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

Second Line of Defense - Set Standards and Challenges

GENERAL SUMMARY:

The Credit Risk Management (CRM) function provides independent oversight of enterprise credit risk management, risk governance and control, and is responsible for establishing credit risk management, strategy, policies and practices.  CRM’s primary objective is to support a comprehensive and proactive approach to risk management that promotes a strong risk management culture. 

CRM works with the business line and other corporate oversight groups to establish policies, standards, and limits that align with U.S. Bancorp’s risk appetite, and monitors and reports on existing and emerging risks and compliance with U.S. Bank’s risk appetite.

Specifically, this role will provide credit risk management oversight for the Payments Consumer and Small Business organization which manages U.S. Bank and co-branded credit card (Consumer and Small Business) products.    

ESSENTIAL FUNCTIONS:

1) Research, evaluate, develop and communicate credit policy that is within the U.S. Bank risk appetite and meets business objectives and targets.

2) Provides oversight and independent challenge to the business line through review, inquiry and discussion.

3) Exercise independent judgement by displaying and reaching conclusions on the most complex portfolio issues as well as assume accountability for high quality recommendations regarding the credit card portfolio. 

4) Research, evaluate, test and apply quantitative models and methodologies for analyzing risk exposures, portfolio purchases, acquisition and account management strategies. 

5) Provide training, tools and advice to support the business line in carrying out its accountabilities.

6) Monitor and report on compliance with risk appetite and policies.

7) Analyze the portfolio for emerging and key risk trends. Analyze the output of reports to identify key risk trends and emerging risks within the portfolio. Independently determines what constitutes an emerging risk trend based on knowledge of the portfolio, industry and general macroeconomic environment.

Basic Qualifications:

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

Preferred Skills/Experience:

- Considerable knowledge of credit risk, financial and statistical analysis.

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

- Strong analytical skills.

- Strong written and verbal communication skills.

- Proficient in programming and data manipulation using SQL, SAS, Python, or R.

-  Four or more years of Retail (Credit Cards, Consumer Lines of Credit, Auto Loans, Deposits) credit risk management experience.

NOTE:  This 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.