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About the Role
Portfolio Managers (PMs) are responsible for underwriting distressed commercial credit relationships, preparing reports, and supporting the Bank's risk management objectives. PMs act as the primary operational and analytical lead, collaborating with various departments to maximize recovery and minimize losses. As a senior member, PM Managers handle complex relationships and manage a team of PMs, overseeing staffing, performance, and guidance.
Responsibilities
- Underwriting activities for distressed commercial credit relationships
- Preparing reports for distressed commercial credit relationships
- Supporting the Bank's risk management, workout, and loss mitigation objectives
- Serving as the primary operational and analytical lead
- Partnering with Relationship Managers, Credit Officers, Legal, Loan Operations, and senior leadership
- Developing and executing strategies to maximize recovery and minimize losses
- Managing a team of PMs, including staffing, performance management, prioritizing, guidance, and training
Requirements
- Bachelor's or advanced degree, or equivalent work experience
- Typically more than 12 years of applicable experience
- Experience in commercial banking, loan workouts, or special assets activities
- Advanced understanding of commercial credit structures, loan documentation, collateral, and assignment processes
- Strong leadership and management skills
- Effective written and verbal communication skills
- Proficient computer skills, especially Microsoft Office applications
- Thorough knowledge of Risk/Compliance/Audit competencies
- Strong analytical, problem-solving and negotiation skills
- Ability 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
- Commercial credit structures
- Loan documentation
- Collateral
- Assignment processes
- Leadership
- Management
- Written communication
- Verbal communication
- Microsoft Office applications
- Risk management
- Compliance
- Audit competencies
- Analytical skills
- Problem-solving
- Negotiation skills
Location
- U.S. Bank location
Work Type
- Hybrid
Experience Level
- 12+ years of applicable experience
- Senior level
Education Level
- Bachelor's degree or advanced degree
- 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
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.
- 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.
- 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.
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.