Product Owner - Foreign Exchange/FX

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

SUMMARY

Product Owner for Foreign Exchange (FX) business line who can partner closely with the FX front-office stakeholders and drive the evolution of the product with Agile team.

RESPONSIBILITIES

Partners closely with customers (internal and external), the business line and Agile teams to drive the evolution of the assigned products. Maintains and refines product backlog; creates user stories and acceptance criteria and prioritizes all stories to ensure work focuses on those with maximum business value that align with product strategy. Acts as primary liaison between the business and Agile teams, ensuring the teams understand vision for the products. Work closely in a hands-on style with development team including addressing daily prioritization needs, providing real-time feedback and answering questions on an ongoing basis. Works with Product Management to set release dates, determine when sufficient value has been delivered to release to market, understand tradeoffs between schedule, scope and budget and communicates this information to the organization. Employs product management practices and tactics including customer research, data and analytics, and market research.

REQUIRED

Three to five years of related experience

Bachelor's degree or equivalent work experience

PREFERRED

Foreign Exchange/FX market knowledge with in-depth understanding of currency pairs, cross rates, and exotic currencies. Awareness of the global currency markets, how they are structured, and the factors that impact currency prices. Knowledge of spot, forward, and swap markets within FX. Familiarity with FX options and other derivatives used for hedging or speculative purposes. Understanding of liquidity management and how central banks, market makers and liquidity providers interact.

Regulatory knowledge in FX space including financial regulations affecting FX markets such as MiFID II, Dodd-Frank and SDR. Awareness of AML/KYC (Anti-Money Laundering and Know Your Customer) requirements specific to FX trading. Knowledge of Basel III requirements affecting capital and liquidity management in FX operations.

Knowledge of risk Management and clear understanding of counterparty risk and credit risk associated with FX transactions.

Expertise in using FX trading platforms such as Wall Street Systems and familiarity with Bloomberg, Reuters Eikon, Thomson Reuters FXall, and 360T. Understanding of API integration between FX trading platforms and back-office systems.

Strong grasp of FX pricing models and credit calculations.

Proficiency in using tools like Excel, SQL for analyzing large datasets to help the business line with requirements.

Familiarity to settlement systems such as CLS (Continuous Linked Settlement) used in FX to mitigate settlement risk. Familiarity with cross-border payment systems and processes, including SWIFT, ACH systems.

Ability to translate complex business requirements into clear user stories for the agile team by working with stakeholders from business and technology.

Well-developed ability to collaboratively develop and evolve a product backlog

Well-developed ability to develop and articulate a product vision that supports outcomes, value and prioritization of work

Thorough understanding of the Lean/Agile mindset

Professional Product Owner certifications such as SAFe, CSPO or PSPO

This position 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 (https://careers.usbank.com/global/en/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 (some may vary based on role, location or hours):

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

EEO is the Law

U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors. Applicants can learn more about the company’s status as an equal opportunity employer by viewing the federal KNOW YOUR RIGHTS (https://eeoc.gov/sites/default/files/2023-06/22-088_EEOC_KnowYourRights6.12ScreenRdr.pdf) EEO poster.

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 (https://careers.usbank.com/verification-of-eligibility-for-employment) .

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: $95,285.00 - $112,100.00 - $123,310.00

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.

Job postings typically remain open for approximately 20 days of the posting date listed above, however the job posting may be closed earlier should it be determined the position is no longer required due to business need. Job postings in areas with a high volume of applicants, such as customer service, contact center, and Financial Crimes investigations, remain open for approximately 5 days of the posting listed date.