Derivative Counterparty Risk Analyst

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The counter party credit risk management function is responsible for the management and control of counter party risk at US Bank. The group provides independent review of counter party risk across the business, producing detailed analysis of the derivative portfolio for internal and external constituents and manage the control framework under which counter party risk is governed.

Responsible for conducting pre-trade counter party credit risk analysis for a broad range of products, including interest rate derivatives, foreign exchange (FX) derivatives, commodity derivatives, credit derivatives, and repo transactions. The role involves quantifying counter party risk exposure through measures such as Expected Exposure (EE), Potential Future Exposure (PFE), and stressed exposure metrics to assess the potential impact of adverse market movements and counter party default.

The analyst evaluates proposed transactions against approved credit limits, risk appetite, collateral arrangements, and regulatory requirements to ensure appropriate risk‑taking and limit compliance prior to trade execution.

Working closely with trading, credit, and risk management teams, the analyst identifies material risk concentrations, recommends risk mitigants where necessary, and helps ensure that counter party credit risk is accurately measured, monitored, and controlled across the trading portfolio.

• Bachelor's degree, or equivalent work experience
• Typically more than six years of applicable experience

• Bachelor's degree in Finance, Economics, Mathematics, Statistics, Engineering, Physics, Computer Science, or a related quantitative discipline, with 2-4 years of experience in counter party risk, market risk, trading, CVA, or a related quantitative risk management function; or Master's degree in Finance, Financial Engineering, Mathematics, Statistics, Economics, Engineering, or a related quantitative field, with 1-2 years of relevant experience in counter party risk, market risk, trading, CVA, or quantitative analytics.
• Strong analytical and quantitative skills with the ability to evaluate and interpret complex risk exposures.
• Understanding of counter party credit risk concepts, including Expected Exposure (EE), Potential Future Exposure (PFE), CVA, collateral management, and netting agreements.
• Knowledge of financial products such as interest rate derivatives, FX derivatives, commodity derivatives, credit derivatives, and repo transactions.
• Ability to assess transactions against counter party credit limits and identify material risk drivers.
• Proficiency in data analysis and risk reporting tools; experience with Python, SQL, VBA, or risk management platforms is a plus.
• Strong communication skills with the ability to present risk assessments and recommendations to trading, credit, and senior risk management stakeholders.
• Ability to work effectively in a fast‑paced trading and risk management environment.

This role requires working from a U.S. Bank Location three (3) or more days per week. If there’s anything we can do to accommodate a disability during any portion of the application or…