Quantitative Strategist - Commodities

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 Quantitative Strategist is a front-office quantitative professional responsible for supporting the design, development, and implementation of pricing, risk, and analytics models with a focus on commodity derivatives businesses. As part of the Global Capital Markets strategic buildout initiative, the role will join a newly established FICC analytics team focused on delivering high-quality analytical support to trading and sales partners across business lines. The position will work as a desk-aligned quantitative partner in daily trading and risk management activities, while collaborating closely with Risk Oversight, Technology, and Model Governance teams to help integrate proprietary models into a holistic, real-time securities risk platform. Strong communication skills and the ability to operate effectively in a collaborative, regulated environment are essential.

ESSENTIAL FUNCTIONS:

Support research on commodities markets and develop practical understanding of no-arbitrage pricing and rates modeling techniques under the guidance of senior team leadership.

Develop quantitative models and simulate trading strategies for commodity derivatives products.

Develop futures and forward price curve methodologies for commodity derivatives across crude oil, natural gas, metals, and electricity power markets.

Develop pricing models for commodity Asian options, basket options, electricity power forward agreements, precious metals products, and metal leasing agreements.

Value exchange-traded futures and options products and support associated pricing and risk analytics.

Participate in the development of the Fixed Income Analytics Platform and support the integration of quantitative models into risk systems.

Collaborate with Model Validation and Risk Oversight teams throughout model approval and post-approval monitoring processes, and support activities required for regulatory examinations.

Partner with Technology teams in the integration, testing, and implementation of proprietary pricing and risk models.

It is the individual responsibility of every employee to maintain a current awareness and understanding of and to fully comply with U.S. Bancorp’s Code of Ethics. Each employee is also expected to maintain an awareness of the laws, regulations, internal policies and procedures that are appropriate for his/her position.

Basic Requirements:

• Ph.D. in Mathematics, Physics, Engineering, or a related quantitative discipline.

•  Strong knowledge of mathematical finance, stochastic calculus, neural-network modeling, and machine learning methodologies.

• One to three years of experience as a front-office quantitative strategist at a major financial institution.

Preferred Requirements:

• Strong programming skills in C++ and Python.

• Demonstrated ability to work effectively with trading, risk, technology, and governance partners in support of front-office quantitative modeling and analytics objectives.

• Strong written and verbal communication skills are required.

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.

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.