Credit Risk Management Specialist

7 days ago


Minneapolis, Minnesota, United States U.S. Bank Full time

Job Summary

The Senior Credit Risk Manager will be a key member of the Residential Real Estate Corporate Credit Risk Management team at U.S. Bank. This role is responsible for managing the credit risk for the Home Equity portfolio. The ideal candidate will have a strong understanding of Credit Risk Management and Residential Real Estate, with prior experience on Home Equity/2nd Lien lending preferred.

Key Responsibilities

  • Prepare ongoing and ad hoc reporting to identify trends and emerging risks in the Home Equity portfolio.
  • Coordinate with the Business Line and other members of the Second Lines of Defense to assess changes that impact the portfolio's credit risk, including marketing programs, Line Management programs, updates to the Loan Origination Systems and Servicing Systems, changes to Credit Policy, and other ongoing initiatives.
  • Perform ad-hoc, quarterly, and annual analysis of key credit risk topics such as HELOC qualification rates, interest rates, Loan-to-Value restrictions, exception limits, Through-the-Cycle guidelines, and other areas.
  • Manage the review of the current Line Management programs to ensure that recommended Home Equity Line of Credit (HELOC) restrictions comply with approved practices.
  • Ensure the data collection, documentation, and reporting processes comply with the Bank's governance policies such as the Data Governance, Model Risk Management, and other policies.
  • Keep abreast of industry best practices, regulatory guidance, and external risk environment and apply to the oversight of risk management activities.

Requirements

  • Bachelor's degree, or equivalent work experience.
  • Typically more than 10 years of applicable experience.

Preferred Skills/Experience

  • Excellent written and verbal communication skills, including the proven ability to understand, synthesize, and translate complex concepts into straightforward messages.
  • Able to manage multiple competing demands and prioritize effectively in a dynamic environment.
  • Strong process facilitation, project management, and analytical skills.
  • Proficient in Microsoft Excel, PowerPoint, and Word; Experience with SAS, Tableau, and PowerBI are a plus.
  • Experience with Loan Origination and Servicing systems such as Net Oxygen, MSP, and ALS is a plus.

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

EEO is the Law

U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors.



  • Minneapolis, Minnesota, United States U.S. Bank Full time

    Job SummaryThe Senior Credit Risk Manager will be a key member of the Residential Real Estate Corporate Credit Risk Management team at U.S. Bank. This role is responsible for managing the credit risk for the Home Equity portfolio. The ideal candidate will have a strong understanding of Credit Risk Management and Residential Real Estate, with prior experience...

  • Credit Risk Analyst

    1 week ago


    Minneapolis, Minnesota, United States Nilfisk Group Full time

    PRIMARY ROLE The role involves overseeing the management of overdue accounts, conducting credit assessments, and evaluating credit exposure risks. Engaging with clients regarding payment timing and deductions is also a key responsibility. KEY RESPONSIBILITIES Assess overdue accounts and decide on the appropriate collection measures.Distribute customer...


  • Minneapolis, Minnesota, United States Bridgewater Bank Full time

    We are looking for a meticulous and analytical Lead Credit Risk Analyst to become a vital part of our Credit team. The Lead Credit Risk Analyst will assist lenders by assessing the financial health of individuals and businesses seeking credit from the bank. This role typically involves handling larger and more intricate transactions. KEY...

  • Credit Risk Analyst

    2 weeks ago


    Minneapolis, Minnesota, United States Nilfisk Group Full time

    PRIMARY ROLE The primary responsibilities include overseeing the management of overdue accounts, conducting credit assessments, and identifying potential credit risks. Collaborating with clients regarding payment schedules and deductions is essential. KEY RESPONSIBILITIES Assess overdue accounts and determine appropriate collection strategies.Issue customer...


  • Minneapolis, Minnesota, United States Tailored Management Full time

    Title: Credit & Collections RepresentativeJob Overview: The Credit & Collections Representative plays a vital role in managing credit-related activities and ensuring timely resolution of outstanding orders. This position is essential for maintaining effective communication with clients and internal teams to facilitate smooth order processing.Key...


  • Minneapolis, Minnesota, United States Tailored Management Full time

    Position: Collections and Credit SpecialistOverview: The Collections and Credit Specialist is tasked with managing credit-related orders, ensuring timely resolution of outstanding issues to facilitate order processing.Key Responsibilities:Review and assess credit-held orders, making informed decisions based on established credit policies.Handle both inbound...


  • Minneapolis, Minnesota, United States U.S. Bank Full time

    About U.S. BankAt U.S. Bank, we are committed to excellence in serving our customers and communities. We strive to empower individuals and businesses to make informed financial choices while fostering growth and success in the communities we serve.We recognize that our collective ambition is realized through the unique contributions of each team member. A...


  • Minneapolis, Minnesota, United States Breakthru Beverage Group Full time

    Position Title: Credit AssociateCompany: Breakthru Beverage GroupType: Regular Full-TimeCategory: Finance/AccountingOverview: The main objective of this role is to handle the processing and verification of credit applications, manage the New Account setup process, and oversee the maintenance of closed accounts, third-party collections, and bankruptcies. This...


  • Minneapolis, Minnesota, United States Breakthru Beverage Group Full time

    Position Overview:The main objective of this role is to handle the processing and verification of applications for credit terms, as well as the establishment and maintenance of new accounts, along with the management of closed accounts, third-party collections, and bankruptcies. This position also involves overseeing high-profile accounts receivable and...


  • Minneapolis, Minnesota, United States U.S. Bank Full time

    About the Role:U.S. Bank is seeking an experienced Credit Approval Officer to support our Business Banking organization. This individual will be part of a team supporting the Business Banking California and West Regions for Commercial (C&I) and Commercial Real Estate (D&I) lending.Key Responsibilities:Approve loans in excess of Business Banking Credit...


  • Minneapolis, Minnesota, United States BC Management Inc Full time

    Job SummaryWe are seeking a highly skilled Director of Operational Risk Management to join our team at BC Management Inc. As a key member of our Global Risk Services department, you will be responsible for leading and embedding the operational risk management framework at the enterprise level.Key ResponsibilitiesManage and improve the operational risk...


  • Minneapolis, Minnesota, United States Russell Tobin & Associates Full time

    Job Summary:Russell Tobin & Associates is seeking a highly skilled Vendor Risk Management Specialist to join our team. As a key member of our vendor management team, you will be responsible for driving key business relationships with business partners across our bank.Key Responsibilities:Vendor lifecycle management, including onboarding, oversight,...


  • Minneapolis, Minnesota, United States BC Management Inc Full time

    Job SummaryWe are seeking a highly skilled Director of Operational Risk Management to join our team at BC Management Inc. As a key member of our Global Risk Services department, you will be responsible for leading and embedding the operational risk management framework at the enterprise level.Key ResponsibilitiesOperational Risk Framework ManagementDevelop...


  • Minneapolis, Minnesota, United States Cypress HCM Full time

    Job OverviewThe Lead Credit and Collections Specialist plays a crucial role in managing collection efforts for significant and intricate accounts. This position requires analytical skills to assess collection activities while working under the guidance of a supervisor. Key duties include evaluating credit-held orders and advising on credit extensions.Key...


  • Minneapolis, Minnesota, United States Diedre Moire Corp. Full time

    Position Overview:We are seeking a highly skilled Mergers and Acquisitions Risk Management Specialist to join our team at Diedre Moire Corp. This role focuses on the development and implementation of tailored insurance solutions for M&A transactions.Key Responsibilities:Collaborate with stakeholders to create customized insurance policies that address...


  • Minneapolis, Minnesota, United States Adecco US, Inc. Full time

    Adecco US, Inc. is looking for a skilled **Senior Credit and Collections Specialist** to contribute to our client's financial operations. In this pivotal role, you will be responsible for the effective management of outstanding receivables, ensuring timely collections while maintaining strong relationships with key accounts. This position provides a...


  • Minneapolis, Minnesota, United States WELLS FARGO BANK Full time

    Position Overview:Wells Fargo is looking for a Senior Specialist in Financial Crimes to be part of the Policy Implementation Review team within the Financial Crimes Risk Management division. This role is crucial for ensuring adherence to financial crimes policies across the organization.Key Responsibilities:Conduct thorough reviews of financial crimes...


  • Minneapolis, Minnesota, United States U.S. Bank Full time

    Job SummaryThe CAO Risk Management QA Audit Supervisor is a critical role within U.S. Bank, responsible for ensuring the integrity and execution of the Bank's Quality Assurance (QA) program. This position requires a strong understanding of risk management principles, audit methodologies, and compliance regulations.Key ResponsibilitiesLead design assessments...


  • Minneapolis, Minnesota, United States Old National Bank Full time

    Position Overview:Old National Bank has a long-standing tradition of serving clients and communities since 1834. With a robust asset base of $50 billion, we are a significant regional institution committed to supporting our clients in achieving their aspirations while prioritizing social responsibility through community engagement and charitable...


  • Minneapolis, Minnesota, United States MERCHANT & GOULD PC Full time

    Job OpportunityMERCHANT & GOULD PC is seeking a skilled Credit and Accounts Receivable Specialist to join our accounting department. As a key member of our team, you will be responsible for managing client invoices, resolving collection issues, and maintaining accurate financial records.Key Responsibilities:Contact clients to resolve and collect outstanding...