U.S. Bank Credit Loss Allowance Senior Financial Analyst 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 Credit Loss Allowance Senior Financial Analyst will support completion of credit analytics, reporting, and documentation as required to support allowance recommendations and present recommendations to executive management for their assigned portfolios. Documentation will incorporate management views on factors affecting reserve estimates and address model validation, audit, and regulatory requirements. Key capabilities are ability to execute and troubleshoot processes that assimilate data and forecasts from multiple sources and portfolios, and knowledge of financial accounting and lending concepts.
Develop and execute reporting routines to support reporting and analysis of the Allowance for Credit Loss (ACL) credit reserves and provision expense
Update documentation and reporting to communicate procedures and outcomes for financial results, regulatory reporting, capital analysis, and other risk management and financial reporting functions.
Develop analytics and procedures to support calculation, reporting, and forecasting of loan loss allowance components. Ensure results are consistent with accounting standards and management loss expectations.
Execute SOX control process and retain key evidence to support GL entries and financial reporting schedules related to allowance and credit statistics. Review certain calculations and reports with internal and external audit.
Ensure appropriate process design and documentation (i.e., model validation, testing, maintenance, detective review controls). Ensure model limitations and qualitative risks are understood and addressed in the overall allowance framework.
Collect credit information from various internal and external systems that support calculation, reporting, and forecasting of loan loss allowance components.
Investigate and report on credit quality levels and trends.
Example projects: Work with Credit Risk Management to develop appropriate benchmarks for portfolio level reserve evaluation; Review Model Validation observations and manage response planning / disposition.
Bachelor's degree, or equivalent work experience
Seven to ten years of applicable experience
Bachelor’s degree in relevant field (Finance, Accounting, Economics, or Information Systems), or equivalent work experience
7 to 10 years of experience in credit analysis or financial reporting
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
Solid understanding of statistical concepts.
Competency with data querying languages and analytical software, including SAS
Advanced Microsoft Excel and/or PowerPoint skills
Resourceful problem solver, with ability to identify and correct reporting issues
Experience in risk management, credit underwriting, or credit reporting
Advanced degree or certification in finance, accounting, risk management or relevant field
Direct experience with Allowance for Credit Losses
Previous experience building or evaluating roll rate, vintage, or probabilistic models
Significant experience in credit analysis, accounting, and/or financial reporting
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 at 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 at 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 at 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.