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

The Mortgage Credit/Underwriting & Business Line Risk Leader, is a strategic leadership role responsible for executing the credit risk framework and underwriting strategies across the organization's mortgage portfolio, as well as providing oversight of the business line’s control activities and ensuring adherence to U.S. Bank’s Risk Management Framework, including risk appetite risk scorecard metrics and to all risk-related and departmental policies, process, and procedures. Reporting directly to Head of Mortgage, this role oversees the ongoing identification and assessment of the mortgage business material risks and key controls, working in partnership with the CBBP CRO, to ensure adherence to sound risk management practices, regulatory compliance, and business growth objectives are balanced while maintaining the integrity of the credit process.

Key Responsibilities

· Provide executive oversight of mortgage credit and underwriting policies and direct activities to monitor ongoing compliance with our risk management framework ensuring alignment with enterprise risk appetite and regulatory expectations.

· Lead key risk program accountabilities across Mortgage: issue management, audit and exam management, assurance programs, operational and technical resiliency, regulatory change management, model risk management, data risk governance, compliance risk management, risk profile and control design as well as SOX, FRRC and SOCR

· Strategic planning, implementation, and continuous improvement of business line risk and credit and underwriting standards for all mortgage products.

· Monitor portfolio performance, emerging risks, and market trends to recommend proactive risk mitigation strategies.

· Collaborate with product, sales, operations, compliance, and technology teams to drive business results while ensuring robust risk management.

· Lead the response to new regulations, market conditions, and internal policy changes, ensuring timely and effective operational adjustments.

· Drive innovation in risk analytics, credit technology, and process automation to enhance decision quality and operational efficiency

· Responsible for the identification and escalation of material risks and control deficiencies to the appropriate parties, including significant instances where risks

are not aligned with our Risk Appetite as well as significant instances of non-compliance with policy requirements.

· Ensure that appropriate actions are taken to evaluate root cause for adverse events, and to drive corrective actions to strengthen risk management practices or reduce risk across the enabling functions. 

· Ensure adherence to programs that are established to attract, develop, and retain the talent and staffing levels necessary to support U.S. Bank’s Risk Management Framework and Risk Appetite. 

Qualifications

• Bachelor’s degree in Finance, Business Administration, Economics, or a related field; MBA or advanced degree preferred.

• 10+ years of progressive leadership experience in mortgage credit, underwriting, and risk management roles, preferably within a large financial institution.

• Comprehensive knowledge of mortgage products, credit risk assessment, underwriting practices, and regulatory requirements (e.g., CFPB, OCC, FHA, Fannie Mae/Freddie Mac guidelines).

• Expert understanding of applicable laws, regulations, financial services, and regulatory trends that impact Mortgage

• Highly skilled relationship and negotiation skills as well as strong ability to manage through crisis situations 

• Exceptionally strong skills in leadership and management of process, projects, presentations and people 

• Experience with credit risk modeling, data analytics, and technology solutions is highly desirable.

• Exceptionally strong oral and written communication, interpersonal, planning and implementation skills 

• Experience managing a large senior team 

• Strong system skills (Microsoft 365)

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.

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

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.

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.

The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $214,795.00 - $252,700.00

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). In addition, 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.

Applicants 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.

Posting may be closed earlier due to high volume of applicants.