Senior Quantitative Analyst

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 Global Capital Markets group at U.S. Bank is undergoing a strategic buildout initiative to strengthen front-office quantitative capabilities and evolve toward a more technology-enabled, risk-driven trading platform.

As part of this effort, a front-office quantitative analytics team is being established to develop and industrialize core product analytics, market data frameworks, and rate modeling capabilities - enabling consistent pricing, risk measurement, and execution across the FICC platform.

U.S. Bank is seeking candidates for the role of Senior Quantitative Analyst. Successful candidates will join a team responsible for building and implementing production-grade pricing and risk models for interest rate and FX derivatives, while integrating these capabilities into a scalable, real-time analytics and risk platform.

The role operates as a desk-aligned quant supporting Rates and FX trading, partnering closely with traders, risk oversight, technology, and model governance functions. The focus is on delivering robust, reusable modeling and data capabilities that support intraday decision-making and platform scalability. Strong communication skills are essential.

Scope & Accountability

Owns development and implementation of product analytics, market data, and rate modeling frameworks across Rates and FX derivatives

Accountable for ensuring models are integrated into a real-time pricing and risk platform, with consistency across Trading, Risk, and Finance

Ensures modeling frameworks are scalable, reusable, and not tied to desk-specific or legacy workflows

Supports development of core curve, pricing, and risk infrastructure used across multiple products and asset classes

Partners with Trading, Risk, Technology, and Model Validation to ensure models meet both commercial and regulatory expectations

Key Responsibilities

Take leadership responsibility over intraday support of Rates and FX trading desks, including pricing, risk analysis, and model-driven decision support

Lead development and maintenance of:

USD and non-USD yield curves

Market data inputs and term structure frameworks

Pricing and risk model integration across products

Develop quantitative models and frameworks for:

Interest rate derivatives (linear and optionality products)

FX derivatives

Exchange-traded futures and options

Design and enhance curve construction methodologies, including:

Single-curve and multi-curve frameworks

Consistent treatment of market data across products

Contribute to modeling of cross-asset and credit-linked products (e.g., TRS, CDS-linked structures, structured notes) where required

Partner with Technology teams to:

Integrate models into production pricing, risk, and trading systems

Ensure performance, scalability, and reliability

Reduce reliance on spreadsheet-based or manual processes

Collaborate with Model Risk and Risk Oversight to:

Support model validation, approval, and monitoring

Ensure models meet internal governance and regulatory expectations

Provide leadership, guidance, and mentoring to junior team members

Decision Rights

Technical authority over model design, curve construction methodologies, and market data frameworks

Input into prioritization of modeling and analytics roadmap across Rates and FX

Approval of model readiness for production, subject to model validation and technology governance processes

Escalation point for pricing discrepancies, model performance issues, and risk inconsistencies

Basic Qualifications

Ph.D. or advanced degree in Mathematics, Physics, Engineering, Computer Science, or related quantitative discipline

12+ years of front-office quantitative experience in Rates and/or FX derivatives

Strong expertise in:

Interest rate modeling

Curve construction and calibration

Market data and term structure modeling

Strong programming skills in C++, Java, or equivalent, across:

Model development

Integration into production systems

Testing and validation

Demonstrated experience supporting trading desks with direct P&L impact through quantitative models and analytics

Preferred Skills & Experience

Experience building or contributing to real-time pricing and risk platforms, not just standalone models

Strong understanding of fixed income market structure and product behavior

Experience designing reusable analytics and data frameworks across products

Solid knowledge of:

Stochastic calculus, SDE and PDE, and quantitative financial theories

Numerical analysis methods and optimization techniques

Data-driven modeling approaches where applicable

Experience working in regulated environments, including:

Model governance and validation

Risk and finance alignment

Audit and regulatory interaction

Proven ability to translate quantitative models into production systems used by trading desks

Strong communication skills with the ability to engage traders, engineers, and control functions

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.

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.

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: $164,390.00 - $193,400.00

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.