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Senior Credit Portfolio Manager

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U.S. Bank National Association

29d ago

  • Job
    Full-time
    Expert Level
  • Banking & Finance
  • Madrid

AI generated summary

  • You need a Bachelor’s in Finance/Economics, 12+ years in credit risk management, loss provisioning experience, strong communication skills, analytical abilities, and leadership experience. Professional certifications are a plus.
  • You will oversee credit portfolio risk, manage problem credits, collaborate on provisioning, advise on strategies, supervise the airline portfolio, and report to senior management on credit risks.

Requirements

  • Bachelor's degree in Finance, Economics, Business, or a related field.
  • Extensive experience (12+ years) in credit risk management within a financial institution, preferably in a portfolio management role.
  • Experience managing loss provisioning processes (i.e. IFRS9) and implementing associated governance standards.
  • Excellent written, presentation, and communication skills with the ability to articulate key messages in a concise manner.
  • Analytical and problem-solving skills to interpret data/trends and draw actionable insights.
  • Expert understanding of credit risk, methodologies, and regulatory requirements (e.g. Basel, CRR).
  • Ability to lead and motivate a team, fostering a culture of accountability, innovation, and continuous improvement.
  • Familiarity with financial analysis, or a professional certification such as FRM, CFA, ACA/ACCA or similar are desirable.

Responsibilities

  • Lead risk oversight of the credit portfolio including concentration management, loss provisioning, and credit growth strategy.
  • Oversee the management of problem credits, identifying early signs of deterioration and implementing strategies for remediation to minimise losses.
  • Manage provision adequacy assessments for both credit assets and contingent liability exposures ensuring adherence to applicable accounting standards (i.e. IFRS).
  • Collaborate with lines of business and central functions to ensure that the Bank’s contingent liability is correctly estimated, monitored, and reported internally and externally.
  • Maintain dedicated oversight of the Bank’s airline portfolio, including exercising delegated credit approval authority for airline relationships.
  • Work with lines of business to advise on portfolio composition strategies, risk mitigation techniques, and structure of new credit transactions.
  • Deputise for the Chief Credit Officer, as required, representing the Credit Risk Management function at internal or external meetings and presenting credit risk updates at senior management fora.
  • Leverage market intelligence to monitor economic, geopolitical, and industry trends that impact risk in the portfolio and generate proposals to re-balance risk.
  • Work with other members of the Credit Risk Management team to analyse credit risk metrics and indicators, providing insightful reporting and recommendations to senior management to support informed decision-making.

FAQs

What is the primary responsibility of the Senior Credit Portfolio Manager?

The primary responsibility is to oversee risk management of U.S. Bank Europe’s credit portfolio, ensuring alignment with risk appetite, strategy, and industry requirements.

What educational qualifications are required for this role?

A Bachelor's degree in Finance, Economics, Business, or a related field is required.

How many years of experience are required for the Senior Credit Portfolio Manager position?

Extensive experience of 12+ years in credit risk management within a financial institution is required, preferably in a portfolio management role.

What type of experience is desirable related to loss provisioning processes?

Experience managing loss provisioning processes, specifically related to IFRS9 and implementing associated governance standards, is desirable.

What skills are essential for this role?

Essential skills include excellent written, presentation, and communication skills, analytical and problem-solving abilities, and expert understanding of credit risk methodologies and regulatory requirements.

Is there any certification that is considered an asset for this job?

Familiarity with financial analysis or a professional certification such as FRM, CFA, ACA/ACCA or similar is desirable.

Will the Senior Credit Portfolio Manager need to lead a team?

Yes, this role requires the ability to lead and motivate a team, fostering a culture of accountability, innovation, and continuous improvement.

What specific portfolios will the Senior Credit Portfolio Manager oversee?

The role includes dedicated oversight of the Bank’s airline portfolio, including exercising delegated credit approval authority for airline relationships.

Will the Senior Credit Portfolio Manager represent the Chief Credit Officer in meetings?

Yes, the role will involve deputizing for the Chief Credit Officer as required, representing the Credit Risk Management function at internal or external meetings.

What are the potential benefits offered with this role?

The role offers a diverse working environment, health and financial security benefits, and resources for career growth.

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U.S. Bank National Association

Finance
Industry
1-10
Employees
1863
Founded Year

Mission & Purpose

U.S. Bank, a leading financial institution in the United States, provides a comprehensive range of banking and financial services to individual, business, government, and institutional clients. Their ultimate mission is to empower customers by offering innovative financial solutions that help them achieve their goals. The bank's purpose centers on building strong relationships, fostering economic growth in communities, and delivering trusted expertise to navigate financial challenges effectively, ensuring long-term prosperity for their stakeholders.

Benefits

  • Life outside of work

    Work is just one part of your life. Relax and recharge with time-off programs and other resources to help you find your ideal work-life balance.

  • Retirement and financial security

    Your financial wellness is important throughout your career and into retirement. We invest in your future with retirement savings, pension plans and tools to help you prepare for whatever is next.

  • Health and well-being

    Feeling well helps you do your best at home, at work and everywhere in between. We provide a variety of benefits and programs to help you take care of your health.

  • Career growth and development

    Be a lifelong learner and reach your career goals with development resources that boost your success.