Structured Finance Credit Approval Officer

U.S. Bank • Chicago, NY

15d • 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 Structured Finance Credit Approval Officer position within Credit Risk Management with responsibility for credit approval activities for U.S. Bank’s ABS Lending and CLO portfolios. Being part of the second line of defense, the Credit Approval Officer will be responsible for review and approval of ABS exposures across various asset types, including auto, fleet lease, equipment, trade receivables and consumer loans. Other responsibilities may include approval of CLOs (both Middle Market and BSL) and private debt securitization lending facilities. The candidate should be knowledgeable in assessing various risks in an ABS transaction, such as credit, rate, liquidity, regulatory, etc. Transaction review includes the analysis of deal structure and documents, servicer evaluation and due diligence, internal rating analysis, stress testing, and adherence to bank policies and procedures. In addition, the Structured Finance Credit Approval Officer will help with monitoring ABS and CLO portfolios performance. The candidate will work with Portfolio Managers, Relationship Managers, and other senior officers internally, as well as actively participate in client due diligence meetings.

Requirements

• Bachelor's or advanced degree, or equivalent work experience
• Typically, more than 12 years of applicable experience

Nice To Haves

• Typically requires more than six to seven years of directly relevant experience across ABS asset classes, including auto loans and leases, fleet lease, equipment, trade receivables, consumer loans.
• Demonstrated ability to analyze complex transactions, legal documentation, collateral data and performance, and structural protections
• Strong data and trend analysis capabilities, distilling complex information into clear, actionable insights.
• Advanced Excel proficiency, including experience manipulating large data sets.
• Excellent verbal and written communication skills
• Prior credit approval experience.
• Expertise in CLO/private debt securitization.
• Expertise in Commercial and Consumer ABS asset classes.
• Knowledge of current developments and trends in ABS and CLO markets
• Expert knowledge of credit and lending policies.
• Demonstrated relationship management abilities.
• Advanced knowledge of organizational structure, business practices, business philosophy, and ethics.

Responsibilities

• Review and approval of ABS exposures across various asset types, including auto, fleet lease, equipment, trade receivables and consumer loans
• Approval of CLOs (both Middle Market and BSL) and private debt securitization lending facilities
• Assessing various risks in an ABS transaction, such as credit, rate, liquidity, regulatory, etc.
• Analysis of deal structure and documents, servicer evaluation and due diligence, internal rating analysis, stress testing, and adherence to bank policies and procedures
• Monitoring ABS and CLO portfolios performance
• Work with Portfolio Managers, Relationship Managers, and other senior officers internally, as well as actively participate in client due diligence meetings.

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