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U.S. Bank · 2 hours ago

Commodity Derivatives Products Operations Analyst

Chicago, IL

Full-time

Onsite

Mid, Senior Level

$98K/yr - $116K/yr

6+ years exp

U.S. Bank is on a journey to help customers and businesses make better financial decisions. They are seeking a Commodity Derivatives Products Operations Analyst who will contribute to operational initiatives in the derivatives space, focusing on client onboarding, settlements, and process improvements.

BankingFinancial ServicesInsuranceMortgageWealth Management

Responsibilities

Contribute to Back Office responsibilities including client onboarding, confirmations, settlements and cash reconciliations etc

Demonstrate deep understanding of commodity derivatives markets with in-depth knowledge of various derivative products (Swaps, Caps/Floors/Collars and Futures) including understanding of market price setting and cash payment calculations

Demonstrate deep understanding of ISDA Definitions related to Confirmations

Hand on experience to build various processes and reporting and familiar with technology required to troubleshoot and resolve trade, cash settlement, confirmation and system configuration issues

Produce innovative ways to refine processes as a means of improving efficiencies allowing for both Commodity derivatives Front & Back Office to adapt to the growing needs of the business

Demonstrated ability to Lead multiple special projects and/or activities designed to resolve pain points for Front, Middle or Back Office teams, including Confirmation template development, Settlements, Reporting and application upgrades

Collaborate with teams across Derivative Trading Front Office, Technology & Operations Services, Compliance, Legal, Market Risk Management, Treasury, and Finance, to ensure transparent and aligned objectives with seamless resolution delivery

Define and document business requirements and procedures to ensure all business rules are applied consistently across different technology solutions and user interfaces

Act as liaison between Commodity derivatives Front Office and Development, tracking and identifying open issues for upcoming Agile Sprint deliveries

Act as Business Line stakeholder accountable for validating test requirements in lower environments while simultaneously creating and testing a personal suite of test cases to ensure product deliverables meet expectations prior to go-live

Represent Back Office in both internal and external audits demonstrating operational understanding and compliance with various rules and regulations including Dodd-Frank, Volcker and Sarbanes-Oxley

Successfully on-board and train staff ensuring they can support the daily needs of the business

Create and lead training and development programs conducted across various organizations within the bank specific to building the knowledge and understanding of derivatives

Process onboarding, settlement, confirmation, and configuration tasks as necessary in support of the Derivatives Products Group Rates and Commodity/Energy trading activity

Qualification

Commodity derivatives knowledgeBack Office operationsSettlements experienceUAT testingExcel FunctionsCalypso proficiencyProcess improvementHighly organizedProject managementRelationship buildingCollaboration skillsNegotiation skillsSelf-motivated

Required

Bachelor's degree, or equivalent work experience

Typically six or more years of related experience