U.S. Bank Allowance for Credit Losses (ACL) Controller in Minneapolis, Minnesota
At U.S. Bank, we're passionate about helping customers and the communities where we live and work. The fifth-largest bank in the United States, we’re one of the country's most respected, innovative and successful financial institutions. 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.
The ACL Controller supports the review and refinement of all Executive, Oversight, and Business Line communications related to credit reserve calculations and allocations to ensure information is consistent, timely, and concise. The position ensures coordination of activities and analysis of two analytical teams within the Credit Allowance Team to support and present reserve recommendations to executive management. The position will have a small team of direct reports.
Consistent with the consolidation and coordination of the total Allowance for Credit Losses, this individual is responsible for leading the team to:
Develop, document and communicate a governance calendar
Document and evaluate peer and benchmark metrics
Manage credit policies associated with the allowance governance
Manage allowance methodology documents including the Reasonable and Supportable Framework and the Qualitative Reserve methodology
Develop executive committee presentations for key governance and communication of allowance risk coverage, methodology and estimates throughout the quarter
Finalize estimate, governance minutes and documentation for external reviewers including attribution analysis
Coordinate quarterly general ledger journal entries and accounting allocations
Coordinate and consolidate forecasts including CCAR consolidation, Challenge and Submission
Working with Finance, review and document financial and regulatory disclosures
Coordinate provision expense estimates for strategic plans and capex proposals
Working with Regulatory Relations, manage exams (regulatory and audit) and monitor findings remediation as applicable
Bachelor’s degree in relevant field (Finance, Accounting, Economics, or Statistics)
15 or more years of experience in an applicable risk management environment
Creative problem solver with the ability to develop processes and systems using conceptualizing, reasoning, and interpretation skills. Solutions require a thorough understanding of issues affecting credit performance and credit model limitations
Strong communication, organization, and presentation skills, including PowerPoint
Analytical Abilities / Financial Acumen – Systematic application of a combination of inductive and deductive reasoning to examine information, interpret results, and arrive at well-founded logical conclusions
Advanced Microsoft Program Usage (Microsoft Excel, Microsoft Word, Microsoft PowerPoint)
Significant experience in credit analysis, accounting, and/or financial reporting and projections
Certified Public Accountant with history of effective process design, strong control execution and transparent and effective documentation / communication
Working knowledge of data querying languages and analytical software, such as SAS or SQL
Solid understanding of statistical concepts.
Strong leadership and management skills of processes, projects and people
Excellent written and verbal communication skills
Strong analytical, problem-solving and negotiation skills
Proficient computer skills, especially Microsoft Office applications
Take care of yourself and your family with U.S. Bank employee benefits. We know that healthy employees are happy employees, and we believe that work/life balance should be easy to achieve. That's why we share the cost of benefits and offer a variety of programs, resources and support you need to bring your full self to work and stay present and committed to the people who matter most - your family.
Learn all about U.S. Bank employee benefits, including tuition reimbursement, retirement plans and more, by visiting usbank.com/careers (https://www.usbank.com/careers/index.html) .
EEO is the Law
Applicants can learn more about the company’s status as an equal opportunity employer by viewing the federal EEO is the Law (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/eeopost.pdf) poster.
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://www.usbank.com/careers/verification-of-eligibility-for-employment.html) .
Our 74,000 employees work across departments to help our millions of retail, business, wealth management, payment, commercial and corporate, and investment services customers across the country and around the world turn their dreams into reality. Our employees are empowered to create change and drive our future, and we pride ourselves on diligently and ethically upholding U.S. Bank’s best-in-class financial record and legacy of more than 150 years in banking. Most importantly, we put people first, cultivating and treasuring meaningful relationships with the customers we serve, the colleagues we support and the communities where we live and work.