ABS Credit Approval Officer
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
ABS Credit Approval Officer position within Credit Risk Management with responsibility for credit approval activities for U.S. Bank’s ABS lending portfolio. 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. Knowledge of commercial asset classes, such as aircraft, container, data centers, etc. is preferred. Other responsibilities may include approval of CLO 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 ABS Credit Approval Officer will help with monitoring ABS portfolio performance. The candidate will work with Portfolio Managers, Relationship Managers, and other senior officers internally.
Basic Qualifications
- Bachelor's or advanced degree.
- Typically more than 6-7 years of applicable experience. ABS asset classes should include auto loan/lease, fleet lease, trade receivables, and consumer loans.
- Demonstrated analytical and risk management skills.
- Knowledge of ABS markets.
- Excellent verbal and written communication skills.
Preferred Skills/Experience
- Prior credit approval experience.
- Expertise in CLO/private debt securitization.
- Expertise in Commercial ABS asset classes.
- Expert knowledge of credit and lending policies.
- Demonstrated relationship management and leadership skills.
- Advanced knowledge of organization, business practices, business philosophy, and ethics.
If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants.
Benefits:
Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following (some may vary based on role, location or hours):
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
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 under applicable law.
E-Verify
U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program.
The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $170,255.00 - $200,300.00U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.
Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.
Posting may be closed earlier due to high volume of applicants.
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