Note Sale Manager

U.S. Bank • Minneapolis, MN

8d • Hybrid

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. 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
• 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
• 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.

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.
• Provides consultation services to business lines.
• Oversees reporting and data integrity.
• Drives process enhancements that improve efficiency, compliance, and risk management.
• Operates as a subject matter expert and trusted advisor for commercial credit sales across the enterprise.
• Assists the Special Assets Group’s team of Portfolio Managers (PMs) with underwriting activities and preparing reports 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.
• Develops and executes 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
• Incentive and recognition programs
• Equity stock purchase
• 401(k) contribution and pension

What This Job Offers

• Job Type: Full-time
• Career Level: Senior