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
Structured Finance Credit Approval Officer position within Credit Risk Management with responsibility for credit approval activities for U.S. Bank's ABS Lending and CLO portfolios. Being part of the second line of defense, the Credit Approval Officer will be responsible for review and approval of ABS exposures across various asset @types, including auto, fleet lease, equipment, trade receivables and consumer loans. Other responsibilities may include approval of CLOs (both Middle Market and BSL) and private debt securitization lending facilities.
The candidate should be knowledgeable in assessing various risks in an ABS transaction, such as credit, rate, liquidity, regulatory, etc. Transaction review includes the analysis of deal structure and documents, servicer evaluation and due diligence, internal rating analysis, stress testing, and adherence to bank policies and procedures. In addition, the Structured Finance Credit Approval Officer will help with monitoring ABS and CLO portfolios performance. The candidate will work with Portfolio Managers, Relationship Managers, and other senior officers internally, as well as actively participate in client due diligence meetings.
Basic Qualifications
Bachelor's or advanced degree, or equivalent work experience
Typically, more than 12 years of applicable experience
Preferred Skills/Experience
Typically requires more than six to seven years of directly relevant experience across ABS asset classes, including auto loans and leases, fleet lease, equipment, trade receivables, consumer loans.
Demonstrated ability to analyze complex transactions, legal documentation, collateral data and performance, and structural protections
Strong data and trend analysis capabilities, distilling complex information into clear, actionable insights.
Advanced Excel proficiency, including experience manipulating large data sets.
Excellent verbal and written communication skills
Prior credit approval experience.
Expertise in CLO/private debt securitization.
Expertise in Commercial and Consumer ABS asset classes.
Knowledge of current developments and trends in ABS and CLO markets
Expert knowledge of credit and lending policies.
Demonstrated relationship management abilities.
Advanced knowledge of organizational structure, business practices, business philosophy, and ethics.
Location Expectations
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 (https://careers.usbank.com/global/en/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 (https://careers.usbank.com/global/en/benefits/us) .
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 (https://careers.usbank.com/verification-of-eligibility-for-employment) .
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
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.
Posting may be closed earlier due to high volume of applicants.
