✨ Fill and validate PDF forms with InstaFill AI. Save an average of 34 minutes on each form, reducing mistakes by 90% and ensuring accuracy. Learn more

Senior Credit Approval Officer

US Bank New York, New York
senior credit officer credit clo senior management financial officer risk management analysis manager due diligence
March 8, 2023
US Bank
New York, New York

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

Senior Credit Approval Officer position within Credit Risk Management with responsibility for credit approval activities for ABS and CLO portfolios. The Senior Credit Approval Officer will be responsible for review and approval of ABS and CLO lending facilities, which includes the analysis of deal structure and documents, ABS servicer and CLO manager evaluation and due diligence, internal rating analysis, stress testing, and adherence to bank policies and procedures. The candidate should be knowledgeable in assessing various risks in a transaction, such as credit, rate, liquidity, regulatory etc. Other responsibilities include evaluating and maintaining CLO manager and ABS servicer due diligence criteria, and monitoring CLO and ABS performance. Will work with Portfolio Managers, Relationship Managers and other senior officers internally.

Basic Qualifications
- Bachelor's or advanced degree, or equivalent work experience
- Typically more than 12 years of applicable experience

Preferred Skills/Experience
- 12 or more years of CLO/ABS related experience. ABS asset classes should include auto loan/lease, fleet lease, trade receivables, consumer loans
- Prior credit approval experience
- Demonstrated analytical and risk management skills
- Knowledge of CLO and ABS markets
- Excellent verbal and written communication skills
- 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.

Learn how the way we work at U.S. Bank drives meaningful relationships with our customers and collaboration across the company.


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 EEO 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.

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, US Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401k contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $160,480.00 - $188,800.00 - $207,680.00

Report this job

Similar jobs near me

Related articles