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 Location expectations

This role requires working from a U.S. Bank location three (3) or more days per week.

The Credit Risk Manager is responsible for leading credit policy development and portfolio risk oversight for near prime and non-prime auto loan customers. This role supports profitable growth while maintaining effective risk controls across direct and indirect auto lending channels. The position partners with cross-functional teams to evaluate portfolio performance, recommend policy changes, and ensure alignment with regulatory and risk standards.

Key Responsibilities:

• Develop and maintain credit policies and underwriting standards for near prime and non-prime auto loans.

• Establish and refine credit criteria, including LTV, PTI, DTI, term limits, collateral age, and amount financed.

• Monitor portfolio performance, delinquency trends, and loss metrics; perform segmentation and risk analysis.

• Lead reviews of credit cutoffs, scorecard performance, and exception management.

• Collaborate with credit operations, dealer management, pricing, and data teams to implement policy changes.

• Support new product initiatives, channel expansion, and geographic growth.

• Present credit policy recommendations and risk insights to leadership and governance committees.

• Ensure compliance with regulatory requirements, including ECOA, FCRA, and UDAAP.

• Basic Qualifications- Bachelor's degree, or equivalent work experience

• 10 or more years of applicable experience

• Applicable professional certifications

• Preferred Skills/Experience- Expert understanding of the business line's operations, products/services, systems, and associated risks/controls

• Expert understanding of applicable laws, regulations, financial services, and regulatory trends that impact their assigned line of business

• Strong presentation, relationship building and negotiation skills

• Well-developed analytical skills

• Effective oral and written communication skills

• Possess business acumen and credibility to help business line(s) proactively identify and address changing workforce needs
  -Experience with indirect auto lending and dealer relationship management

-Familiarity with alternative data sources and the application of machine learning in credit decisioning

-Knowledge of loan servicing, repossession and recovery strategies with non-prime portfolios

• Bachelor's degree Finance, Economics, Business or related field (Master's degree preferred)

-10+ years of experience in credit risk or policy management, preferably in auto finance or consumer lending

-Strong understanding of near prime or non-prime credit behavior, auto loan underwriting, and dealer networks

-Proficiency with Microsoft Office 365, data analysis tolls (e.g., SAS, SQL, Python), and credit decisioning systems

• Excellent written and verbal communication skills, with the ability to influence and present to senior and cross-functional stakeholders

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:

• 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

Review our full benefits available by employment status here.

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: $111,605.00 - $131,300.00

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.