Macro Derivatives Middle Office Analyst - Operations

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.

Are you energized by complex financial products, fast-paced markets, and solving operational challenges that directly impact trading activity? Do you enjoy combining analytical expertise with technology to improve processes and drive results?

U.S. Bank is seeking a Macro Derivatives Middle Office Analyst to join our Markets Operations team. In this highly visible role, you'll work alongside Trading, Risk Management, Technology, Finance, and Operations partners to support the daily lifecycle of complex derivatives products while helping advance automation, operational controls, and process innovation.

This is an opportunity to become a trusted business partner supporting Interest Rate, FX, Options, Futures, and Treasury products within a dynamic trading environment where your expertise, judgment, and problem‑solving skills will make a meaningful impact.

• Support the daily processing and reconciliation of macro derivatives trades across multiple products and systems.

• Monitor portfolio risk and profit-and-loss activity to ensure accuracy, transparency, and operational integrity.

• Partner with Front Office trading teams and key business stakeholders to resolve issues and support strategic initiatives.

• Analyze workflows and identify opportunities to increase efficiency through automation and process improvements.

• Develop and maintain VBA and Python-based tools that enhance reporting, reconciliation, and operational effectiveness.

• Participate in system enhancements, testing activities, and implementation initiatives.

• Serve as a subject matter expert between Front Office and downstream business partners.

• Maintain operational procedures, documentation, and controls to support audit, regulatory, and governance requirements.

• Gain exposure to a broad range of macro derivatives products, including Interest Rates, FX, Options, Futures, and Treasury products.

• Work directly with trading desks in a collaborative middle‑office environment.

• Influence automation and continuous improvement efforts using technology and data.

• Play a critical role in supporting trade activity, portfolio risk management, and operational excellence.

• Join a team where innovation, collaboration, and analytical thinking are highly valued.

3+ days in office at Chicago, IL or Charlotte, NC

Monday - Friday between 7am-5pm local time

• High school diploma or equivalent.

• Eight or more years of relevant work experience.

• Experience supporting derivatives trading desks within a middle‑office or back‑office environment.

• Strong understanding of derivatives trade processing, trade lifecycle events, and position reconciliation.

• Experience supporting interest rate derivatives, options, futures, treasury futures, and related products.

• Knowledge of international banking operations, foreign exchange products, derivatives, and applicable regulations.

• Advanced analytical, critical‑thinking, and problem‑solving skills.

• Strong communication and relationship management abilities.

• Ability to manage multiple priorities in a fast‑paced environment.

• Advanced proficiency with Microsoft…