Derivative Products Operations Risk Manager

U.S. Bank

Risk Manager at U.S. Bank enhancing risk management for derivative products and operations.

Posted 6/12/2026full-timeChicago • Illinois, North Carolina • 🇺🇸 United StatesMid-LevelSenior💰 $124,355 - $146,300 per yearWebsite

About the role

Key responsibilities & impact

Maintain knowledge of derivative products, operational risk, internal controls, and reporting standards, including evolving regulations
Partner with audit, risk (1st, 2nd, and 3rd line), compliance, data governance, and operations teams to support audits, exams, and documentation requirements
Support the creation and review of procedures to ensure alignment with documentation standards
Perform and document periodic control testing to meet audit requirements
Identify control gaps and drive solutions to mitigate risk and potential losses
Develop and implement policies and procedures aligned with regulatory and company standards

Requirements

What you’ll need

Bachelor's degree, or equivalent work experience
Typically six or more years of related experience
Risk and regulatory knowledge related to derivatives and capital markets
5+ years of risk-based finance experience
Understanding of Basel capital governance and risk management practices
Strong knowledge of financial regulations and industry trends
Ability to build relationships and influence stakeholders
Strong project management, analytical, and problem-solving skills
Effective communication and presentation skills
Proficiency in Microsoft Office

Benefits

Comp & perks

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

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Hard Skills & Tools

risk managementregulatory compliancecontrol testingpolicy developmentprocedure documentationfinancial regulationsBasel capital governanceanalytical skillsproblem-solving skillsproject management

Soft Skills

relationship buildingstakeholder influenceeffective communicationpresentation skills