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. Learn more about the career areas and lines of business at wellsfargojobs.com. Wells Fargo is seeking a Lead Credit Risk Officer as a part of Wells Fargo's second line of defense. The Independent Risk Management (IRM) team covers jobs which lead the design and management of a highly targeted independent credit review (oversight) capability to assess the quality of lending and ongoing management of credit risk within the Bank, including adherence to risk appetite, credit policy and regulation. May include jobs which provide challenge to line of business credit products, programs, transactions, and policies, and participate in acquisition due diligence. Corporate Credit Risk independently oversees the management of credit risk exposures (including monitoring and reporting on aggregate credit exposures across groups, legal entities, geographies, and jurisdictions) and the quality of credit risk management practices across the company. This oversight extends to all phases of a loan's life cycle, including origination, underwriting, risk analysis, approval, documentation, monitoring, loss recognition, modification, and collection activities. We are seeking highly motivated credit professionals to enable the rationalization and maintenance of wholesale credit policies, while: Ensuring proper Line of Business implementation of, and adherence to, wholesale credit policies. Supporting line of business credit risk governance. Complying with the Policy Management Policy. Ensuring a consistent credit risk profile. Ensuring credit professionals can easily understand and follow the requirements. Ensuring proper Line of Business implementation of, and adherence to, the wholesale credit policies. In this role, your duties may include: Ensuring proper Line of Business implementation of, and adherence to, wholesale credit policies. Leading roundtables, and serve as a subject matter expert, on specific lending topics. In addition, your duties may include: Understanding, and clearly communicating, complex wholesale credit concepts. Building consensus for final approach on lending topics. Writing credit policies, with moderate oversight, so that it: Aligns with regulatory expectations. Appropriately represents the banks risk appetite. Is clearly understood by all stakeholders (Credit Professionals and third-parties). Adheres to the Policy Management Policy. Ensuring proactive management of existing credit policies, procedures, and supporting documents. Additional duties may include: Addressing needed Risk Governance edits within policies. Adherence to the Policy Management Policies. Identifying improvement opportunities within policy, procedure, and surveillance by: Ensuring resolution of matters requiring attention from third party stakeholders. Providing accurate and timely answers to credit policy inquiries, from Credit Professionals and other stakeholders. Effectively communicating and building partnerships with appropriate parties. 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: Solid understanding of WHSL credit underwriting, monitoring and approval responsibilities, across multiple lines of business/lending types. Advanced ability to communicate both orally and in writing to multiple constituents. Current or previous delegated credit approval authority. Posting Locations: 401 S Tryon St, Charlotte, NC 600 S 4th St, Minneapolis, MN 800 S Jordan Creek Pkwy, West Des Moines, IA 114 N Beaumont St, Saint Louis, MO 1150 W Washington St, Tempe, AZ 250 E John Carpenter Frwy, Irving, TX Job Expectations: This position currently offers a hybrid work schedule. Ability to work at the approved location(s) in the job posting. *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 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: 6 Apr 2025 *Job posting may come down early due to volume of applicants. We Value Diversity At 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 units 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 Disabilities To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo. Drug and Alcohol Policy Wells 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. Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $1.9 trillion in assets. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo ranked No. 34 on Fortunes 2024 rankings of Americas largest corporations. In the communities we serve, the company focuses its social impact on building a sustainable, inclusive future for all by supporting housing affordability, small business growth, financial health, and a low-carbon economy. News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories. Additional information may be found at www.wellsfargo.com LinkedIn: https://www.linkedin.com/company/wellsfargo For questions on how to search and apply, visit our frequently asked questions. Apply Job!