Structured Finance Credit Approval Officer
U.S. Bank
full-time
Posted on:
Location Type: Hybrid
Location: New York City • Illinois • Minnesota • United States
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Salary
💰 $170,255 - $200,300 per year
About the role
- Review and approval of ABS exposures across various asset types, including auto, fleet lease, equipment, trade receivables and consumer loans.
- Approval of CLOs (both Middle Market and BSL) and private debt securitization lending facilities.
- Assessing various risks in an ABS transaction, such as credit, rate, liquidity, regulatory, etc.
- Transaction review includes the analysis of deal structure and documents, servicer evaluation and due diligence, internal rating analysis, stress testing, and adherence to bank policies and procedures.
- Help with monitoring ABS and CLO portfolios performance.
- Work with Portfolio Managers, Relationship Managers, and other senior officers internally.
- Actively participate in client due diligence meetings.
Requirements
- Bachelor's or advanced degree, or equivalent work experience
- Typically, more than 12 years of applicable experience
- Typically requires more than six to seven years of directly relevant experience across ABS asset classes, including auto loans and leases, fleet lease, equipment, trade receivables, consumer loans.
- Demonstrated ability to analyze complex transactions, legal documentation, collateral data and performance, and structural protections
- Strong data and trend analysis capabilities, distilling complex information into clear, actionable insights.
- Advanced Excel proficiency, including experience manipulating large data sets.
- Excellent verbal and written communication skills
- Prior credit approval experience.
- Expertise in CLO/private debt securitization.
- Expertise in Commercial and Consumer ABS asset classes.
- Knowledge of current developments and trends in ABS and CLO markets
- Expert knowledge of credit and lending policies.
- Demonstrated relationship management abilities.
- Advanced knowledge of organizational structure, business practices, business philosophy, and ethics.
Benefits
- 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
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills & Tools
ABS analysisCLO expertisecredit approvaldata analysistrend analysisExcel proficiencytransaction analysisdue diligencestress testinglegal documentation analysis
Soft Skills
communication skillsrelationship managementanalytical skillsorganizational skillsproblem-solvinginterpersonal skillsattention to detailactionable insightscollaborationclient engagement