Senior Macro Trader​/Quantitative Risk Analytics

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.

The Senior Macro Options Trader / Quantitative Risk Analytics will play a critical role in US Bank’s Global Capital Markets Macro business, responsible for market-making, pricing, and risk management across options and related derivatives products. This position supports client-driven activity by executing and hedging options transactions, optimizing risk-adjusted returns, and risk management - contributing to overall desk strategy. The individual will operate within a fast-paced environment, collaborating closely with sales, research, and risk partners to deliver best‑in‑class solutions to institutional clients.

• Trading & Market-Making:
  Provide daily market-making services in macro options and related derivatives products (e.g., interest rate options, cross‑asset macro options, volatility products).
• Pricing and executing client transactions efficiently while ensuring adherence to market, regulatory, and internal risk standards.
• Manage and hedge complex options books, optimizing exposures to maximize profitability.

• Risk Management:
  
  Continuously monitor and manage trading positions, assessing market, liquidity, and counter party risks.
• Execute hedging strategies to maintain balanced risk profiles while supporting client needs and revenue objectives.
• Partner with risk management teams to ensure compliance with trading limits, stress testing requirements, and control frameworks.

• Client Engagement &
  
  Collaboration:
  
  Work closely with Sales to support institutional clients, providing insights on pricing, market color, and strategy.
• Contribute to product development, pricing enhancements, and tailored macro solutions.
• Collaborate with research analysts and strategy teams to incorporate macroeconomic trends and data signals into trading and risk management decisions.

• Analytics, Tools & Strategy:
  Maintain expertise with trading models and quantitative tools used for pricing and risk assessment.
• Provide input into desk-level strategies, identifying opportunities arising from market structure, volatility dynamics, and macroeconomic shifts.
• Support enhancements to systems, analytics, and automation initiatives.

• Required
• FINRA Series 7 and 63, NFA Associated Persons designation are required.
• Bachelor’s degree in Finance, Economics, Mathematics, Engineering, or related quantitative field.
• Significant experience (7+ years) trading macro options or related derivatives in a global markets environment.
• Proven track record in market-making, options pricing, and managing a complex derivatives book.
• Practical knowledge of SA  (Stochastic Alpha Beta Rho) and SLV (Stochastic Local Vol) models a must;
• Strong quantitative and analytical skills with deep understanding of implied volatility, yield curves, and macroeconomic drivers.
• Excellent communication, decision-making, and risk management abilities.
• Demonstrated ability to thrive in a fast-paced, client-centric environment.

• Preferred
• Advanced quantitative degree

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.

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…