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

Provides credit risk management oversight for deposit portfolios and money movement capabilities.  Incumbent is considered an expert in all deposit related topics including credit policy, applicable laws, regulations, and financial services.  Job scope and complexity of assigned business is specialized and very complex.  This position is tasked with monitoring/forecasting deposit losses (Consumer and Business) and ensuring sound risk control processes & platforms throughout the Retail bank by working across numerous business lines to manage exposure.

To accomplish this task the candidate identifies, analyzes, and monitors emerging risk trends.  Reviews macroeconomic data and market conditions within the context of portfolio performance based on monthly and quarterly reports to identify risks. Conducts in-depth research and extensive analyses and makes recommendations to all levels of management.  Develops, builds, and maintains the risk management reporting framework for assigned portfolios. Manages credit policy changes, new product proposals, and oversees all incoming business line proposal recommendations.

The Credit Risk Management Division is responsible for establishing credit policies for all business units and products, ensuring transactions are approved pursuant to policy, and developing and implementing risk management processes that include measuring, tracking, and reporting of credit risk generated in the course of business.  Credit Risk Management’s primary objective is to support a comprehensive and proactive approach to risk management that promotes a strong risk management culture. This team also creates credit analytics, management reporting, and loss forecasting.

Essential Functions:

Candidate must possess considerable attention to detail in all aspects of their duties.Provides oversight and independent challenge to the business line through review, inquiry and discussion.Analyzes the portfolio and existing reporting to identify emerging and key risk trends. Independently determines what constitutes an emerging risk trend based on knowledge of the portfolio, industry and general macroeconomic environmentDevelops and communicates credit governance, risk and control policies.Monitors and reports on compliance with risk appetite and policies.Participates in cross-functional projects that involve working with business line peers and/or other corporate supporting groups.Manages multiple projects and analyses and ensures deadlines are met. Provides training, tools and advice to support the business line in carrying out its accountabilities.Provides guidance to more junior Credit Risk analysts.

Basic Qualifications:

Bachelor's degree, or equivalent work experienceTypically 8+ years of applicable experience 

Preferred Skills/Experience:

Strong working knowledge of Deposits and operating systems.Advanced verbal, written and presentation communication skillsAdvanced technical report writing skillsIntermediate to advanced Microsoft Excel and coding skills Knowledge of credit risk, financial and statistical analysisKnowledge of credit administration, policies and procedures, and regulatory complianceAbility to work independently with minimal guidance from managerExperience working with and interpreting dataExperience in programming and data manipulation using SQL, statistical packages such as SAS or R, and spreadsheets

**The role 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.**

**We are hiring in the following locations:

Tempe, AZLos Angeles, CASan Francisco, CADenver, COAtlanta, GAChicago, ILMinneapolis, MNSt. Louis, MOCharlotte, NCHackensack, NJNew York, NYCincinnati, OHDallas, TXMilwaukke, WI

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 (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, 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: $119,765.00 - $140,900.00 - $154,990.00

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.