Credit Policy Manager
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
We are seeking a strong risk leader to head our Credit Policy team, which is part of our Credit Policy and Governance team. This individual is a key credit risk leader and partners with the Executive Credit Officers and the business units. The leader must have strong knowledge of credit policy, underwriting practices and regulatory requirements, as well as excellent executive presence, partnership and collaboration skills.
About the CRA Team
We are a highly dynamic and talented team which delivers on our mission through four pillars: Customer, Process, Talent, and Data.
Vision | We create the future of credit risk management through data, analytics, and risk process innovation for our customers.
Mission | We deliver data-driven information solutions to protect our stakeholders and inform the most significant financial decisions in the bank.
Values | In addition to U.S. Bank core values, we prioritize collaboration, integrity, simplicity, and continuous learning.
About the Role
The Credit Policy Manager leads a team of professionals responsible for the development, revision, maintenance, and administration of credit policy through the policy lifecycle in alignment with business strategy, risk appetite, enterprise governance and regulatory requirements. This individual partners across the Executive Credit Officers and business line senior management to provide a strong credit risk framework and ensure consistency across business lines and compliance with regulatory guidance
Key Activities
In this role, you will support U.S. Bancorp’s Credit Risk team by:
Managing the credit policy framework and adherence to Enterprise policy standards
Demonstrating expert knowledge of underwriting, monitoring and risk rating practices and application to varied portfolios
Identifying gaps or other issues and providing recommendations for proposed policy revisions to appropriately enhance the policy framework while ensuring continued strong risk management.
Managing policy changes to close gaps identified by internal audit, external audit or bank regulators
Coordinating stakeholders across functional roles to reach consensus
Managing communications with the Executive Credit Officers and business lines regarding upcoming policy changes, reviews, and regulatory changes
Understanding and assessing the impact of potential credit policy changes across various portfolios through research and analysis of credit data and trends related to policy risk topics.
Partnering with the lines of business and credit risk to document strong supporting rationales for policy, standards and procedure changes
Monitoring and improving the efficiency and effectiveness of policy and the policy management workflow system through oversight of key process indicators
Leading the progressive development of the bank’s credit policy structure to ensure alignment with peers and regulatory expectations and requirements
Coordinating internal and external exams of the credit policy management function
Partnering with credit and business lines to prepare and remediate regulatory findings in key exams (e.g., the Shared National Credit exam)
Basic Qualifications
- Bachelor's or advanced degree, or equivalent work experience
- Typically more than 12 years of applicable experience
Preferred Skills/Experience
Expert knowledge of credit policy, underwriting, and commercial and consumer risk rating practices, including prudent assessment of metrics such as FCC, DRC, liquidity, leverage, etc.
Knowledge of applicable laws, regulations, financial services best practices, and regulatory trends that impact credit risk and lines of business/portfolios
Strong understanding of the business lines’ operations, products/services, systems, and associated risks and controls
Strong process facilitation, project management, and analytical skills
Strong analytical, problem solving, and negotiation skills.
Strong leadership, executive presence and communication (written and verbal communication) skills
Demonstrated organizational strategy and talent development skills
Excellent attention to detail and ability to connect concepts across teams/policies
Ability to collaborate and partner across risk professionals, legal, compliance, and business lines to achieve strategy goals in a prudent credit risk framework.
Knowledge of Risk/Compliance/Audit standards
Business acumen and credibility necessary to help business line(s) proactively identify and address changing workforce needs.
Strong knowledge of controls and governance expectations
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.
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: $149,515.00 - $175,900.00U.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.