Lead Credit Risk Officer

Wells Fargo•Charlotte, NC

3d•Hybrid

About The Position

Wells Fargo is seeking a Lead Credit Risk Officer in the Credit Risk department within Corporate Risk. The role provides senior credit officers, CROs, the CFO, and other business partners with in-depth credit analysis supporting credit risk management, risk appetite, strategic initiatives and planning, and capital optimization. It produces ad-hoc and standardized periodic deliverables focused on credit risk analysis and portfolio management for the Wholesale Credit portfolio, and supports Risk Measurement Program management, emerging-risk identification and impact quantification, and portfolio performance forecasting. The officer leads complex and cross-functional initiatives with broad impact, advises senior leadership on strategies and policies affecting credit risk appetite, and provides analytical tools, reporting, and subject-matter expertise to stakeholders. The position also supports stress testing, loss forecasting, expected credit loss, capital review, credit migration, and concentration management processes. This position offers a hybrid schedule and requires working at an approved job location: 401 S. Tryon Street, Charlotte, North Carolina.

Requirements

At least 5 years of Credit Risk experience, or equivalent demonstrated through work experience, training, military experience, education, or a combination of these.
Ability to assess lending quality and ongoing credit risk management within a bank, including adherence to risk appetite, credit policy, and regulations.
Strong commercial credit analysis skills.
Ability to present complex material in a digestible and consumable manner to all levels of management.
Advanced Microsoft Excel skills.
Outstanding problem-solving and analytical skills, with the ability to turn findings into strategic imperatives.
Strong knowledge of debt markets, debt instruments, and commercial loan products.

Nice To Haves

Five years of related experience, preferably including credit risk, markets, credit research, or portfolio management.
Experience with corporate credit relative value and market-based pricing.
Bachelor’s degree or higher in finance, accounting, business, or a quantitative discipline.

Responsibilities

Advise senior leadership in developing and implementing strategies, programs, and policies with a direct and significant impact on credit risk appetite.
Lead complex initiatives, including cross-functional initiatives with broad impact, and participate in driving the company’s credit culture and business performance for Credit Risk.
Review and analyze complex strategies, programs, and policies that significantly affect credit risk appetite and culture.
Deliver long-term, large-scale solutions requiring vision, creativity, innovation, advanced analytical and inductive thinking, coordination of complex activities, and guidance to others.
Produce ad-hoc and standardized periodic credit risk analysis and portfolio management deliverables for the Wholesale Credit portfolio.
Monitor portfolio, financial, market, and economic data and assess their impact on credit fundamentals.
Develop and deploy analytical tools to identify, monitor, and analyze single-name, sector, concentration, and portfolio risks.
Monitor, assess, and report on asset quality, portfolio trends, and credit policy exception trends.
Identify emerging credit risks and correlated risk pools that could affect earnings and capital, and develop risk-mitigating strategies with CRO organizations.
Develop and implement Business As Usual stress-testing procedures that inform risk identification and risk appetite.
Provide credible challenge of line-of-business credit products, programs, and policies.
Support Business Loss Forecast, Current Expected Credit Losses, and Comprehensive Capital Analysis and Review processes, as well as credit migration and concentration management, with credit research.
Provide key stakeholders with subject-matter expertise and reliable, transparent analysis and reporting.
Interact with Audit, Legal, external agencies, and regulatory bodies on risk-related topics.