US Bank - Chicago, IL

posted 2 months ago

Full-time - Mid Level
Chicago, IL
Credit Intermediation and Related Activities

About the position

The Business Risk Professional 3 - Swap Data Reporting Analyst at U.S. Bank plays a crucial role in the organization's risk management structure, which is designed to promote effective governance and risk management that is systematic, transparent, credible, timely, and verifiable. This position is integral to assessing and managing various risks that may impact the company, including credit, financial, liquidity, market, operational, reputational, strategic, and other relevant risks. The analyst will report directly to the Derivatives and FX Compliance Support Manager and will collaborate with other Business Risk Professionals to execute processes that support an effective risk management framework. Key responsibilities include performing validation and reconciliation of reportable swaps traded by the Bank, as defined by CFTC regulation and industry practice. The analyst will also communicate and collaborate with both internal and external stakeholders to research and resolve exceptions, ensuring compliance with applicable federal, state, and local laws and regulations. Additionally, the role involves interacting directly with management, including the escalation of issues as appropriate, and participating in special projects and activities that enhance compliance. The analyst will also assist in training lower-level and/or new staff, contributing to the overall development of the team. This position requires a proactive approach to risk management and a commitment to maintaining the highest standards of compliance and governance. The ideal candidate will thrive in a dynamic environment and be comfortable with ambiguity, demonstrating well-developed analytical, problem-solving, and critical thinking skills. Attention to detail and effective communication skills are essential for success in this role, as is proficiency in various Microsoft products and familiarity with capital markets and regulatory requirements for swap data reporting.

Responsibilities

  • Perform validation and reconciliation of reportable swaps traded by the Bank, as defined by CFTC regulation and industry practice
  • Communicate and collaborate with internal and external stakeholders to research and resolve exceptions
  • Interact directly with management, including escalation of issues as appropriate
  • Participate in special projects and/or activities that ensure compliance with applicable federal, state and local laws and regulations
  • Assist in training lower level and/or new staff

Requirements

  • Bachelor's degree, or equivalent work experience
  • 2-3 years of applicable experience

Nice-to-haves

  • Knowledge and understanding of Foreign Exchange and Interest Rate asset classes, and derivatives
  • Familiarity with capital markets and the regulatory requirements for timely, complete, and accurate reporting for FX and OTC Derivatives products (17 CFR Parts 43 and 45)
  • Maintain currency with industry changes, including applicable laws, rule amendments, regulatory expectations and trends, DTCC technical specifications, and other industry-wide initiatives that may have a material impact on swap data reporting
  • Well-developed analytical, problem solving, and critical thinking skills
  • Comfortable with ambiguity
  • Detail-orientated
  • Effective oral and written communication skills
  • Proficient computer navigation skills, particularly word processing, spreadsheets, databases, and presentations
  • Proficiency with Microsoft products (such as Word, Excel, Outlook, Teams, OneNote, Planner, SharePoint, and OneDrive) is a plus
  • Experience supporting procedure writing and/or training

Benefits

  • 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
© 2024 Teal Labs, Inc
Privacy PolicyTerms of Service