About this role:Wells Fargo is seeking a Lead Credit Risk Officer in Corporate Risk as part of the Consumer Small & Business Banking (CSBB) Chief Risk Office. The position will support Small and Business Banking (SBB) Credit Risk.
The individual will leverage their experience and knowledge of risk management, business functions, small business products and services to provide credit risk oversight for Wells Fargo's Small and Business Banking line of business, specifically focused on commercial real estate, practice finance and asset secured lending (ASL) products.
More specifically, the individual will be evaluating and sizing risk and opportunities, developing lending policies and strategies by balancing data-driven analytics and sound credit risk judgment, and managing credit exposure risk at the product and customer level. The individual will partner with the immediate team, SBB Credit Risk, Product, Operations, and Technology to implement new enhancements and continuously optimize credit risk strategies. This includes developing credit risk control requirements for the underwriting and decisioning platforms.
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
- Review and analyze complex strategies, programs, and policies with a direct and significant impact on credit risk appetite and culture
- Exercise independent judgment while developing the knowledge to understand function, policies, procedures, and compliance requirements
- Collaborate and consult with peers, colleagues, and managers to resolve issues and achieve goals
- Interact with internal and external customers
- Collaborate with business for oversight of risk management while receiving direction from leaders
- Interact with Audit, Legal, external agencies, and regulatory bodies on risk related topics
- Demonstrate proven leadership experience and skills
- Implement, test, and monitor credit strategies in a decision platform
- Establish priorities and drive accountability for assigned initiatives, providing leadership to ensure solutions are designed, integrated, and controlled to optimize effectiveness, account for all aspects of risk exposure, and create efficiencies as appropriate
Required Qualifications:- 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:- Knowledge and understanding of small business, practice financing or commercial lending loan practices, policies, and procedures
- Familiarity with origination underwriting and decision strategy platforms
- Policy and/or procedure management experience
- Ability to communicate issues, risks, and proposed solutions effectively and succinctly, in both written and verbal formats, with senior leaders
- Strong collaboration skills with demonstrated ability to successfully manage strategic initiatives with business partners
- Ability to take initiative and work independently with minimal supervision in a structured environment
- Strong analytical and quantitative skills
- Excellent proficiency in programming and data manipulation using SQL, Python, Tableau
- Experience with Agile practices and frameworks (e.g., Kanban, Scrum, etc.) and workflow and collaboration tools, such as Confluence, Jira and Jira Align
- Undergraduate degree
Posting Locations:- 401 S. Tryon Street - Charlotte, North Carolina
- 1445 Ross Ave - Dallas, Texas
- 600 Wells Fargo - Minneapolis, Minnesota
- 800 S. Jordan Creek Pkwy - West Des Moines, Iowa
- 114 N. Beaumont Street - Saint Louis, Missouri
- 1150 W. Washington - Tempe, Arizona
Job Expectations:- Ability to work at one of the approved locations in the job posting
- This position currently offers a hybrid work schedule
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.
$111,100.00 - $197,500.00
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:25 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.
