Note Sale Manager

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

The Note Sale Manager leads the planning, execution, governance, and continuous improvement of commercial loan sale and assignment activities across U.S. Bank's Special Assets Group. This role serves as the primary liaison between business lines, relationship managers, Legal, Loan Operations, external investors, and other stakeholders to facilitate the successful disposition of performing and non-performing commercial assets.

The position is responsible for managing note sale transactions, developing and maintaining procedures and controls, providing consultation services to business lines, overseeing reporting and data integrity, and driving process enhancements that improve efficiency, compliance, and risk management. The Note Sale Manager operates as a subject matter expert and trusted advisor for commercial credit sales across the enterprise.

As a secondary function (<25%), the Note Sale Manager will also assist the Special Assets Group’s team of Portfolio Managers (PMs). Portfolio Managers are responsible for underwriting activities and preparing reports for distressed commercial credit relationships while supporting the Bank's risk management, workout, and loss mitigation objectives. The role serves as the primary operational and analytical lead partnering closely with Relationship Managers, Credit Officers, Legal, Loan Operations, and senior leadership to develop and execute strategies that maximize recovery, minimize losses, and support risk management.

Basic Qualifications

• Bachelor's degree, or equivalent work experience

• Typically more than 10 years of applicable experience

Preferred Skills/Experience

• Experience in commercial banking, loan workouts, special assets, or loan sale activities

• Advanced understanding of commercial credit structures, loan documentation, collateral, and assignment processes

• Strong leadership and management skills

• Effective written and verbal communication skills

• Proficient computer skills, especially Microsoft Office applications

• Thorough knowledge of Risk/Compliance/Audit competencies

• Strong analytical, problem-solving and negotiation skills

This role requires working from a U.S. Bank location three (3) or more days per week.

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.

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:

• 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

Review our full benefits available by employment status here.

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.

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.

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: $133,365.00 - $156,900.00

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.

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