Business Banking Portfolio Credit Strategy Manager

About the role

U.S. Bank’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 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.

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

Requirements

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

Skills

• 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
• 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
• Proven experience partnering with multiple 1LoD and 2LoD Risk partners, policy owners, and various Subject Matter Experts to identify, address, and mitigate relevant risks
• Strong analytic skills with the ability to identify, analyze, and interpret results to inform and support data-driven recommendations
• 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
• Knowledge of Business Banking data, data visualization tools (e.g., PowerBI), underwriting systems (nCino, ACAPS), and LEAP is preferred

Schedule

Hybrid/flexible schedule with an in-office expectation of 3 or more days per week and the flexibility to work outside the office location for the other days.

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

Pay

Pay Range: $119,765.00 - $140,900.00 (reflects figures based on the primary location; actual range 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, and 401(k) contribution and pension (all benefits are subject to eligibility requirements).