs efficiently and grows responsibly across sales, trading, structuring, financing, and support functions spanning Macro (Rates / FX), Structured Credit, Working Capital Finance, Debt Capital Markets, Credit, Commodities.

KEY RESPONSIBILITIES

Strategic Implementation

• Oversee technology, risk infrastructure, and system processes to support growth initiatives across FICC businesses

• Drive accountability for disciplined execution of FICC strategic priorities through KPI tracking, performance analytics, and management reporting

• Serve as primary execution partner to the Head of FICC Financial Risk & Strategy, translating strategic priorities — including the FICC Balance Sheet Council, New Business Initiatives, Financial Scorecards, Investment Planning, junior talent program, and BTIG integration.

Product and Client

• Lead FICC new product and initiative approval processes

• Perform client data analysis; create and maintain client onboarding pipeline across FICC lines of business

Resource Management

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

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

• Partner with the Financial Resource Management team on funds transfer pricing, balance sheet allocation, and broker-dealer capital initiatives

Risk Management

• Continuously improve risk governance and control processes to ensure FICC is in full compliance with regulatory requirements and U.S. Bank company policies

• Act as a key liaison amongst FICC leadership, sales, trading, structuring, 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

• Support Category II regulatory transition readiness (LCR/NSFR, FRTB, SA-CCR, CVA, CCAR) from an operating and execution lens

• Support BTIG LLC integration workstreams across FICC touchpoints

BASIC QUALIFICATIONS

• Practical knowledge of FICC products, including Rates (cash and derivatives, both cleared and bilateral), Credit, Municipals, Securitized Products, FX, Commodities, and Financing, as well as associated execution workflows and market structure evolution

• 15+ years of total experience across FICC businesses, including 3+ years in a COO, business management, strategy, or similar leadership function

• 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, and Regulatory Compliance

• Experience representing FICC lines of business in internal and external forums

• Ability and experience leading change management and transformational initiatives

PREFERRED SKILLS / EXPERIENCE

• Experience with broker-dealer capital and funding frameworks (SEC Rule 15c3-1)

• Familiarity with Category II regulatory transition requirements

• Experience with M&A integration, such as an acquired broker-dealer or prime brokerage platform

• Advanced degree or CFA / MBA

COMPENSATION

Base pay for this role usually falls within $300,000 to $350,000. Additional considerations regarding base pay levels are based on candidate qualifications. Your compensation expectations will be discussed with a U.S. Bank recruiter if you are contacted to discuss the role further

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: $174,060.00 - 212,740.00

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.