Senior Manager - Credit Portfolio Risk

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, enabling the communities we support to grow and succeed in the right ways, all more confidently and more often—that’s what we call the courage to thrive.   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. Try new things, learn new skills and discover what you excel at—all from Day One.

As a wholly owned subsidiary of U.S. Bank, Elavon is committed to building the platforms and ecosystems that help over 1.5 million customers around the world to achieve their financial goals—no matter what they need. From transaction processing to customer service, to driving innovation and launching new products, we’re building a range of tailored payment solutions powered by the latest technology. As part of our team, you can explore what motivates and energizes your career goals: partnering with our customers, our communities, and each other.

We actively uphold transparent and fair hiring practices that support individual opportunity, inclusive culture, and career mobility across all levels of our organisation.

We offer meaningful opportunities for growth, a culture of inclusion, and a strong commitment to transparency and integrity in everything we do.

The Credit Portfolio Risk Director is a senior role within the Second Line of Defence Credit Risk Management function, reporting directly to the Chief Credit Officer for Europe. The role is responsible for leading the Credit Risk Management function’s risk oversight across multiple credit portfolios, including corporate lending, payments, institutional exposures, vendor-related credit risk, and structured credit investments. The role holder will operate with delegated credit approval authority.

The Credit Portfolio Risk Director will lead a small team of credit risk professionals who are specialised across the range of portfolios the Bank operates in. The Credit Portfolio Risk Director is tasked with supporting consistent, high‑quality, and risk‑aligned credit decisions, reporting, and insights across USBE’s credit activities.

The role is central to implementing the requirements set out across USBE’s credit risk governance framework and includes the administration and secretariat of the Credit Committee and associated sub-committees, ensuring that portfolio insights, forward-looking risk assessments, and expert judgement inform risk appetite, strategy, provisioning, and senior management decision-making.

Key Responsibilities

Credit Decisioning & Approval Authority Framework Oversight

Act as a Credit Approver across USBE’s credit portfolios, exercising independent delegated authority on complex and material credit proposals.

Contribute to the effective operation and periodic review of the Bank’s delegated credit approval framework, including consistency of decision-making and performance outcomes.

Lead, develop, and manage a small team of Second Line credit approvers, ensuring strong technical capability, sound judgement, and alignment to risk appetite.

Support the development and consistent application of portfolio-wide decisioning standards, including challenge expectations, documentation quality, and evidencing of credit rationale.

Provide escalation and recommendations on complex, borderline, or high-risk transactions.

Governance & Committee Administration

Support the Chief Credit Officer in delivering operational effectiveness and administration of the Credit Committee, including agenda planning, quality materials and alignment to the Terms of Reference.

Oversee the administration of supporting governance forums of the Credit Committee.

Ensure that governance outputs are insight-driven, forward-looking, and clearly linked to risk appetite and portfolio resilience.

Support the Chief Credit Officer in preparing for executive and Board-level engagements by providing high-quality portfolio risk analysis and briefing materials.

Portfolio Stewardship

Support the development and ongoing refinement of the Bank’s credit portfolio profile by providing forward-looking portfolio insights, risk appetite analysis and recommendations for senior management consideration.

Monitor performance against credit risk appetite metrics and limits, escalating breaches, trends or emerging concerns for senior management review.

Assess macroeconomic, geopolitical, sectoral and regulatory developments and provide analysis to support portfolio positioning and risk appetite considerations.

Oversee portfolio-level risk identification, including concentrations, emerging risks, and forward-looking vulnerabilities.

Contribute to scenario analysis and stress testing activities, ensuring outputs inform strategy, limits, and risk mitigation actions.

Coordinate the review of credit risk elements associated with the Strategic Plan and ICAAP on behalf of the Credit Risk Management function.

Management Information & Portfolio Insights

Lead the Management Information (MI) framework for credit risk, ensuring senior stakeholders receive clear, decision-ready insights on portfolio performance and risk profile.

Oversee the production of high-quality reporting on credit trends, early warning indicators, and emerging risks.

Translate portfolio risk analysis and insights to outputs that help inform capital, stress testing and provisioning processes.

Provide regular, concise, and impactful updates to senior management, including the Credit Committee.

Ensure MI supports proactive risk management with portfolio risk analytics and early warning frameworks.

Structured Credit Risk Coverage

Ensure structured credit exposures (e.g. CLO investments) are subject to robust independent review, clear risk articulation, and appropriate governance escalation.

Maintain oversight of complex or non-standard exposures, ensuring structural risks, collateral dynamics, and concentration risks are adequately understood and managed in line with best practice and regulatory expectations.

Ensure portfolio credit insights incorporate themes arising from structured credit investments and are appropriately reflected in risk appetite and governance discussions.

Cross-Functional Leadership

Act as a point of contact for credit portfolio matters and credit MI across Risk, Finance, Treasury, and the First Line of Defence.

Collaborate with peers to ensure consistent alignment between risk appetite, policy, portfolio composition, provisioning, capital considerations, and business activity.

Promote strong second-line independence while maintaining constructive and effective challenge.

Leadership & People Management

Lead and develop a small team of credit approvers and portfolio analysts.

Set clear expectations on culture, accountability, and quality of judgement.

Ensure appropriate resourcing and capability across generalist and specialist areas.

Foster a culture of continuous improvement, technical excellence, and disciplined risk management.

Experience & Qualifications

Typically 12+ years’ experience in credit risk management within a European or international banking environment.

Experience across multiple asset classes, including managing specialist or complex exposures (i.e. structured credit).

A track record operating under delegated credit authority and interacting with senior governance forums.

Deep understanding of European regulatory expectations including risk governance and oversight standards.

Strong judgement, credibility, and ability to influence at senior management / executive level.

Accessibility

We are committed to providing an inclusive and accessible recruitment experience. If you need adjustments at any stage of the application or hiring process, please contact your recruiter for guidance and support.

Total Rewards

U.S. Bank is committed to fair, equitable, and transparent compensation practices in line with local regulatory and legal requirements. Our total rewards approach is designed to attract, retain, and support top talent while ensuring equal pay for work of equal value.

We offer a market-competitive compensation package that includes:

• Clearly defined salary ranges aligned with industry benchmarks and internal equity standards.

• Performance-based incentives for eligible employees (as defined by relevant plan rules), awarded through transparent, objective criteria that recognize both individual and company performance.

• Inclusive equitable benefits that are accessible to all employees and focused around our 3 main pillars of financial wellbeing, health & wellness).

• Continuous development opportunities including training, education support, and career progression pathways based on inclusive and transparent criteria.

• Employee recognition programs that celebrate achievements and milestones for all.

We regularly review our compensation and benefits to ensure they remain competitive, inclusive, and responsive to employee needs and market trends. Further details of the compensation package will be provided upon application.

We encourage candidates to explore the full value of our offer, including monetary and non-monetary benefits, at Employee benefits and development | U.S. Bank | Elavon.

Closing Date

Posting may be closed earlier due to high volume of applicants.

We aim to provide timely updates throughout the process and encourage early applications to ensure consideration.