Swap Data Reporting Analyst

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.

Job Description

We are seeking a highly skilled Swap Data Analyst to support our Capital Market products. The organization's risk management structure is designed to promote effective governance and risk management that is systematic, transparent, credible, timely, and verifiable through clear delineation and execution of key roles and responsibilities. Its goal is to assess and/or manage risks that may impact the company, including credit, financial, liquidity, market, operational, reputational, strategic, and other risks as appropriate. The Business Risk Professional will partner with their assigned Line of Business, other Business Risk Professionals, and Business Risk Managers to, depending on their function, create, implement, maintain, review or oversee an effective risk management framework.

An ideal candidate have experience in analyzing and managing complex swaps data, with a deep understanding in derivatives, interest rates, foreign exchange , and capital market products. An deal candidate will also have time management, organizational, accuracy and integrity in processing swap data.

Key Responsibilities:​

• Perform validation and reconciliation of reportable swaps traded by the Bank, as defined by CFTC regulation and industry practice.

• Communicate and collaborate with internal and external stakeholders to research and resolve exceptions.

• May identify gaps and inform solutions that minimize losses resulting from inadequate internal processes, systems or human errors.

• Interact directly with management, including escalation of issues as appropriate.

• Participate in special projects and/or activities that ensure compliance with applicable federal, state and local laws and regulations.

• Assist in training lower level and/or new staff.

Basic Qualifications

• 2-3 years of applicable experience

• Bachelor's degree, or equivalent work experience

Preferred Skills/Experience

• Knowledge and understanding of Foreign Exchange and Interest Rate asset classes, and derivatives.

• Familiarity with capital markets and the regulatory requirements for timely, complete, and accurate reporting for FX and OTC Derivatives products (17 CFR Parts 43 and 45)

• Maintain currency with industry changes, including applicable laws, rule amendments, regulatory expectations and trends, DTCC technical specifications, and other industry-wide initiatives that may have a material impact on swap data reporting.

• Well-developed analytical, problem solving, and critical thinking skills.

• Comfortable with ambiguity

• Detail-orientated.

• Effective oral and written communication skills

• Proficient computer navigation skills, particularly word processing, spreadsheets, databases, and presentations

• Proficiency with Microsoft products (such as Word, Excel, Outlook, Teams, OneNote, Planner, SharePoint, and OneDrive) is a plus.

• Experience supporting procedure writing and/or training.

Location Expectations

The role offers a hybrid/flexible schedule, which means there's an in-office expectation of 3 or more days per week and the flexibility to work outside the office location for the other days.

If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants.

Benefits: 

Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following (some may vary based on role, location or hours):

• Healthcare (medical, dental, vision)

• Basic term and optional term life insurance

• Short-term and l