Dealer Services Credit Risk Manager

U.S. Bank • Cincinnati, OH

7d • Onsite

About The Position

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 Location expectations This role requires working from a U.S. Bank location three (3) or more days per week. The Credit Risk Manager is responsible for leading credit policy development and portfolio risk oversight for near prime and non-prime auto loan customers. This role supports profitable growth while maintaining effective risk controls across direct and indirect auto lending channels. The position partners with cross-functional teams to evaluate portfolio performance, recommend policy changes, and ensure alignment with regulatory and risk standards.

Requirements

• Bachelor's degree, or equivalent work experience
• 10 or more years of applicable experience
• Applicable professional certifications

Nice To Haves

• Expert understanding of the business line's operations, products/services, systems, and associated risks/controls
• Expert understanding of applicable laws, regulations, financial services, and regulatory trends that impact their assigned line of business
• Strong presentation, relationship building and negotiation skills
• Well-developed analytical skills
• Effective oral and written communication skills
• Possess business acumen and credibility to help business line(s) proactively identify and address changing workforce needs
• Experience with indirect auto lending and dealer relationship management
• Familiarity with alternative data sources and the application of machine learning in credit decisioning
• Knowledge of loan servicing, repossession and recovery strategies with non-prime portfolios
• Bachelor's degree Finance, Economics, Business or related field (Master's degree preferred)
• 10+ years of experience in credit risk or policy management, preferably in auto finance or consumer lending
• Strong understanding of near prime or non-prime credit behavior, auto loan underwriting, and dealer networks
• Proficiency with Microsoft Office 365, data analysis tolls (e.g., SAS, SQL, Python), and credit decisioning systems
• Excellent written and verbal communication skills, with the ability to influence and present to senior and cross-functional stakeholders

Responsibilities

• Develop and maintain credit policies and underwriting standards for near prime and non-prime auto loans.
• Establish and refine credit criteria, including LTV, PTI, DTI, term limits, collateral age, and amount financed.
• Monitor portfolio performance, delinquency trends, and loss metrics; perform segmentation and risk analysis.
• Lead reviews of credit cutoffs, scorecard performance, and exception management.
• Collaborate with credit operations, dealer management, pricing, and data teams to implement policy changes.
• Support new product initiatives, channel expansion, and geographic growth.
• Present credit policy recommendations and risk insights to leadership and governance committees.
• Ensure compliance with regulatory requirements, including ECOA, FCRA, and UDAAP.

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 of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees