Business Banking Portfolio Credit Strategy Manager

SDFM; Minneapolis (MN); Hybrid; USD 120,000 - 141,000; Full time

Benefits offered by this job

Healthcare (medical, dental, vision)

401(k) retirement plan

Paid vacation

Paid holidays

Parental leave

Adoption assistance

Sick leave

Job summary

U.S. Bank is seeking a Business Risk Professional to partner with Lines of Business and 2LoD, building and overseeing a robust risk management framework. You will identify gaps, inform policy, and guide procedures to maximize profit while minimizing regulatory exposure.

The role requires extensive credit knowledge in Business Banking and collaboration with cross-functional teams. Proficiency in Excel, PowerBI and underwriting systems is preferred.

Qualifications

• Bachelor's degree, or equivalent work experience.
• 10 or more years of applicable experience.
• Applicable professional certifications.

Responsibilities

• Provide ongoing credit policy support to the Business Banking organization, partnering with credit policy owners in 2LoD to ensure business practices and policies are implemented in accordance with sound credit principles
• Drive strategic credit initiatives, informing credit recommendations that balance sound growth with prudent risk management and governance
• Monitor the impact of implemented credit initiatives, making subsequent recommendations to optimize results as necessary
• Represent the Business Banking Credit and Product teams in cross-functional working groups where policy impact is identified
• Monitor changes to general and specialty lending policies for Business Banking impact and engage appropriate stakeholders as needed
• Partner closely with Credit Delivery teams, Governance teams, and other stakeholders to determine Business Banking impact, feedback, and actions from proposed policy changes

Skills

Credit principles

Business Banking

SBA lending

C&I lending

D&I lending

Cross-functional collaboration

Data analysis

Education

Bachelor's degree

Tools

Excel

PowerBI

nCino

ACAPS

LEAP

SharePoint

Outlook

Teams

Word

PowerPoint

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 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

The organization’s risk management structure is designed to promote effective governance and risk management that is systematic, transparent, credible, timely, and verifiable through clear delineation and execution of key roles and responsibilities. Its goal is to assess and/or manage risks that may impact the company, including credit, financial, liquidity, market, operational, reputational, strategic, and other risks as appropriate.

The Business Risk Professional will partner with their assigned Line of Business, other Business Risk Professionals, and Business Risk Managers to, depending on their function, create, implement, maintain, review or oversee an effective risk management framework. May participate in projects and/or activities that ensure compliance with applicable federal, state and local laws and regulations. May identify gaps and inform solutions that minimize losses resulting from inadequate internal processes, systems or human errors. May actively identify, respond and/or escalate risks as appropriate. May inform policies and procedures in an effort to maximize profit potential and minimize regulatory exposure. May serve as a functional liaison between the Line of Business and the Lines of Defense.

Job Responsibilities

• Provide ongoing credit policy support to the Business Banking organization, partnering with credit policy owners in 2LoD to ensure business practices and policies are implemented in accordance with sound credit principles

• Drive strategic credit initiatives, informing credit recommendations that balance sound growth with prudent risk management and governance

• Monitor the impact of implemented credit initiatives, making subsequent recommendations to optimize results as necessary

• Represent the Business Banking Credit and Product teams in cross-functional working groups where policy impact is identified

• Monitor changes to general and specialty lending policies for Business Banking impact and engage appropriate stakeholders as needed

• Partner closely with Credit Delivery teams, Governance teams, and other stakeholders to determine Business Banking impact, feedback, and actions from proposed policy changes

Basic Qualifications

• Bachelor's degree, or equivalent work experience

• 10 or more years of applicable experience

• Applicable professional certifications

Preferred Skills/Experience

• Will possess a strong understanding of credit principles, including knowledge of Business Banking, general, and applicable specialty credit policies, products, and supporting processes and procedures,including SBA, and Conventional C&I and D&I lending

• Must be a self-starter, capable of working collaboratively with cross-functional teams to develop growth initiative strategies that align across key stakeholders and balance sound growth with prudent risk management

• Has proven experience partnering with multiple 1LoD and 2LoD Risk partners, policy owners, and various Subject Matter Experts to identify, address, and mitigate relevant risks

• Has strong analytic skills with the ability to identify, analyze, and interpret results to inform and support data-driven recommendations

• Carries strong problem-solving and creative thinking skills, with the ability to navigate and reconcile complex feedback from multiple sources with minimal oversight

• Proficiency in Excel, Word, PowerPoint, Outlook, Teams, and SharePoint is required. Knowledge of Business Banking data, data visualization tools (i.e. PowerBI), underwriting systems (nCino, ACAPS) and LEAP is preferred.

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

• 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

Review our full benefits available by employment status here.

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.

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

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.

Posting may be closed earlier due to high volume of applicants.