Posted:
8/30/2024, 5:45:17 AM
Location(s):
Minneapolis, Minnesota, United States ⋅ California, United States ⋅ San Francisco, California, United States ⋅ Minnesota, United States
Experience Level(s):
Expert or higher ⋅ Senior
Field(s):
Data & Analytics
Workplace Type:
Hybrid
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.
Essential Functions:
-Prepare ongoing and ad hoc reporting to identify trends and emerging risks in the Home Equity portfolio.
-Coordinate with the Business Line and other members of the Second Lines of Defense to assess changes that impact the portfolio’s credit risk, including marketing programs, Line Management programs, updates to the Loan Origination Systems and Servicing Systems, changes to Credit Policy, and other ongoing initiatives.
-Perform ad-hoc, quarterly, and annual analysis of key credit risk topics such as HELOC qualification rates, interest rates, Loan-to-Value restrictions, exception limits, Through-the-Cycle guidelines, and other areas.
-Manage the review of the current Line Management programs to ensure that recommended Home Equity Line of Credit (HELOC) restrictions comply with approved practices.
-Ensure the data collection, documentation, and reporting processes comply with the Bank’s governance policies such as the Data Governance, Model Risk Management, and other policies.
-Keep abreast of industry best practices, regulatory guidance, and external risk environment and apply to the oversight of risk management activities.
Preferred Skills/Experience:
- Excellent written and verbal communication skills, including the proven ability to understand, synthesize, and translate complex concepts into straight forward messages.
- Able to manage multiple competing demands and prioritize effectively in a dynamic environment.
- The ideal candidate will have a well-rounded risk management background including a strong understanding of Credit Risk Management and Residential Real Estate. Prior experience on Home Equity/2nd Lien lending preferred.
- Effective relationship building and negotiation skills with a demonstrated ability to effectively work with others as part of a high performing team.
- Strong process facilitation, project management, and analytical skills.
- Proficient in Microsoft Excel, PowerPoint, and Word; Experience with SAS, Tableau, and PowerBI are a plus.
-Experience with Loan Origination and Servicing systems such as Net Oxygen, MSP, and ALS is a plus.
This role offers a hybrid/flexible schedule, which means there's an in-office expectation of 3 or more days per week and the flexibility to work outside the office location for the other days.
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
EEO is the Law
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. Applicants can learn more about the company’s status as an equal opportunity employer by viewing the federal KNOW YOUR RIGHTS EEO poster.
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: $129,455.00 - $152,300.00 - $167,530.00U.S. Bank will consider qualified applicants with criminal histories in a manner consistent with the San Francisco Fair Chance Ordinance.Job postings typically remain open for approximately 20 days of the posting date listed above, however the job posting may be closed earlier should it be determined the position is no longer required due to business need. Job postings in areas with a high volume of applicants, such as customer service, contact center, and Financial Crimes investigations, remain open for approximately 5 days of the posting listed date.Website: https://www.usbank.com/
Headquarter Location: Minneapolis, Minnesota, United States
Employee Count: 10001+
Year Founded: 1863
Industries: Financial Services