Assistant General Counsel - Derivatives And Fx Attorney

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
Assistant General Counsel - Derivatives and FX Attorney
At U.S. Bank, we're passionate about helping customers and the communities where we live and work. The fifth-largest bank in the United States, we're one of the country's most respected, innovative and successful financial institutions. 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.
THE ROLE
Successful candidates for positions in the U.S. Bank Law Division consistently provide excellent advice and guidance to clients and colleagues on a variety of legal matters. They build trusting relationships that allow the business to make well-informed decisions. They work to attract, retain, and develop great people in an inclusive environment where each person is valued for the distinct skills and attributes they bring to the group. Meaningful collaboration and investment in the development of the Law Division are all expected from successful candidates.
The U.S. Bank Law Division is seeking an experienced attorney to join the Capital Markets Legal Team to support the U.S. Bank provisionally-registered swap dealer. This attorney will provide transactional and regulatory legal advice to the Derivative Products Group (includes the Interest Rate and Commodity Derivatives Business Units), the Foreign Exchange Group and Corporate Treasury, among others. This attorney will provide a critical support function, advising internal clients and relevant support partners (operations, compliance and other risk management functions) in the establishment of policies and procedures for USBNA when engaged in derivative and foreign exchange transactions. The position offers candidates a career with exposure to a variety of legal issues and the opportunity to support and help build the foundation for a growing business unit, while collaborating with various departments and individuals at U.S. Bank.
RESPONSIBILITIES
•Advise business units and other support partners regarding relevant swap dealer and banking laws, regulations and related risks
•Actively participate in line of business projects, e.g. new and modified products, regulatory change.
•Support cross-border licensing and netting issues
•Draft swap dealer templates and advise documentation and confirmations teams on ISDA and related agreements in real-time
•Stay abreast of relevant market, legal and regulatory developments
•Become familiar with relevant U.S. Bank policies and procedures, ranging from AML/KYC matters to bank regulatory matters such as the Volcker Rule
ADDITIONAL RESPONSIBILITIES MAY INCLUDE
•Review transaction documentation for Derivatives and FX products
•Review agreements with third-party providers of technology and other services
•Review loan documentation and related documentation for swap terms
•Participate in trade group working groups on relevant matters
QUALIFICATIONS
•Law degree
•Licensed in good standing to practice law in at least one jurisdiction
PREFERRED SKILLS/EXPERIENCE
•At least 5 years material, relevant experience as an attorney in a law firm and/or as in-house counsel or equivalent, supporting Derivatives and foreign exchange transactions
•Significant experience with provisionally-registered swap dealer(s)
•Advanced knowledge of derivatives laws and regulations (primarily CFTC regulations)
•Advanced knowledge of swap dealer laws and regulations
•Advanced experience with commodity derivatives, interest rate swaps and foreign exchange
•Experience with derivatives documentation
•Knowledge of bank regulatory laws and regulations
•Experience with online trading platforms
•Excellent analytical, decision-making and problem-solving skills
•Excellent written, verbal, and interpersonal communication skills
•Confidence and efficiency in reviewing swap documents, loan agreements and related documentation
•Ability to collaborate confidently and effectively with a diverse range of stakeholders, including senior leaders
•Ability to assess risks and provide thoughtful advice in a fast-paced environment
Successful candidates for a position in the U.S. Bank Law Division will support U.S. Bank's core values, which guide what we do every day:
•We do the right thing.
•We power potential.
•We stay a step ahead.
•We draw strength from diversity.
•We put people first.
In the U.S. Bank Law Division, we honor those values through our mission: "we guide our clients to remarkable results with expert legal counsel and ethical leadership." Our commitment is evident in the work we do, not only for the Bank, but for our communities. The Law Division has received several awards for its pro bono contributions, including the Minnesota Corporate Pro Bono Council's "Excellence in Pro Bono Award," and we encourage our legal professionals to contribute time and expertise to pro bono work as part of their role. In addition, the Law Division has been recognized for its leadership and engagement in Diversity, Equity, and Inclusion initiatives.
We are proud that U.S. Bank has been recognized as a World's Most Ethical Company® by the Ethisphere Institute and has been named the #1 Most Admired Superregional Bank by Fortune magazine.
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.
Learn how the way we work at U.S. Bank drives meaningful relationships with our customers and collaboration across the company.
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 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.
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, US Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401k contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $135,660.00 - $159,600.00 - $175,560.00