Our Ability Jobs

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

This role has multiple levels, open to candidates with a minimum of four years of relevant experience. The successful candidate will be hired for the level of the position that aligns with their experience.

U.S. Bank is currently searching for a Portfolio Manager to join a specialty industry division within the Financial Institutions Group.

In this role, you will partner with Relationship Manager(s) and Senior Product Partners to underwrite and successfully manage a portfolio of credit relationships within both the Securities Industry (“SI”), and Private Capital and Global Asset Management (“PCGAM”) divisions. You will contribute and have a direct impact on revenue goals and business objectives by supporting the successful closing of new business (relationships), as well as the retention and expansion of relationships with existing customers, in alignment with the overall business strategy and risk appetite.

Key accountabilities will include:

• Manage assigned client portfolio via quarterly portfolio monitoring and reporting; assign and maintain borrower risk ratings; prepare and present credit requests for Credit Approval

• Primary underwriting responsibility for new and existing client credit requests; analyze borrower and transaction data and prepare comprehensive written analysis; track credit agreement requirements, receipt of customer's reporting requirements, and credit/borrower metric trends

• Screen new deals and assist with client term sheets; coordinate with legal counsel on deal document review; and liaise with operations on deal closings.

As a subject matter expert, you will leverage industry experience to effectively collaborate with SI/PCGAM Relationship Managers and product partners, will participate in client meetings and presentations, identify needs and business opportunities, and recommend appropriate solutions for USB’s customers.

Basic Qualifications

• Bachelor's degree, or equivalent work experience

• Four or more years of relevant experience

Preferred Skills/Experience

• Extensive knowledge of commercial/corporate lending and credit standards, loan/credit agreements and other legal documentation, policies, procedures and products

• Credit underwriting experience and coverage of financial institutions and fund finance

• Strong relationship management and business development skills

• Attention to detail and ability to think critically

• Strong analytical and problem-solving skills

• Excellent presentation skills, including ability to communicate effectively and persuasively

• Ability to write clearly and concisely, particularly to describe complex transactions or structures, if applicable

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 (https://careers.usbank.com/global/en/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

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. Applicants can learn more about the company’s status as an equal opportunity employer by viewing the federal KNOW YOUR RIGHTS (https://eeoc.gov/sites/default/files/2023-06/22-088_EEOC_KnowYourRights6.12ScreenRdr.pdf) EEO poster.

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 (https://careers.usbank.com/verification-of-eligibility-for-employment) .

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: $117,725.00 - $138,500.00 - $152,350.00

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.

U.S. Bank accepts applications for this position on an ongoing basis.