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 Head of Capital Markets Risk and Financial Strategy provides senior leadership across financial resource management, front-line risk governance, and strategic planning for a complex and evolving capital markets franchise. This role partners closely with business leaders, Treasury, and Market Risk to optimize capital, liquidity, and balance sheet usage while ensuring strong risk discipline and regulatory alignment to support sustainable growth.

KEY RESPONSIBILITIES:

• Establish front line risk management framework for Global Capital Markets: define and implement market, counterparty, credit, and operational risk thresholds, limits, and governance structures — including risk appetite statements, limit breach escalation protocols, and new business initiative risk assessment — in close partnership with second-line Market Risk, Counterparty Credit Risk, and Operational Risk functions

• Lead the prioritization of pricing model and capital model enhancements in alignment with business strategy and regulatory requirements, coordinating with quantitative teams and model risk governance on sequencing, validation timelines, and Basel III Endgame readiness (FRTB IMA eligibility, SA-CCR, CVA); own tail risk and Expected Shortfall measurement and management, including stress scenario design, CCAR/DFAST market risk inputs, and escalation of concentrated exposures to senior leadership

• Own the integrated optimization of capital (RWA, SLR, CET1), liquidity (LCR, NSFR, ILST), funding, and balance sheet across all Capital Markets businesses

• Collaborate on the calibration of a position-level Funds Transfer Pricing (FTP) framework that decomposes regulatory costs — LCR, NSFR, SLR, and SA-CCR/RWA — at the desk level, and partner with Corporate Treasury to ensure alignment with firm-wide liquidity and capital policy

• Build and operate a Capital Markets financial intelligence platform: integrated KPI dashboards, RAROC reporting by desk and client relationship, and a structured peer benchmarking program comparing U.S. Bank Capital Markets against GSIB and Category II competitors on capital efficiency, RWA density, LCR/NSFR positioning, and funding mix

• Establish and lead governance frameworks for financial resource management: Financial Resource Steering Committee, Monthly Business Reviews covering P&L and balance sheet by LOB, Balance Sheet Council addressing client balance sheet allocation and product profitability, and Category II / ERBA regulatory initiative tracking

• Provide dedicated financial oversight and strategic partnership to each Capital Markets business line — including RAROC analysis, balance sheet cost attribution at the transaction and relationship level, and new product capital assessment

• Lead the Capital Markets regulatory readiness roadmap through 2028: Category II infrastructure build-out, Basel III Endgame response (FRTB SA vs. IMA eligibility, SA-CCR optimization, CVA framework), and coordination with Risk, Technology, and Regulatory Relations on remediation priorities

BASIC QUALIFICATIONS:

• Bachelor's degree in Finance, Economics, Mathematics, Computer Science, Engineering, or a related quantitative field; or equivalent professional experience

• 15 or more years of progressive experience within a large, regulated financial institution, with significant tenure in capital markets risk management, finance, financial resource management, or a related discipline

• Deep expertise in bank regulatory capital frameworks applicable to trading businesses, including FRTB (Standardized and Internal Models Approaches), SA-CCR, CVA capital (BA-CVA and SA-CVA), and SLR

• Thorough knowledge of bank liquidity regulation — LCR, NSFR, and Internal Liquidity Stress Testing — including collateral quality treatment, counterparty runoff rates, and operational implications for a capital markets business

• Proven track record of leading and developing high-performing teams in a complex, matrixed financial institution; experience building or materially expanding a finance or strategy function from an early-stage baseline

• Demonstrated experience engaging with financial regulators — OCC, FRB, and/or FINRA — on capital markets-specific matters including capital adequacy, liquidity frameworks, and regulatory remediation

• Strong communication and executive presence: ability to translate complex regulatory and financial concepts for C-suite, Board-level, and regulatory audiences

PREFERRED QUALIFICATIONS:

• MBA (Master of Business Administration), CFA (Chartered Financial Analyst) and/or FRM (Financial Risk Manager) designation

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: $186,150.00 - $219,000.00

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.