Head of Macro

 

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

The Head of Macro is a senior leadership role responsible for setting and executing the firm’s macro strategy across rates, FX, commodities within Global Capital Markets.  This role is responsible for overseeing daily market-making activities for US Bank’s Macro business within Global Capital Markets and will further modernize US Bank’s existing pricing and risk infrastructure, while increase revenue capture from client-driven transactions in an efficient and responsible manner.

Key Responsibilities

Revenue Growth

• Implement pricing tools and risk infrastructure to accelerate, monetize, and risk-manage client transactions;

• Create market-making strategies consistent with expected client demand;

• Monitor market conditions, analyze trends and data, lead by example in making informed trading decisions;

• Promote collaborative sales and trading interactions, participate in key client events to market the firm’s execution capabilities

Risk Management 

• Closely adhere to US Bank’s existing risk management and governance processes;

• Ensure sound risk management practices (limit adherence) are followed by the entire Macro trading organization;

• Collaborate with Quantitative Analytics to ensure accuracy of pricing curves and volatility surfaces;

• Partner with Risk Infrastructure and Technology to promote resiliency of Macro trading platforms

Basic Qualifications 

• FINRA Series 7, 63, and 24, NFA Associated Persons designation are required;  

• 20+ years of experience in Macro market-making and leadership roles at a large universal or investment bank;

• Deep product expertise in Macro cash, derivative (both linear and non-linear), and financing instruments in terms of modeling and risk management;

• Proven track record of risk management and regulatory compliance through changing market environments and regimes;

• History of collaboration with internal partners and stakeholders including Sales, Middle Office, Risk Functions, Technology, Corporate Treasury, and Investment Portfolio;

• Proven track record of talent development and retention

Preferred Skills / Experience

• Bachelor’s degree required, advanced quantitative degree a plus

• Strong communication skills and existing relationships with large Corporate and Institutional clients a plus

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:

• 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

Review our full benefits available by employment status here.

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.

E-Verify

U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program.

The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $274,295.00 - $322,700.00

U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.

Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.

Posting may be closed earlier due to high volume of applicants.