Credit Risk Director

About this role:

Wells Fargo is seeking a Credit Risk Director

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.

The Risk Rating Methodology team (RRM) in Wholesale Credit Risk manages the development and refinement of risk rating methodologies for Wholesale credit exposures across Wells Fargo. RRM provides oversight of Wholesale business risk rating methodologies which includes analyzing risk rating data to provide recommendations on existing or new methodologies, approving business risk rating policies and procedures as well as risk rating tool and application education, monitoring of risk rating methodology performance and usage tracking, overseeing model controls and usage, resolving risk rating related issues and research activities. Wells Fargo is seeking a Credit Risk Director to lead the Risk Rating Methodology team.

In this role, you will:

• Manage a team of credit and analytics professionals in executing against the risk rating strategy.
• Advise senior leadership on development and implementation of risk rating strategies for Wholesale credit portfolios.
• Lead the strategy and resolution of complex risk rating related projects that cross businesses and staff functions.
• 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.
• Lead risk rating methodology development and refinement process, providing challenge and documenting the rationale for recommendations including application of the tools to Wells Fargo model policies and standards.
• Manipulate and analyze data, preparing summary presentations of findings, and drawing conclusions to present recommendations to senior and executive management.
• Coordinate communication and rollout of risk rating methodologies and policies, developing standards for education materials and presenting information to various audiences.
• Evaluate risk rating grid/guidance usage and performance through data analysis, identifying issues that need to be addressed from data trends and taking ownership to address them.
• Identify opportunities and strategies for initiatives, process improvement and risk control development tied to the enterprise risk rating policy and overall risk rating system.
• Lead cross-organizational project work which may include facilitation with several different business units across the bank to plan and execute on project deliverables.
• Lead complex risk rating initiatives and processes by partnering with multiple businesses and other downstream stakeholders simultaneously.
• Identify, document and track research and potential issues related to risk rating methodology, policy and tools and manage to resolutions.
• Facilitate resolution of risk rating related recommendations and/or issues from credit review function, Internal Audit, and external regulatory agencies.
• Develop and maintain control procedures associated with key risks.
• Build and maintain effective working relationships with all stakeholders.
• Analyze, recommend, and document business risk rating policy and procedure changes.
• Develop and present risk rating related topics to regulators.
• Collaborate and consult with peers, colleagues, and managers to resolve issues and achieve goals.
• Interact with Audit, Legal, external agencies, and regulatory bodies on risk related topics.

Required Qualifications:

• 8 years of Credit Risk 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:

• A subject matter expert in credit risk and understating of model risk management with ability to confidently provide challenge where appropriate.
• Relevant risk policy development and administration experience.
• Ability to articulate issues, risks, and proposed solutions to various levels of staff and management.
• Excellent verbal, written, and interpersonal communication skills. Ability to communicate effectively, in both written and verbal formats, with senior executive level leaders.
• Ability to facilitate and lead meetings to reach conclusions, identify tasks, record actions, and achieve results.
• Ability to work and influence successfully within a matrix environment and build effective business partnerships with all levels of team members.
• Ability to work effectively, as well as independently, in a team environment.
• Advanced Microsoft Office (Word, Excel, Outlook and PowerPoint) skills.
• Knowledge and understanding of financial industry associated regulatory standards and agencies.
• Strong analytical skills with high attention to detail and accuracy.
• Ability to take initiative, identify opportunities and implement change.
• Strong project management skills including the ability to handle multiple projects concurrently.
• Credit risk, commercial underwriting, commercial loan review, portfolio management or equivalent experience in financial services.
• Experience managing and providing oversight of commercial credit policy (enterprise and/or business related).

Posting Locations:

• 401 S Tryon Street, Charlotte, North Carolina
• 250 E. John Carpenter Frwy - Irving, Texas
• 600 S. 4th St - Minneapolis, Minnesota
• 1150 W Washington - Tempe, Arizona
• 800 S. Jordan Creek Pkwy - West Des Moines, Iowa

Job Expectations:

• Ability to work at the approved location(s) in the job posting.
• This position offers a hybrid work schedule.

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

Posting End Date:
11 Aug 2024
*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 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.

Candidates applying to job openings posted in Canada: Applications for employment are encouraged from all qualified candidates, including women, persons with disabilities, aboriginal peoples and visible minorities. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process.

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.