Financial Risk & Strategy Director

Business Overview

U.S. Bancorp Fixed Income, Currencies & Commodities (FICC) is building out a newly created Financial Risk & Strategy function to provide dedicated front-line risk management, financial resource management, and strategic oversight across the FICC businesses, including Macro (Rates / FX), Structured Credit, Working Capital Finance, Debt Capital Markets, Credit, and Commodities. This build-out coincides with U.S. Bancorp's transition across the Category II regulatory asset threshold and the integration of BTIG LLC's equities and prime brokerage capabilities, creating a highly visible mandate at the intersection of risk, finance, and strategy within Global Capital Markets.

Position Overview

Reporting to the Head of FICC Financial Risk & Strategy, the Director will serve as a front-line financial risk partner to Fixed Income, Currencies & Commodities (FICC) businesses, providing oversight of market, counterparty, and credit risk exposures, limits, concentrations, and risk-adjusted returns. This role operates within the first line of defense and works in close partnership with the respective second-line Market Risk, Counterparty Risk, and Credit Risk teams to establish clear, well-governed risk boundaries, escalation protocols, and governance standards.

Key Responsibilities

• Financial Risk Oversight: Provide first-line oversight of market, counterparty, and credit risk exposures across FICC trading desks, including limit utilization, sensitivities, VaR, stress testing, current exposure, potential future exposure, collateralization, and portfolio concentrations; analyze and challenge desk-level risk-taking, counterparty exposures, and credit concentrations against approved limits and risk appetite; escalate breaches, deteriorating credit quality, and emerging concentrations to senior management; partner with the respective second-line Market Risk, Counterparty Risk, and Credit Risk teams to establish and maintain clear first-line/second-line boundaries, escalation protocols, approval standards, and governance cadence.
• Capital and Financial Performance Support: Support the FICC Balance Sheet Council with risk-adjusted return analysis and capital decomposition by desk and product; partner with Finance on P&L attribution and risk-driven variance analysis; prepare risk commentary and materials for senior management, Finance teams, and governance forums.
• Regulatory and Strategic Initiatives: Contribute to FRTB, SA-CCR, and CVA capital framework implementation as they affect FIC