Director - Credit Portfolio Risk

US Bank; Ireland; On-site; EUR 180,000 - 240,000; Full time

Job summary

U.S. Bank Europe seeks a Director - Credit Portfolio Risk to lead European credit risk activities, combining delegated approval authority with portfolio oversight and governance leadership.

The role partners with senior management to shape risk strategy across corporate lending, payments, and structured exposures. The successful candidate will drive portfolio insights, risk appetite alignment, and board-ready recommendations, while coordinating governance, ICAAP considerations, and strategic

Qualifications

• Extensive experience in European credit risk management.
• Strong leadership and governance capabilities.
• Ability to influence and challenge senior stakeholders.

Responsibilities

• Act as a Credit Approver with delegated authority across portfolios.
• Lead the governance of the Credit Committee and related forums.
• Provide portfolio risk insights, risk appetite analysis and scenario planning.
• Coordinate MI reporting on credit trends and early warning indicators.

Job description

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, enabling the communities we support to grow and succeed in the right ways, all more confidently and more often-that's what we call the courage to thrive. 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. Try new things, learn new skills and discover what you excel at-all from Day One.

As a wholly owned subsidiary of U.S. Bank, Elavon is committed to building the platforms and ecosystems that help over 1.5 million customers around the world to achieve their financial goals-no matter what they need. From transaction processing to customer service, to driving innovation and launching new products, we're building a range of tailored payment solutions powered by the latest technology. As part of our team, you can explore what motivates and energizes your career goals: partnering with our customers, our communities, and each other.

We actively uphold transparent and fair hiring practices that support individual opportunity, inclusive culture, and career mobility across all levels of our organisation.

We offer meaningful opportunities for growth, a culture of inclusion, and a strong commitment to transparency and integrity in everything we do.

Job Description

Director - Credit Portfolio Risk is a highly visible leadership role within the European Credit Risk Management function, reporting directly to the Chief Credit Officer for Europe. The successful candidate will combine delegated credit approval authority, portfolio oversight, governance leadership, and strategic risk advisory responsibilities across a diverse range of credit portfolios including corporate lending, payments, institutional exposures, and structured credit investments.

The role offers exposure to senior management, executive committees, and Board-level decision making, making it an excellent opportunity for an experienced credit risk professional seeking to broaden their leadership impact and portfolio management expertise.

Key Responsibilities

Credit Decisioning & Approval Authority Framework Oversight

• Act as a Credit Approver across USBE's credit portfolios, exercising independent delegated authority on larger credit proposals.
• Contribute to the effective operation and periodic review of the Bank's delegated credit approval framework, including consistency of decision-making and performance outcomes.
• Support the development and consistent application of portfolio-wide decisioning standards, including challenge expectations, documentation quality, and evidencing of credit rationale.
• Escalate and advise on complex, borderline, or high-risk transactions - including structured credit exposures -requiring independent review of structural, collateral, and concentration risks.

Governance & Committee Leadership

• Act as a key driver of the effectiveness of the Credit Committee, shaping the agenda, the quality of materials, and the standard of debate in line with its Terms of Reference.
• Own the governance architecture supporting the Credit Committee, ensuring its sub-forums operate with clear purpose, strong discipline, and consistent escalation of the right issues.
• Set the standard for governance outputs - insight-driven, forward-looking, and explicitly linked to risk appetite and portfolio resilience - so that committee discussion focuses on decisions rather than data.
• Act as a key advisor to the Chief Credit Officer on portfolio risk, emerging risks, and credit governance matters.

Portfolio Stewardship

• Support the development and ongoing refinement of the Bank's credit portfolio profile by providing forward-looking portfolio insights, risk appetite analysis, and recommendations for senior management consideration.
• Monitor performance against credit risk appetite metrics and limits, escalating breaches, trends or emerging concerns for senior management review.
• Assess macroeconomic, geopolitical, sectoral and regulatory developments and provide analysis to support portfolio positioning and risk appetite considerations.
• Oversee portfolio-level risk identification, including concentrations, emerging risks, and forward-looking vulnerabilities.
• Contribute to scenario analysis and stress testing activities, ensuring outputs inform strategy, limits, and risk mitigation actions.
• Coordinate the review of credit risk elements associated with the Strategic Plan and ICAAP on behalf of the Credit Risk Management function.

Management Information & Portfolio Insights

• Lead the Management Information (MI) framework for credit risk, ensuring senior stakeholders receive clear, decision-ready insights on portfolio performance and risk profile.
• Oversee the production of high-quality reporting on credit trends, early warning indicators, and emerging