Job Information
U.S. Bank Credit Policy Professional in Cincinnati, Ohio
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
We are seeking a strong risk leader in our Credit Policy Administration team which is part of our Credit Risk Administration (CRA) team.
About the CRA Team
We are a highly dynamic and talented team which delivers on our mission through four pillars: Customer, Process, Talent, and Data.
Vision | We create the future of credit risk management through data, analytics, and risk process innovation for our customers.
Mission | We deliver data-driven information solutions to protect our stakeholders and inform the most significant financial decisions in the bank.
Values | In addition to U.S. Bank core values, we prioritize collaboration, integrity, simplicity, and continuous learning.
About the Role
The Policy Professional will partner with their assigned Line of Business, other Risk Management Professionals and Managers to, depending on their function, create, implement, maintain, review or oversee an effective risk management framework through the establishment, modification, review and governance of credit policy. They may participate in projects and/or activities that ensure compliance with applicable federal, state, and local laws and regulations. They may identify gaps and inform solutions that minimize losses resulting from inadequate internal processes, systems, or human errors. They may actively identify, respond and/or escalate risks as appropriate. They may inform policies and procedures to maximize profit potential and minimize regulatory exposure. They may serve as a functional liaison between the Line of Business and the Lines of Defense. Separately, the individual will implement, manage and monitor a new policy workflow system.
In this role, you will support U.S. Bancorp’s Credit Policy Administration team through:
Implementing and managing an automated platform for the credit policy process, including platform development requirements, monitoring, and management reporting.
Partnering with portfolio managers to manage and execute policy changes
Editing existing policy manual language and writing new policy content.
Identifying gaps or other issues and providing recommendations for proposed policy revisions to appropriately enhance the policy framework while ensuring continued strong risk management.
Assessing the impact of potential credit policy changes through research and analysis of credit data and trends related to policy risk topics.
Balancing the bank’s risk tolerance, credit culture, and regulatory expectations with initiatives to simplify and streamline credit policy.
Monitoring the efficiency and effectiveness of policy through key process indicators.
Basic Qualifications
Bachelor's degree, or equivalent work experience
Typically more than six years of applicable experience
Preferred Skills
Strong collaboration, credit policy knowledge, process management and attention to detail.
Strong process facilitation, project management, and analytical skills.
Considerable knowledge of applicable laws, regulations, financial services, and regulatory trends that impact their assigned line of business (Wholesale Banking).
Considerable understanding of the business line's operations, products/services, systems, and associated risks/controls.
Considerable knowledge of Risk/Compliance/Audit competencies.
Must possess business acumen and credibility to help business line(s) proactively identify and address changing workforce needs.
Excellent presentation, interpersonal, written and verbal communication skills.
Proficient computer navigation skills using a variety of software packages, including Microsoft Office applications and word processing, spreadsheets, databases, and presentations.
Applicable professional certifications preferred.
Strong project management, implementation, and understanding of process workflow design.
The role offers a hybrid/flexible schedule, which means there's an in-office expectation of 3 or more days per week and the flexibility to work outside the office location for the other days.
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 (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
EEO is the Law
U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors. Applicants can learn more about the company’s status as an equal opportunity employer by viewing the federal KNOW YOUR RIGHTS (https://eeoc.gov/sites/default/files/2023-06/22-088_EEOC_KnowYourRights6.12ScreenRdr.pdf) EEO poster.
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) .
Job postings typically remain open for approximately 20 days of the posting date listed above, however the job posting may be closed earlier should it be determined the position is no longer required due to business need. Job postings in areas with a high volume of applicants, such as customer service, contact center, and Financial Crimes investigations, remain open for approximately 5 days of the posting listed date.