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

This individual will work as the primary contact with our business line partners to fulfill the Credit Risk Management duties (second line of defense) for multiple portfolios across the Retail bank’s Deposit and Unsecured Lending products. Our team’s primary responsibility is to maintain strong oversight of our portfolio’s account lifecycle stages and influence portfolio performance within the Risk Appetite of U.S. Bank.  To fulfill this duty, the candidate will frequently analyze data and identify emerging risks and trends.  This person will also produce portfolio performance reports, complete in-depth analysis, negotiate business line proposals (including credit policy changes), and makes recommendations to all levels of management across various business lines.    

This position manages risk for both Deposit products and Unsecured products focused on overdraft prevention and repayment.  The position is also responsible for risk associated with money movement features such as mobile check deposit, wires and ACH and may include responsibilities for both business and consumer products.  This risk manager must ensure appropriate processes/controls/limits, as well as preparing for actual or proposed regulatory guidance.   In addition, this risk manager will oversee and complete all standard credit risk management responsibilities for select Unsecured lending portfolios Responsibilities of this position may also include developing alternative Unsecured Lending capabilities to reduce total deposit overdraft losses.  

Essential Functions:

1. Candidate must possess considerable attention to detail in all aspects of their duties.

2. Provides oversight and must be comfortable credibly challenging the business line through inquiry, discussion, and debate.

3. Highly proactive to identify emerging risks/trends and then works to ensure tactics are implemented to mitigate risks. 

4. Manages multiple projects and ensures all deadlines are met.

5. Participates in cross-functional projects with business line partners.

6. Develops and communicates credit policy governance and control recommendations.

Basic Qualifications

Bachelor's degree, or equivalent work experience Typically more than eight years of applicable experience

Preferred Qualifications

Experience or working knowledge in at least two of the following disciplines: Risk Management, Deposits, Lending, Money Movement capabilities, or Business Banking.

Bachelor’s degree in business, accounting, computer science, economics, math/finance or statistics, or equivalent work experience.

Three to five years of banking experience.

Effective verbal, written, and presentation skills.

Intermediate or advanced Microsoft Excel skills.

Effective technical report writing skills.

Preferred Skills/Experience

Knowledge of credit risk, account life-cycle management, financial and statistical analysis.

Working knowledge of Deposits and money movement functionality, especially overdrafts and risk mitigation processes and controls.

Experience working with and interpreting data.

Skills in writing computer programming code (SAS, SQL, Power Bi, or other) for creation of reports, aggregating data across multiple databases to discover source and cause of the risks identified

Knowledge of credit administration, policies and procedures, and regulatory compliance.

Ability to work independently with minimal guidance from manager

Experience with influencing business line partners.

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.  Responsibilities include credit policy maintenance and the review and approval of credit requests, maintaining strong business line relationships, and new product/ program/strategy proposals.  This team also creates credit analytics, management reporting, and loss forecasting.

**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.

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.