About this role:Wells Fargo is seeking a Credit Risk & Approval Director for the role of Group Senior Credit Officer within the Investment Portfolio /Treasury Credit and Counterparty Credit Risk team. The position covers credit risk oversight primarily for the Investment Portfolio, including managing a team of credit officers responsible for reviewing investment and lending creditworthiness, managing the credit approval process, maintaining high credit standards, monitoring individual exposures, and providing ongoing portfolio level updates. The position also includes responsibility for overseeing the process for credit allowance for debt securities and credit risk measurement and ensuring maintenance of credit standards and adherence to policy and procedure requirements.
The team is seeking a dynamic, collaborative, and highly self-motivated individual with experience in credit risk, various credit products, strong analytical skills, and solid problem-solving capabilities. An individual possessing strong leadership and communication skills will excel in this role as they will interact with a vast number of peers, senior leadership, and stake holders spanning across Credit Risk, Business Units, Finance, Treasury, Operations, and Audit groups.
In this role, you will:- Manage and develop a specialized team of professional individual contributors with focus on investment and lending products, primarily Municipal Products, Structured Products, and interbank credit exposures.
- Provide service for cross-functional stakeholders and internal partners associated with formulating and establishing group credit and lending policies and procedures
- Lead Credit Risk team by making strategic decisions to resolve highly complex issues
- Interpret and develop a range of credit risk policies, procedures and standards for functions and incorporate requirements into credit oversight responsibilities
- Collaborate and influence all levels of professionals including more experienced credit officers
- Lead team to achieve goals
- Interact with various internal stake holders including senior leadership, Credit Risk, Business Units, Finance, Treasury, Operations, and Audit groups
- Manage allocation of people and financial resources for Credit Risk
- Develop and guide a culture of talent development to meet business objectives and strategy
Required Qualifications:- 8+ years of Credit Risk or lending experience or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
- 4+ years of Management experience
Desired Qualifications:- Proven front line or independent risk management (IRM) experience in building, leading, collaborating, and engaging with a high-performing specialized team of professionals focused on investment and lending products.
- Significant experience in reviewing and managing credit risk.
- Knowledge and understanding of ever-evolving regulatory environments and governance processes.
- Experience interpreting and developing a range of credit risk policies, procedures and standards for investment and lending products.
- Ability to manage and prioritize multiple initiatives simultaneously while applying critical thinking.
- Excellent verbal, written, and interpersonal communication skills.
- Experience presenting to senior management and other stakeholders.
Posting Locations:- 401 S. Tryon Street - Charlotte, North Carolina
- 600 Wells Fargo - Minneapolis, Minnesota
Job Expectations:- This position currently offers a hybrid work schedule
- Ability to work at one of the approved locations in the job posting
Pay RangeReflected 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.
$207,900.00 - $431,900.00
Benefits Wells Fargo provides eligible employees with a comprehensive set of benefits, many of which are listed below. Visit Benefits - Wells Fargo Jobs for an overview of the following benefit plans and programs offered to employees.
- Health benefits
- 401(k) Plan
- Paid time off
- Disability benefits
- Life insurance, critical illness insurance, and accident insurance
- Parental leave
- Critical caregiving leave
- Discounts and savings
- Commuter benefits
- Tuition reimbursement
- Scholarships for dependent children
- Adoption reimbursement
Posting End Date:5 Nov 2024
* Job posting may come down early due to volume of applicants. We Value DiversityAt Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with disabilities, pregnancy, marital status, status as a protected veteran or any other status protected by applicable law.
Employees support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture which firmly establishes those disciplines as critical to the success of our customers and company. They are accountable for execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following and adhering to applicable Wells Fargo policies and procedures, appropriately fulfilling risk and compliance obligations, timely and effective escalation and remediation of issues, and making sound risk decisions. There is emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit's risk appetite and all risk and compliance program requirements.
Candidates applying to job openings posted in US: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic.
Applicants with DisabilitiesTo request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo .
Drug and Alcohol PolicyWells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.
Wells Fargo Recruitment and Hiring Requirements:a. Third-Party recordings are prohibited unless authorized by Wells Fargo.
b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.
