LOB Forecast Director

U.S. Bank; Minneapolis (MN); On-site; USD 170,000 - 200,000; Full time

Benefits offered by this job

Healthcare

Retirement plan (401(k))

Paid vacation

Paid holidays

Parental leave

Life insurance

Job summary

U.S. Bank is seeking a senior leader to head enterprise-wide balance sheet forecasting and planning. You will collaborate with Treasury and business leaders to optimize earnings, improve balance sheet efficiency, and align with risk appetite and financial objectives.

In partnership with Quantitative Finance, you will assess forecasting methodologies and model performance, delivering insights to senior management and guiding strategic decisions.

Qualifications

• Bachelor's degree in Accounting, Finance, or equivalent work experience.
• 15+ years of financial management experience.
• 8+ years of management experience.
• ALM and/or IRR experience.
• Considerable knowledge of accounting and finance principles.
• Excellent verbal and written communication skills.

Responsibilities

• Lead enterprise-wide loan and deposit forecasting and balance sheet planning.
• Partner with Treasury and business leaders to develop balance sheet strategies.
• Provide insights on forecasting methodologies, model performance, and analytical capabilities.

Skills

Leadership

Forecasting

ALM

IRR

QRM

Financial analysis

Stakeholder management

Education

Bachelor's degree in Accounting or Finance

MBA

CPA

Job description

Job Description

Balance Sheet Management (BSM), a division within Corporate Treasury, is responsible for providing executive management with timely, accurate, and comprehensive forecasts of the balance sheet and net interest income (NII).

BSM plays a key role in balance sheet optimization, interest rate risk management, and strategic financial planning.

This role leads enterprise-wide loan and deposit forecasting and balance sheet planning. The successful candidate will partner with Treasury and business leaders to develop and execute balance sheet, pricing, and origination strategies that enhance earnings, improve balance sheet efficiency, and align with the firm's risk appetite and financial objectives.

The role provides senior management with insights and recommendations on balance sheet positioning, earnings opportunities, and risk-return trade-offs. In partnership with Quantitative Finance, this leader will opine on forecasting methodologies, model performance, and analytical capabilities to ensure the organization can effectively navigate changing business and market conditions.

Basic Qualifications

• Bachelor's degree in Accounting, Finance, or equivalent work experience
• 15 or more years of relevant financial management experience
• Eight or more years of management experience

Preferred Skills/Experience

• Asset Liability Management (ALM) and/or Interest Rate Risk (IRR) experience
• Quantitative Risk Management (QRM) experience
• Considerable knowledge of accounting and finance principles
• Expert planning, forecasting, and analytical skills
• Strong understanding of balance sheet management, loan and deposit forecasting, and Net Interest Income (NII) analysis
• Ability to assess forecasting methodologies, model performance, and analytical capabilities
• Excellent verbal and written communication skills, including executive-level presentations
• Demonstrated ability to influence senior leaders and drive strategic decision-making
• MBA and/or CPA preferred

Location Requirements

This role requires working from a U.S. Bank location three (3) or more days per week. 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:

• 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.

Equal Opportunity Employer

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.

Salary

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: $170,255.00 - $200,300.00

Background Checks and Compliance

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 Status

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

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.

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.