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

In this Credit Risk Management role, you will help design and execute programs and projects to identify, measure, monitor, and mitigate climate-related credit risks arising from physical/environmental and industry transition risks.

You will engage with risk management and business unit leaders to execute the bank’s roadmap to evaluate and manage climate-related financial risks and opportunities.  You will identify and execute best practices and develop insights and analysis to assess current exposure and mitigate short-term and long-term financial risks.  This is a hands-on role that requires managing projects simultaneously and adjusting priorities as the business and regulatory environment evolves.

While primarily focused on climate-related risks, the role may include opportunities to engage in other cross-functional or cross-business line initiatives for the Credit Strategy team within CRM, as well as corporate responsibility matters adjacent to credit risk.

Key Activities

Partnering with credit portfolio risk managers and U.S. Bank business units to identify and manage climate-related emerging risks associated with their respective portfolios. This includes developing relevant metrics and segmentation to assess exposure at risk and credit policies to mitigate short-term and long-term risks, with demonstrated value creation where feasible.

Serving as Credit Risk Management’s liaison with the Corporate Social Responsibility and Finance functions by gathering information necessary for corporate disclosures.

Assisting in developing requirements for technology projects to gather relevant data and execute credit underwriting tied to climate change and sustainable finance, and design ongoing or ad-hoc analyses as needed.

Assessing vendor tools and industry best practices for identification, measurement and mitigation of risks associated with the environment and sustainable finance assisting in implementing these tools and practices across the company.

Working with the centralized reporting team to develop and maintain climate-relevant reporting, risk limits and analysis, and performing climate scenario analysis to understand the bank’s exposure to environmental risks and opportunities.

Preparing management reports and presentations to communicate current state and progress on credit-focused initiatives related to climate risks.

Core Competencies:

- Hands-on leader who excels at collaborating across functional areas to develop, drive and maintain the climate risk strategy and ensure we meet core business objectives

- Self-starter, ability to quickly assimilate and analyze large amounts of information across a variety of topics

- Strong tenacity and resilient under pressure and self-motivated in a fast paced and demanding environment

- Highly engaged, strong attention to detail, and outcome oriented

- Strong analytical problem solving, and the person should have a high level of integrity to deal with highly confidential data

- Presents persuasively and authoritatively to peers and senior leadership, while facilitating collaborative conversation

- Consistently delivering work that meets or exceeds commitments

Basic Qualifications
- Bachelor's degree, or equivalent work experience
- Typically more than 10 years of applicable experience

Preferred Skills/Experience

- Knowledge of Credit Risk Management concepts and familiarity working with U.S. Bank credit databases
- Prior familiarity working with concepts related to climate risks and environmental sustainability
- Strong analytical skills in Excel and Business Intelligence tools (e.g. Power BI); familiarity with statistical concepts

- Programming experience in Python or SQL preferred
- Experience managing cross-functional projects
- Well-developed verbal and written communication skills

The role offers a hybrid/flexible schedule, which means there's an in-office expectation of 3 or more days per week and the flexibility to work outside the office location for the other days.

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: $133,365.00 - $156,900.00

U.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.