Note Sale Manager
About The Position
The Note Sale Manager leads the planning, execution, governance, and continuous improvement of commercial loan sale and assignment activities across U.S. Bank's Special Assets Group. This role serves as the primary liaison between business lines, relationship managers, Legal, Loan Operations, external investors, and other stakeholders to facilitate the successful disposition of performing and non-performing commercial assets. The position is responsible for managing note sale transactions, developing and maintaining procedures and controls, providing consultation services to business lines, overseeing reporting and data integrity, and driving process enhancements that improve efficiency, compliance, and risk management. The Note Sale Manager operates as a subject matter expert and trusted advisor for commercial credit sales across the enterprise. As a secondary function (<25%), the Note Sale Manager will also assist the Special Assets Group’s team of Portfolio Managers (PMs). Portfolio Managers are responsible for underwriting activities and preparing reports for distressed commercial credit relationships while supporting the Bank's risk management, workout, and loss mitigation objectives. The role serves as the primary operational and analytical lead partnering closely with Relationship Managers, Credit Officers, Legal, Loan Operations, and senior leadership to develop and execute strategies that maximize recovery, minimize losses, and support risk management.
Requirements
- Bachelor's degree, or equivalent work experience
- Typically more than 10 years of applicable experience
- Thorough knowledge of Risk/Compliance/Audit competencies
- Proficient computer skills, especially Microsoft Office applications
- 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.
Nice To Haves
- Experience in commercial banking, loan workouts, special assets, or loan sale activities
- Advanced understanding of commercial credit structures, loan documentation, collateral, and assignment processes
- Strong leadership and management skills
- Effective written and verbal communication skills
- Strong analytical, problem-solving and negotiation skills
Responsibilities
- Leads the planning, execution, governance, and continuous improvement of commercial loan sale and assignment activities.
- Serves as the primary liaison between business lines, relationship managers, Legal, Loan Operations, external investors, and other stakeholders.
- Facilitates the successful disposition of performing and non-performing commercial assets.
- Manages note sale transactions.
- Develops and maintains procedures and controls for note sales.
- Provides consultation services to business lines regarding commercial credit sales.
- Oversees reporting and data integrity for note sales.
- Drives process enhancements to improve efficiency, compliance, and risk management in commercial credit sales.
- Assists the Special Assets Group’s team of Portfolio Managers with underwriting activities and report preparation for distressed commercial credit relationships.
- Supports the Bank's risk management, workout, and loss mitigation objectives.
- Serves as the primary operational and analytical lead partnering closely with Relationship Managers, Credit Officers, Legal, Loan Operations, and senior leadership to develop and execute strategies that maximize recovery, minimize losses, and support risk management.
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
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What This Job Offers
Job Type
Full-time
Career Level
Senior
