Senior Credit Approval Officer for Asset Backed Securities

U.S. Bank • Charlotte, NC

1d • Hybrid

About The Position

This role is for a Senior Credit Risk Approver with approval responsibilities across U.S. Bank's Fixed Income & Capital Markets businesses and related growth initiatives within Global Capital Markets and Wealth, Corporate, Commercial and Institutional Banking (WCIB). The position will be responsible for approving credit risk and market distribution risk related to U.S. Bank's activities in capital markets underwriting, equity capital markets, debt capital markets, loan capital markets, municipal products, structured credit, derivatives, and other markets-focused financing solutions, as well as for the related sales and trading platforms. In addition to overall credit approval responsibilities for Fixed Income & Capital Markets and WCIB growth initiatives, this position will work collaboratively with the business lines to both maintain and ensure compliance with related policies and procedures, monitor and report on risk across the portfolios (including timely determination of risk ratings and ratings migration), ensure compliance with regulatory requirements, and identify trends, potential risks and issues and integrate and support new product introductions and market expansions. The position will also work closely with all the business lines across WCIB and the Institutional Client Group (ICG) to both serve as a subject matter expert on and provide guidance and training related to the Fixed Income & Capital Markets businesses.

Requirements

• Bachelor's or advanced degree in economics, finance or accounting, or equivalent work experience
• 15 or more years of experience in a credit risk management environment, including experience managing credit and distribution risk within Fixed Income and Global Capital Markets businesses

Nice To Haves

• Demonstrated experience in credit risk management and credit approval
• Demonstrated experience and understanding of capital markets transactions
• Demonstrated experience in risk analysis, structuring and portfolio management skills for assigned businesses
• Ability to collaborate effectively with business units to increase revenue and grow portfolios while appropriately managing risk
• Excellent interpersonal, presentation, written and verbal communication skills with a proven track record of establishing and maintaining effective relationships with business leaders
• Considerable understanding of applicable internal policies, laws, regulations, financial services, and regulatory trends that impact the banking in general, and specifically the Fixed Income & Capital Markets businesses
• Considerable understanding of the business line’s operations, products/services, systems, and associated risks/controls
• Thorough knowledge of Risk/Compliance/Audit competencies
• Strong leadership and management skills of processes, projects and people
• Effective skills at managing stressful situations
• Strong analytical, problem-solving and negotiation skills
• Proficient computer skills, especially Microsoft Office applications

Responsibilities

• Approving credit risk and market distribution risk related to U.S. Bank's activities in capital markets underwriting, equity capital markets, debt capital markets, loan capital markets, municipal products, structured credit, derivatives, and other markets-focused financing solutions, as well as for the related sales and trading platforms.
• Maintaining and ensuring compliance with related policies and procedures.
• Monitoring and reporting on risk across the portfolios, including timely determination of risk ratings and ratings migration.
• Ensuring compliance with regulatory requirements.
• Identifying trends, potential risks and issues.
• Integrating and supporting new product introductions and market expansions.
• Serving as a subject matter expert on Fixed Income & Capital Markets businesses.
• Providing guidance and training related to the Fixed Income & Capital Markets businesses.

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: Senior
• Number of Employees: 5,001-10,000 employees