Lead Credit Risk Officer

Wells Fargo Bank•Charlotte, NC

5d•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, Chief Risk Officers, the Chief Financial Officer, and other business partners with insights into the Wholesale credit portfolio and proactive, forward-looking analysis. This analysis supports emerging risk identification and impact quantification, portfolio performance forecasting, loss mitigation, and concentration and limits management. The officer leads complex initiatives, including cross-functional work with broad impact, and helps drive the company’s credit culture and business performance. The position develops analytical tools and strategies for assessing portfolio risk, provides credible challenge to line-of-business credit products and policies, and supplies stakeholders with subject matter expertise and transparent analysis. It also supports the Business Loss Forecast (BLF), Current Expected Credit Losses (CECL), Comprehensive Capital Analysis and Review (CCAR), credit migration management, and concentration management. The position currently offers a hybrid schedule and is based at the approved location in Charlotte, North Carolina. It is not eligible for visa sponsorship.

Requirements

5+ years of Credit Risk experience, or equivalent demonstrated through work experience, training, military experience, or education.
Ability to work at the approved location(s) in the job posting.

Nice To Haves

5 years of related experience, preferably including credit risk, markets, credit research, or portfolio management.
Strong commercial credit analysis skillset.
Ability to present complex material in a digestible, 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.
Experience with corporate credit relative value and market-based pricing.
Bachelor’s degree or higher in finance, accounting, business, or a quantitative discipline.

Responsibilities

Lead complex initiatives, including cross-functional initiatives with broad impact, and act as a key participant in driving the company’s credit culture and business performance for Credit Risk.
Deliver long-term, large-scale solutions requiring vision, creativity, innovation, advanced analytical and inductive thinking, coordination of complex activities, and guidance to others.
Monitor portfolio, financial, market, and economic data and assess impacts on credit fundamentals.
Develop and deploy analytical tools to identify, analyze, and monitor 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 potentially impact earnings and capital.
Develop risk-mitigating strategies in partnership with CRO organizations.
Provide credible challenge of line-of-business credit products, programs, and policies.
Support BLF, CECL, and CCAR processes, credit migration management, and concentration management with credit research.
Provide key stakeholders with subject matter expertise and reliable, transparent analysis and reporting.