Job Information
U.S. Bank Optimization Transaction Manager in Minneapolis, Minnesota
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
U.S. Bank is searching for an individual to lead transactions and expand the capabilities of its balance sheet markets execution team.
In this role, you will be part of a high functioning team which is responsible for leading all aspects of the balance sheet optimization transaction lifecycle, from conception to close as well as ongoing monitoring and maintenance. In this rapidly developing space, this team is also charged with building out the full suite of optimization capabilities for the Company in order to meet certain tactical and strategic goals. The balance sheet markets execution team centralizes market execution of bank balance sheet optimization activity across the Company including, but not limited to, Significant Risk Transfer (SRT/CRT), Loan Sales, Forward Flow, and Securitization Transactions.
Responsibilities:
Lead all aspects of the balance sheet optimization transaction lifecycle
Monitor the various markets for optimization activities and maintain awareness and knowledge of related deal flow and new advents in the space
Generate ideas and evaluate opportunities for balance sheet optimization
Model the relative economics of a variety of structures and transactions features versus alternatives and form recommendations
Collaborate with internal and external legal counsel to coordinate drafting and review of transaction legal documents
Develop strategies which incorporate balance sheet optimization products in furtherance of the strategic goals of the Company
Build and foster relationships with internal partners, investors, external counsel, ratings agencies, peers, investment banks, regulators, etc.
Ongoing management of the existing portfolio of transactions
Design and build operational processes to support outstanding transactions and enhance program capabilities. Create and maintain documentation including policies, procedures, and controls related to the transaction lifecycle.
Design and create reporting used to monitor performance of outstanding transactions and provide insights into capacity for additional opportunities
Interface with various internal stakeholders to understand their optimization needs and recommend how best to satisfy their needs in order to support their business
Participate in regular second- and third-line reviews, audits, and exams.
Coordinate with internal and external stakeholders to establish operational processes required to support various transaction features
Basic Qualifications
Bachelor's degree in finance, accounting, economics, or related field
13 or more years of related experience
Five or more years of management experience
Preferred Skills/Experience
Self-motivated and detail oriented
Excellent communication and decision-making skills
Highly effective at leading without formal authority
Ability to work under pressure and in high paced environment
Ability to resolve complex problems in a short time frame
Ability to work in a highly time-sensitive and dynamic environment
Capital Markets knowledge. Experience with structured products, credit derivatives, or interest rate derivatives a plus
In depth knowledge of finance concepts and cash flow modeling
Working experience with rating agencies, underwriters, legal counsel and audit firms
Database and/or programming skills (SQL, Python, etc)
Power BI design experience a plus
Bank ALM experience a plus
Basic understanding of bank regulatory and capital framework
Working knowledge of consumer products (autos, mortgages, credit card), fund finance, and large / SME corporates
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: $149,515.00 - $175,900.00 - $193,490.00
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.
Job postings typically remain open for approximately 20 days of the posting date listed above, however the job posting may be closed earlier should it be determined the position is no longer required due to business need. Job postings in areas with a high volume of applicants, such as customer service, contact center, and Financial Crimes investigations, remain open for approximately 5 days of the posting listed date.
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