Credit Products Governance & Controls Manager

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 atall from Day One. Responsible for leading first line credit products governance and controls functions for Business Banking and Small Business Banking. Critical to building and executing the LOB business strategy. Change agent to responsibly and proactively grow the business. Manages the development and maintenance of loan and deposit models, including setting the strategic direction of model usage in the LOB. Responsible for recommending targeted policy changes within our existing risk appetite to support responsible growth and operate within Risk Appetite. Manages the first line development of portfolio and originations performance reporting, as well as targeted reporting to address specific business needs. Responsible for preparing, recommending, and ensuring the ongoing appropriateness of lending authority levels for credit underwriters, approvers, and managers. Directs ongoing first line testing of underwriting results including bulk testing and targeted testing as needed. Works with compliance staff and outside regulators to ensure that the credit process, policies, and activities fall within the parameters of the Bank's policies and standards and applicable regulations and legislation. The role will have dotted line accountability into the Product organization.

Essential Responsibilities

Oversee first line modeling and credit policy work, ensuring both align with the LOB strategic direction and enterprise risk appetite. Provide strategic direction and leadership to pursue objectives of unit(s). Ensure transparency and performance through execution of credit reporting, quality management testing, and ongoing lending authority management functions. Actively ensure compliance with all US Bancorp policies and procedures such as Code of Ethics and all Anti-Money Laundering, Bank Secrecy Act, information security and suspicious activity reporting requirements, etc.

Essential Qualifications

15+ years of banking or other relevant work experience. 5+ years of management experience. BA / MBA in finance, accounting, statistics, or other related field. Well-developed leadership abilities and strategic management skills. Deep knowledge of credit, regulatory process, controls, credit policy governance, and credit risk modeling. Well-developed verbal and written communication skills. Well-developed analytical, decision-making and problem-solving skills. Considerable tact, diplomacy and people skills.

Accountabilities

Decisions are made in conjunction with major corporation programs, plans or strategies. Independent action is normally required although other division or senior managers are usually consulted before final action is taken. Probable errors would have significant effect on major functions of the corporation.

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

Equal Opportunity

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.

Pay Range

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 : $170,255.00 - $200,300.00