Product Owner - Operations Foreign Exchange/FX

$95,285 - $112,100/Yr

US Bank - Chicago, IL

Full-time - Mid Level

Chicago, IL

10,001+ employees

Credit Intermediation and Related Activities

About the position

The Product Owner for Foreign Exchange (FX) at U.S. Bank is responsible for partnering with FX front-office stakeholders to drive the evolution of FX products. This role involves working closely with Agile teams to maintain and refine the product backlog, create user stories, and prioritize tasks to maximize business value. The Product Owner acts as the primary liaison between the business and Agile teams, ensuring alignment on product vision and strategy while employing product management practices such as customer research and data analytics.

Responsibilities

• Partner closely with internal and external customers, the business line, and Agile teams to drive product evolution.
• Maintain and refine the product backlog; create user stories and acceptance criteria, prioritizing stories for maximum business value.
• Act as the primary liaison between the business and Agile teams, ensuring understanding of product vision.
• Work hands-on with the development team to address daily prioritization needs and provide real-time feedback.
• Collaborate with Product Management to set release dates and communicate tradeoffs between schedule, scope, and budget.
• Employ product management practices including customer research, data analytics, and market research.

Requirements

• Three to five years of related experience.
• Bachelor's degree or equivalent work experience.

Nice-to-haves

• Foreign Exchange/FX market knowledge with understanding of currency pairs and exotic currencies.
• Awareness of global currency markets and factors impacting currency prices.
• Knowledge of spot, forward, and swap markets within FX.
• Familiarity with FX options and derivatives used for hedging or speculation.
• Understanding of liquidity management and interactions with central banks and market makers.
• Regulatory knowledge in FX including MiFID II and Dodd-Frank.
• Awareness of AML/KYC requirements specific to FX trading.
• Knowledge of Basel III requirements affecting capital and liquidity management in FX operations.
• Understanding of counterparty risk and credit risk in FX transactions.
• Expertise in using FX trading platforms and familiarity with Bloomberg and Reuters Eikon.
• Understanding of API integration between FX trading platforms and back-office systems.
• Proficiency in Excel and SQL for analyzing large datasets.

Benefits

• 401(k)
• 401(k) matching
• Adoption assistance
• Dental insurance
• Disability insurance
• Flexible schedule
• Health insurance
• Paid vacation
• Paid holidays
• Short-term and long-term disability
• Pregnancy disability and parental leave
• Sick and Safe Leave accruals