About this role:

Wells Fargo is seeking a Lead Credit Risk & Approval Officer for the Wells Fargo Inter-Company Affiliates Portfolio. This position is part of Finance Risk Management within Corporate Risk – Wells Fargo’s second line of defense – and will report to the Head of Legal Entity Interest Rate Risk.

The position will provide independent risk oversight of extensions of credit between Wells Fargo’s bank entities and non-bank entities pursuant to Regulation W. Primary responsibilities will include evaluating credit requests, coordinating the credit approval process, and administering the existing credit portfolio. These responsibilities will ensure that inter-company credit risk is managed effectively and consistent with safe and sound banking practices, policies, and procedures. Success in this role will require a high degree of collaboration with stakeholders across Credit/Liquidity/Capital/IRR Risks, Underwriting, Business, Treasury, Finance, Accounting, Operations, Legal, Compliance, Audit, and other areas.

In this role, you will (responsibilities of this position include, but are not limited to​):

• Act as key participant in monitoring and reviewing of interbank credit exposures.
• Provide in-depth evaluation of interbank lending including underwriting, credit product limits, transaction structures, and risk ratings.
• Coordinate the credit approval process and provide concise documented rationales for credit recommendations to senior leaders, including additional considerations for Liquidity/Capital/IRR risks, as needed.
• Review and interpret credit policies and procedures and incorporate requirements into credit oversight responsibilities.
• Ensure maintenance of credit standards and adherence to policy and procedure requirements.
• Lead and participate in complex initiatives including those that are cross-functional and will have broad impact.
• Receive direction from senior credit officers and exercise independent judgment accordingly.
• Collaborate and consult with peers, colleagues, and managers to resolve issues and achieve goals.

Required Qualifications:

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

Desired Qualifications:

• 5+ years of credit experience in either front line or independent risk management (IRM). Experience analyzing banks and finance companies preferred.
• Bachelor’s degree in a quantitative discipline, such as Economics, Finance, Math, Accounting or similar quantitative major. Advanced degree in a related area preferred.
• Possess strong analytical skills with high attention to detail and accuracy, as well as the ability to understand financial implications, synthesize information to identify key risks, identify solutions, and develop clear options and recommendations.
• Knowledge of credit products including fixed income securities, derivatives, loans, and other funding products.
• Demonstrate excellent verbal, written, and interpersonal communication skills; experience presenting to senior management.
• Experience in an environment that requires attention to detail, critical thinking, and problem-solving skills.
• Demonstrated capabilities in leadership, collaboration, and proactive management skills.
• Familiarity with applicable credit and enterprise policies and procedures, as well as related regulatory guidance are preferred.
• Ability to work independently and build relationships across teams.
• Should possess advanced Microsoft Office skills.

Posting Locations:

• 401 S. Tryon Street - Charlotte, North Carolina
• 600 Wells Fargo - Minneapolis, Minnesota

Job Expectations:

• Ability to work at one of the approved locations in the job posting
• This position currently offers a hybrid work schedule
• This position is not eligible for VISA sponsorship

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.

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:

*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.

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.