Wealth Management Senior Credit Officer
Job Description
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
Senior Credit Risk Management role responsible for leading the Credit Approval team supporting the national Wealth Management Groups. Portfolio composition includes personal and commercial banking services for high-net-worth and ultra-high-net-worth Individuals, Trusts/holding companies, and Professional Services Companies.
The team is responsible for approving loans exceeding business line authority levels and overseeing the management of the Wealth Management portfolio. Responsible for maintaining prudent lending standards within U.S. Bank’s risk appetite and ensuring conformity with U.S. Bank policies and procedures, while supporting business growth, initiatives and the development/retention of client relationships.
The individual serves as a subject matter expert for credit policy/procedures, credit underwriting and risk analysis. The team oversees the credit culture for the business line, monitors delinquency, loss and risk rating accuracy for Wealth Management. The individual will lead the team in partnering with the Business Line’s Chief Credit Officer, Regional Credit Managers, Wealth Advisors, Relationship Managers, product, underwriting, portfolio management, auditors, and regulators.
Basic Qualifications
- Bachelor's or advanced degree, or equivalent work experience
- Typically more than 15 years of applicable experience
Preferred Skills/Experience
- Demonstrated experience in credit risk management, risk analysis, structuring and portfolio management
- Demonstrated experience in securities-based lending, residential and specialty commercial real estate financing, balance sheet monetization (custom liquidity facilities), as well as C&I lending
- Excellent interpersonal, presentation, written and verbal communication skills
- Expert knowledge of credit policies, procedures and underwriting standards/practices
- Ability to assess and manage industry-specific risks
- Ability to collaborate effectively with business units to support loan and operational excellence while appropriately managing risk
- Strong knowledge of business line’s operations, products, services, systems and associated risks/controls.
- Considerable understanding of applicable laws, regulations, financial services, and regulatory trends that impact the Wealth Management line of business
- Demonstrated management and leadership skills, as well as the ability to effectively mentor approvers and manage a diverse nationwide team
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: $193,035.00 - $227,100.00U.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.