Lead Credit Risk Officer - Wholesale Credit Risk

At Wells Fargo, we are looking for talented people who will put our customers at the center of everything we do. We are seeking candidates who embrace diversity, equity and inclusion in a workplace where everyone feels valued and inspired. Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.

About this role:

Wells Fargo is seeking a Lead Credit Risk Officer for the Credit Risk department within Corporate Risk to provide senior credit officers, Chief Risk Officer (CROs), the Chief Credit Officer (CCO) and various other business partners with insights into the Wholesale credit portfolio and a proactive, forward-looking in-depth analysis in support of emerging risk identification and impact quantification, portfolio performance forecasting, loss mitigation, and concentrations and limits management.

In this role, you will:

• Lead complex initiatives including those that are cross-functional with broad impact and act as key participant in driving the company credit culture, desire, and business performance for Credit Risk

• Deliver solutions that are long-term, large-scale and require vision, creativity, innovation, advanced analytical and inductive thinking, and coordination of highly complex activities and guidance to others

• Monitor portfolio, financial, market and economic data and assess the impact to credit fundamentals

• Develop and deploy analytical tools to identify, analyze and monitor single name, sector, concentration, and portfolio risks

• Monitor, assess and report on asset quality, portfolio trends and credit policy exception trends

• Identify emerging credit risks and correlated risk pools that could potentially impact earnings and capital. Develop risk mitigating strategies in partnership with CRO organizations

• Develop and implement Business as Usual (BAU) stress testing procedures that inform risk identification and risk appetite

• Provide credible challenge of line of business credit products, programs, and policies

• Support the Business Loss Forecast (BLF), Current Expected Credit Losses (CECL) and Comprehensive Capital Analysis and Review (CCAR) processes, credit migration management, and concentration management with credit research 

• Provide key stakeholders with subject matter expertise and reliable, transparent analysis and reporting

Required Qualifications, US:

• 5+ years of Credit Risk experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Desired Qualifications:

• 5 years of related experience preferably to include credit risk, markets, credit research or portfolio management  

• Ability to assess the quality of lending and ongoing management of credit risk within the Bank, including adherence to risk appetite, credit policy and regulations

• Strong commercial credit analysis skillset

• Ability to present complex material in a digestible, consumable manner to all levels of management

• Advanced Microsoft Excel skills

• Outstanding problem solving and analytical skills with ability to turn findings into strategic imperatives

• Strong knowledge of debt markets, debt instruments and commercial loan products

• Experience with corporate credit relative value and market-based pricing a plus

• Bachelor degree or higher in finance, accounting, business or quantitative discipline

Posting Locations:

• 401 S. Tryon Street - Charlotte, North Carolina

• 600 Wells Fargo - Minneapolis, Minnesota

• 7001 Westown Parkway - West Des Moines, Iowa

• 250 E John Carpenter Frwy - Irving, Texas

• 1150 W. Washington - Tempe, Arizona

Job Expectations:

• Ability to work at one of the approved locations in the job posting.

• This position is not eligible for Visa sponsorship.

• This position currently offers a hybrid schedule.

*Job posting may come down early due to volume of applicants.

Pay Range
 

Reflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to achievements, skills, experience, or work location. The range listed is just one component of the compensation package offered to candidates.

$111,100.00 - $197,500.00

Benefits

Wells Fargo pr