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

Asset Liability Management (ALM) is a division within Corporate Treasury whose responsibility it is to provide senior management with accurate, timely and comprehensive forecasts of the balance sheet and net interest income (NII). ALM is also responsible for managing the asset and liability positions of the bank, primarily through the measurement and monitoring of interest rate risk, to help inform and develop balance sheet strategies. The Consolidated Reporting and Interest Rate Risk Analytics team within ALM supports those efforts by communicating balance sheet and NII performance as well as the Company’s short and long-term interest rate risk positioning to senior management in order to assess financial results (both projected and actual) against the Company’s risk appetite framework.

ALM’s Consolidated Reporting and Interest Rate Risk Analytics team is seeking a strong, decisive, result-oriented contributor who will be responsible for supporting the forecast production process.  

Job responsibilities:

• Coordinate with relevant forecast teams to incorporate product level assumptions into the Company’s ALM data system (QRM) to calculate forward looking balance sheet and NII projections as well as the firm’s interest rate risk positioning

• Perform detailed attributions around the Company’s balance sheet and NII, and interest rate risk positioning to understand performance drivers

• Support reporting of interest rate risk positioning to senior management and relevant operating committees and sub-committees

• Support implementation and testing of quantitative modeling methods used to quantify the Company’s interest rate risk

• Leverage forecast output / processes to support other critical ALM processes such as liquidity risk, capital management and stress testing

• Help inform, support and develop balance sheet strategies to drive financial results within the company’s risk appetite

• Actively seek to understand how changes in the regulatory and/or macroeconomic environment may impact ALM activities and reporting routines

Basic Qualifications:

• Bachelor’s degree in finance, accounting, economics or another analytical discipline; Master’s degree preferred

• At least 3-5 years of experience in corporate treasury or finance (Asset Liability Management or capital markets experience preferred)

Preferred Qualifications:

• Self-motivated individual who can complete projects independently and provide actionable insight to senior management

• Willingness to take on challenging assignments and provide analytically driven recommendations to senior management

• CFA/CPA/FRM or progress towards any of these designations preferred

• Proficiency with Microsoft Office with a specific focus on financial modeling in Excel and PowerPoint presentations

• Experience in ALM systems (QRM, BancWare, Polypaths), Essbase, SQL Server or Bloomberg all preferred

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:

• 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: $92,820.00 - $109,200.00

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.