U.S. Bank CRA Investment Portfolio Manager - CDC Specialty Finance in Minneapolis, Minnesota
At U.S. Bank, we're passionate about helping customers and the communities where we live and work. The fifth-largest bank in the United States, we’re one of the country's most respected, innovative and successful financial institutions. 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.
This position is responsible for coordinating the underwriting, due diligence, approval process, and oversight of the Community Re-Investment Act (Non-Tax Credit) Investment Portfolio for the entire U.S. Bank footprint.
The primary objective of these investments is to support and ensure access to credit opportunities that support the revitalization or stabilization of low- and moderate-income individuals and communities. This investment product is used by U.S. Bancorp Community Development Corporation and U.S. Bank Corporate Social Responsibility to help fulfill the Bank’s CRA mission, Equity Agenda and Strategic Priorities and is eligible for CRA credit in the year the investment is funded as well as each year it remains on our books.
A successful candidate for the CRA Investment Portfolio Manager position will demonstrate the ability or potential to:
Manage investment opportunities that align with USB’s corporate social responsibilities and/or USB’s Racial Equity Agenda, in partnership with Specialty Finance, USB Corporate Social Responsibility, and other internal stakeholders.
Collaborate with internal partners/sponsors to complete due diligence, underwriting and approval process for new investment opportunities.
Engage internal legal counsel for Investment Closing and Onboarding. Close and disburse investment funds
Portfolio Management: Maintain comprehensive files for each client, in a consistent manner to allow for easy access of pertinent data. Communicate and escalate any performance concerns/potential impairments and/or charge offs to manager
Risk & Compliance Tracking & Reporting: Distribute monthly summary to internal stakeholders. Complete year-end CDAT (CRA Reporting) reconciliation of investment portfolio and provide to CRA Exam Team.
Maintain Risk & Reporting Summary - monitoring client profitability, net worth and risk rating. Complete quarterly data attestation for accuracy of various reporting requirements
Integrate merger and acquisition related investment into existing portfolio
Backup support for other Specialty Finance related functions as needed.
Bachelor's or Master's degree, or equivalent work experience
Five to seven years of commercial lending experience
Strong understanding of CRA policies, regulations, and compliance
Strong relationship management and business development/sales skills
Well-developed analytical and problem-solving skills
Thorough knowledge of credit and credit quality
Thorough knowledge of bank products and services
Ability to work effectively with individuals and groups in managing customer relationships
Excellent presentation, verbal and written communication skills
Previous small business banking experience
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 (https://careers.usbank.com/global/en/disability-accommodations-for-applicants) .
Take care of yourself and your family with U.S. Bank employee benefits. We know that healthy employees are happy employees, and we believe that work/life balance should be easy to achieve. That's why we share the cost of benefits and offer a variety of programs, resources and support you need to bring your full self to work and stay present and committed to the people who matter most - your family.
Learn all about U.S. Bank employee benefits, including tuition reimbursement, retirement plans and more, by visiting careers.usbank.com .
EEO is the Law
Applicants can learn more about the company’s status as an equal opportunity employer by viewing the federal EEO is the Law (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/eeopost.pdf) poster.
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 (https://careers.usbank.com/verification-of-eligibility-for-employment) .
Due to legal requirements, U.S. Bank requires that the successful candidate hired for some positions be fully-vaccinated for COVID-19, absent being granted an accommodation due to a medical condition, pregnancy, or sincerely held religious belief or other legally required exemption. For these positions, as part of the conditional offer of employment, the successful candidate will be asked to provide proof of vaccination or approval for an accommodation or exemption upon hire.
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.
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