Quantitative Strategist - Commodities

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.

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The Quantitative Strategist is a front‑office quantitative professional responsible for supporting the design, development, and implementation of pricing, risk, and analytics models with a focus on commodity derivatives businesses. As part of the Global Capital Markets strategic buildout initiative, the role will join a newly established FICC analytics team focused on delivering high‑quality analytical support to trading and sales partners across business lines.

The position will work as a desk‑aligned quantitative partner in daily trading and risk management activities, while collaborating closely with Risk Oversight, Technology, and Model Governance teams to help integrate proprietary models into a holistic, real‑time securities risk platform. Strong communication skills and the ability to operate effectively in a collaborative, regulated environment are essential.

• Support research on commodities markets and develop practical understanding of no‑arbitrage pricing and rates modeling techniques under the guidance of senior team leadership.
• Develop quantitative models and simulate trading strategies for commodity derivatives products.
• Develop futures and forward price curve methodologies for commodity derivatives across crude oil, natural gas, metals, and electricity power markets.
• Develop pricing models for commodity Asian options, basket options, electricity power forward agreements, precious metals products, and metal leasing agreements.
• Value exchange‑traded futures and options products and support associated pricing and risk analytics.
• Participate in the development of the Fixed Income Analytics Platform and support the integration of quantitative models into risk systems.
• Collaborate with Model Validation and Risk Oversight teams throughout model approval and post‑approval monitoring processes, and support activities required for regulatory examinations.
• Partner with Technology teams in the integration, testing, and implementation of proprietary pricing and risk models.

• Ph.D. in Mathematics, Physics, Engineering, or a related quantitative discipline.
• Strong knowledge of mathematical finance, stochastic calculus, neural‑network modeling, and machine learning methodologies.
• One to three years of experience as a front‑office quantitative strategist at a major financial institution.

• Strong programming skills in C++ and Python.
• Demonstrated ability to work effectively with trading, risk, technology, and governance partners in support of front‑office quantitative modeling and analytics objectives.
• Strong written and verbal communication skills are required.

Pay Range: $ - $.

• 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

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.