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About the Role

The Credit Policy Manager leads a team responsible for the development, revision, maintenance, and administration of credit policy throughout its lifecycle, ensuring alignment with business strategy, risk appetite, enterprise governance, and regulatory requirements. This role involves partnering with Executive Credit Officers and senior management to establish a robust credit risk framework and maintain consistency across business lines and regulatory compliance.

Responsibilities

Manage the credit policy framework and adherence to Enterprise policy standards.
Demonstrate expert knowledge of underwriting, monitoring, and risk rating practices and their application to varied portfolios.
Identify gaps or issues and provide recommendations for policy revisions to enhance the policy framework and maintain strong risk management.
Manage policy changes to address gaps identified by internal audit, external audit, or bank regulators.
Coordinate stakeholders across functional roles to achieve consensus.
Manage communications with Executive Credit Officers and business lines regarding upcoming policy changes, reviews, and regulatory changes.
Assess the impact of potential credit policy changes across various portfolios through research and analysis of credit data and trends.
Partner with lines of business and credit risk to document rationales for policy, standards, and procedure changes.
Monitor and improve the efficiency and effectiveness of policy and the policy management workflow system.
Lead the development of the bank’s credit policy structure to align with peers and regulatory expectations.
Coordinate internal and external exams of the credit policy management function.
Partner with credit and business lines to prepare and remediate regulatory findings in key exams.

Requirements

Bachelor's or advanced degree, or equivalent work experience.
Typically more than 12 years of applicable experience.
Expert knowledge of credit policy, underwriting, and commercial and consumer risk rating practices.
Knowledge of applicable laws, regulations, financial services best practices, and regulatory trends impacting credit risk.
Strong understanding of business lines’ operations, products/services, systems, and associated risks and controls.
Strong process facilitation, project management, and analytical skills.
Strong analytical, problem-solving, and negotiation skills.
Strong leadership, executive presence, and communication (written and verbal) skills.
Demonstrated organizational strategy and talent development skills.
Excellent attention to detail and ability to connect concepts across teams/policies.
Ability to collaborate and partner across risk professionals, legal, compliance, and business lines.
Knowledge of Risk/Compliance/Audit standards.
Business acumen and credibility to help business lines proactively identify and address changing workforce needs.
Strong knowledge of controls and governance expectations.
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.

Skills

Credit policy
Underwriting
Risk rating practices
Process facilitation
Project management
Analytical skills
Problem-solving
Negotiation skills
Leadership
Executive presence
Written communication
Verbal communication
Organizational strategy
Talent development
Attention to detail
Collaboration
Risk management
Compliance
Audit
Business acumen
Controls
Governance

Location

U.S. Bank location

Work Type

Onsite (three or more days per week)

Experience Level

12+ years of applicable experience

Education Level

Bachelor's or advanced degree, or equivalent work experience

Salary/Compensations

$149,515.00 - $175,900.00

Benefits

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
Incentive and recognition programs
Equity stock purchase
Pension

About the Company

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.
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.

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.
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.
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).
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.