Credit Policy Manager

Overview

At U.S. Bank, we’re on a journey to do our best. This role focuses on risk leadership in credit policy within the Credit Policy and Governance team, partnering with Executive Credit Officers and business units. The position requires strong knowledge of credit policy, underwriting practices, regulatory requirements, and effective executive collaboration.

We are a dynamic team delivering on our mission through four pillars:
Customer, Process, Talent, and Data. Vision: we create the future of credit risk management through data, analytics, and risk process innovation. Mission: we deliver data-driven information solutions to inform significant financial decisions. Values: collaboration, integrity, simplicity, and continuous learning, in addition to U.S. Bank core values.

The Credit Policy Manager leads a team responsible for the development, revision, maintenance, and administration of credit policy through the policy lifecycle in alignment with business strategy, risk appetite, enterprise governance and regulatory requirements. This role partners with Executive Credit Officers and business-line senior management to provide a strong credit risk framework and ensure consistency across lines of business and regulatory compliance.

• Manage the credit policy framework and adherence to Enterprise policy standards.
• Demonstrate expertise in underwriting, monitoring, and risk rating practices and apply to varied portfolios.
• Identify gaps or issues and recommend policy revisions to enhance the framework while maintaining strong risk management.
• Manage policy changes to address gaps identified by internal/external audit or regulators.
• Coordinate stakeholders across functional roles to reach consensus.
• Manage communications with Executive Credit Officers and business lines regarding upcoming policy changes, reviews, and regulatory changes.
• Understand and assess the impact of potential policy changes through research and analysis of credit data and trends.
• Partner with lines of business and credit risk to document rationales for policy, standards, and procedure changes.
• Monitor and improve the efficiency and effectiveness of policy management workflow via key process indicators.
• Lead progressive development of the bank’s credit policy structure to align with peers and regulatory expectations.
• Coordinate internal and external exams of the credit policy management function.
• Prepare and remediate regulatory findings in key exams with credit and business lines (e.g., Shared National Credit exam).

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

• Expert knowledge of credit policy, underwriting, and commercial and consumer risk rating practices, including prudent assessment of metrics (e.g., FCC, DRC, liquidity, leverage).
• Knowledge of applicable laws, regulations, financial services best practices, and regulatory trends affecting credit risk and lines of business/portfolios.
• Strong understanding of business lines’ operations, products/services, systems, and associated risks and controls.
• Strong process facilitation, project management, and analytical skills.
• Strong analytical, problem-solving, and negotiation skills.
• Strong leadership, executive presence and communication skills (written and verbal).
• Demonstrated organizational strategy and talent development skills.
• Excellent attention to detail and ability to connect concepts across teams and policies.
• Ability to collaborate with risk professionals, legal, compliance, and business lines to achieve strategy goals within a prudent credit risk framework.
• Knowledge of Risk/Compliance/Audit standards and business acumen to address workforce needs.
• Strong knowledge of controls and governance expectations.
• This role requires working from a U.S. Bank location three or more days per week.

• Healthcare (medical, dental, vision); basic 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 (2–5 weeks, depending on salary grade and tenure).
• Up to 11 paid holidays; adoption assistance;
  Sick and Safe Leave accruals of one hour for every 30 worked (up to 80 hours/year).
• Additional benefits information available by employment status.

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected by applicable law. U.S. Bank participates in the E-Verify program where applicable. Background checks and compliance with applicable laws and regulations may apply to specific roles.