Impact Finance Officer

About the role

Credit Strategy is a dynamic team within Credit Risk Management focused on optimizing the identification, quantification and mitigation of credit risk. The team oversees critical second line of defense risk management programs including USB’s risk limit framework, risk rating, policy exceptions, risk ID, credit concentration, stress testing, collateral audit, credit policy and procedures, portfolio monitoring, strategic product growth and/or enhancements, regulatory review and compliance, and rapid response to emerging risk.

Responsibilities

• Partnering with Credit Risk Management and U.S. Bank business units to identify and manage emerging risks associated with the respective portfolio.
• Developing relevant metrics and segmentation to assess exposure at risk and credit policies to mitigate short-term and long-term risks, with demonstrated value creation where feasible.
• Assisting in developing requirements for technology projects to gather relevant data and design ongoing or ad-hoc analyses as needed.
• Working with the centralized reporting team to develop and maintain relevant reporting, risk limits and analysis, and performing scenario analysis to understand the bank’s exposure to potential risks and opportunities.
• Preparing management reports and presentations to communicate current state and progress on credit-focused initiatives.

Requirements

Talent seeking to join the Strategy team should possess an inquisitive and growth mindset, track record of taking initiative, and agility to problem solve in a team setting.

Qualifications

• Bachelor's degree, or equivalent work experience
• Typically more than eight years of applicable experience
• Bachelor’s degree in Business, Finance, Economics, Statistics or similar
• Understanding of basic credit risk management concepts, along with 1st line and/or 2nd line experience related to underwriting and/or credit risk portfolio management preferred
• Considerable knowledge of applicable laws, regulations, financial services, and regulatory trends that impact their assigned line of business
• Broad understanding of Commercial Real Estate and various Tax Credit programs, credit risk processes and governance programs, and credit data at U.S. Bank, or another mid-sized or large banking institution
• Considerable understanding of the business line’s operations, products/services, systems, and associated risks/controls
• Thorough knowledge of Risk/Compliance/Audit competencies
• Strong analytical, process facilitation and project management skills
• Interest and awareness of external environment and economic events and their potential impacts to credit risk
• Effective presentation, interpersonal, written and verbal communication skills
• Effective relationship building and negotiation skills
• Proficient computer navigation skills using a variety of software packages, including Microsoft Office applications, Co-Pilot, and word processing, spreadsheets, databases, and presentations
• Basic understanding of nCino and/or Gateway

Skills

Hands-on individual who excels at collaborating across functional areas to develop, drive and maintain the credit risk strategy and ensure we meet core business objectives

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